RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.76 per $10,000 · paid last 24h +0.037%

Price spread now: Gate against OKX−0.350%7-day average −0.230% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1371.369% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.802%+$80 on $10k

Price spread, last 7 days+0.215%+$22 · spread now −0.350%, 7d avg −0.230%

Together, before fees+1.017%+$102 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.120% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.230%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.802%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAVE-USDT-SWAP	0.1999	0.0719	pay 0.0359% / 4h	2h 38m	$1.5M	$3.0M	20x
Short	Gate RAVE_USDT	0.1992	0.0566	get 0.0283% / 4h	2h 38m	$1.0M	$548K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.350%Rate

Funding earned: −$32.05
Price spread: −0.350% → −0.230%: −$12.05
Slippage, 4 orders: −$111.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$180.98
Costs to cover: 1.369%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	2.49 bp	16.7 bp −$17	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	10.01 bp	46.9 bp −$47	doesn't fit	doesn't fit	doesn't fit

RAVE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit RAVEUSDT	+0.0100%	4h	0.1995	−0.200%	$2.4M	$952K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2002	+0.155%	$2.9M	$872K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.1998	−0.067%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.1995	−0.215%	$1K	$812K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1996	−0.175%	$44K	$37K	20x	as long as short
Binance RAVEUSDT	+0.0430%	4h	0.1997	−0.100%	$4.5M	$3.8M	20x	as long as short
BloFin RAVE-USDT	+0.0430%	4h	0.2000	+0.050%	$243K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0444%	4h	0.1998	−0.050%	$2.4M	$482K	50x	as long as short
Gate RAVE_USDTshort	+0.0566%	4h	0.1992	−0.350%	$1.0M	$548K	25x
KuCoin RAVEUSDTM	+0.0686%	4h	0.1993	−0.315%	$2.2M	$8.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RAVE-USDT-SWAPlong	+0.0719%	4h	0.1999	long leg	$1.5M	$3.0M	20x
BingX RAVE-USDT	+0.0738%	4h	0.1999	0.000%	—	$2.3M	—	as long as short
Aster RAVEUSDT	+0.0987%	4h	0.1997	−0.102%	$24K	$45K	5x	as long as short