Funding you earn now, next payment 04:00 UTC−0.0437%/8h= −47.8% APRnext payment −$2.18 per $10,000 · paid last 24h −0.197%
Price spread now: SunX against OKX−0.491%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$294as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2392.387% of the position
Funding, last 7 days−0.552%−$55 on $10k
+Price spread, last 3 days (all we have)+0.341%+$34 · spread now −0.491%, 7d avg −0.173%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.318% cheaper against OKX than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.173%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RAVE-USDT-SWAP | 0.2037 | 0.0537 | pay 0.0268% / 4h | 3h 36m | $1.6M | $3.0M | 20x |
| Short | SunX RAVE-USDT | 0.2027 | 0.0100 | get 0.0050% / 4h | 3h 36m | $1K | $697K | 20x |
OKX RAVE-USDT-SWAP
SunX RAVE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.67
- Price spread: −0.491% → −0.173%
- −$31.82
- Slippage, 4 orders
- −$220.72
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$362.22
- Costs to cover
- 2.387%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; SunX: live order book, 14 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, 5 min ago | 2.47 bp | 26.5 bp −$27 | 126.5 bp −$1,265 | doesn't fit | doesn't fit |
| Sell SunX live order book, 14 min ago | 11.57 bp | 78.0 bp −$78 | 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 | 0.2031 | −0.314% | $2.4M | $916K | 25x | as long as short |
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2040 | +0.137% | $3.0M | $696K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2020 | −0.825% | $2K | $1K | — | as long as short |
| SunX RAVE-USDTshort | +0.0100% | 4h | 0.2027 | −0.491% | $1K | $697K | 20x | |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2024 | −0.663% | $44K | $38K | 20x | as long as short |
| OKX RAVE-USDT-SWAPlong | +0.0537% | 4h | 0.2037 | long leg | $1.6M | $3.0M | 20x | |
| BingX RAVE-USDT | +0.0688% | 4h | 0.2039 | +0.098% | — | $2.3M | — | as long as short |
| MEXC RAVE_USDT | +0.0694% | 4h | 0.2035 | −0.098% | $2.4M | $552K | 50x | as long as short |
| Binance RAVEUSDT | +0.0703% | 4h | 0.2038 | +0.037% | $4.6M | $3.7M | 20x | as long as short |
| BloFin RAVE-USDT | +0.0757% | 4h | 0.2024 | −0.638% | $250K | $18K | 20x | as long as short |
Bybit RAVEUSDT
Bitget RAVEUSDT
Variational Omni RAVE
HTX RAVE-USDT
BingX RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDT
BloFin RAVE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0874% | 4h | 0.2031 | −0.295% | $25K | $42K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.1172% | 4h | 0.2029 | −0.388% | $2.2M | $8.0M | 20x | as long as short |
| Gate RAVE_USDT | +0.1656% | 4h | 0.2028 | −0.442% | $1.0M | $456K | 25x | as long as short |
Aster RAVEUSDT
KuCoin RAVEUSDTM
Gate RAVE_USDT