RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.131%

Price spread now: Binance against SunX+0.067%46s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2142.137% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.425%+$43 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.067%, 7d avg +0.020%

Together, before fees+0.396%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.046% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RAVE-USDT	0.2013	0.0100	pay 0.0050% / 4h	2h 43m	$2K	$651K	20x
Short	Binance RAVEUSDT	0.2015	0.0173	get 0.0087% / 4h	2h 43m	$4.5M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $15.43
Price spread: +0.067% → +0.020%: $4.64
Slippage, 4 orders: −$195.65
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$193.58
Costs to cover: 2.137%
Break-even: 94.8 days

Slippage from SunX: live order book, 37 min ago; Binance: live order book, 9 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 SunX live order book, 37 min ago	31.79 bp	106.6 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.48 bp	26.6 bp −$27	142.1 bp −$1,421	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	0.2012	−0.050%	$2.4M	$872K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2019	+0.288%	$2.9M	$660K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2012	−0.094%	$2K	$1K	—	as long as short
SunX RAVE-USDTlong	+0.0100%	4h	0.2013	long leg	$2K	$651K	20x
HTX RAVE-USDT	+0.0100%	4h	0.2014	+0.005%	$44K	$44K	20x	as long as short
BloFin RAVE-USDT	+0.0121%	4h	0.2013	−0.020%	$250K	$18K	20x	as long as short
MEXC RAVE_USDT	+0.0172%	4h	0.2014	+0.030%	$2.4M	$566K	50x	as long as short
Binance RAVEUSDTshort	+0.0173%	4h	0.2015	+0.067%	$4.5M	$3.7M	20x
KuCoin RAVEUSDTM	+0.0282%	4h	0.2009	−0.194%	$2.2M	$7.8M	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0297%	4h	0.2017	+0.179%	$1.6M	$3.0M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RAVE-USDT	+0.0310%	4h	0.2014	+0.030%	—	$2.3M	—	as long as short
Aster RAVEUSDT	+0.0452%	4h	0.2013	+0.001%	$26K	$41K	5x	as long as short
Gate RAVE_USDT	+0.1082%	4h	0.2010	−0.169%	$1.0M	$443K	25x	as long as short