Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.064%

Price spread now: Bitget against SunX+0.357%7-day average +0.277% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$3043.037% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.357%, 7d avg +0.277%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.080% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.277%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RAVE-USDT	0.2017	0.0100	pay 0.0050% / 4h	32m 03s	$1K	$674K	20x
Short	Bitget RAVEUSDT	0.2024	0.0100	get 0.0050% / 4h	32m 03s	$3.0M	$668K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.357%Rate

Funding earned: $0
Price spread: +0.357% → +0.277%: $7.99
Slippage, 4 orders: −$283.68
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$295.69
Costs to cover: 3.037%
Break-even: never at this rate

Slippage from SunX: live order book, 29 min ago; Bitget: live order book, just now.

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, 29 min ago	52.14 bp	137.1 bp −$137	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	4.45 bp	29.1 bp −$29	248.2 bp −$2,482	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	0.2015	−0.084%	$2.4M	$899K	25x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2024	+0.357%	$3.0M	$668K	20x
Variational Omni RAVE	+0.0100%	4h	0.2017	+0.003%	$2K	$1K	—	as long as short
SunX RAVE-USDTlong	+0.0100%	4h	0.2017	long leg	$1K	$674K	20x
HTX RAVE-USDT	+0.0100%	4h	0.2016	−0.010%	$44K	$41K	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0535%	4h	0.2018	+0.064%	$1.6M	$2.9M	20x	as long as short
BingX RAVE-USDT	+0.0640%	4h	0.2018	+0.064%	—	$2.3M	—	as long as short
Binance RAVEUSDT	+0.0660%	4h	0.2016	−0.035%	$4.5M	$3.7M	20x	as long as short
MEXC RAVE_USDT	+0.0664%	4h	0.2016	−0.035%	$2.4M	$557K	50x	as long as short
BloFin RAVE-USDT	+0.0694%	4h	0.2017	+0.015%	$248K	$18K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0852%	4h	0.2016	−0.027%	$25K	$42K	5x	as long as short
KuCoin RAVEUSDTM	+0.1148%	4h	0.2010	−0.327%	$2.2M	$7.9M	20x	as long as short
Gate RAVE_USDT	+0.1490%	4h	0.2012	−0.233%	$1.0M	$455K	25x	as long as short