RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1275%/8h= +139.6% APRnext payment +$6.37 per $10,000 · paid last 24h +0.071%

Price spread now: Bybit against SunX−0.205%56s7-day average −0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs−$262as 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−$3543.545% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.930%+$93 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.205%, 7d avg −0.188%

Together, before fees+1.028%+$103 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.188%, so right now this pair is about funding alone: +$38 a day on $10k at the current rate. The two prices were read 56 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	0.2002	0.0100	pay 0.0050% / 4h	29m 23s	$2K	$773K	20x
Short	Bybit RAVEUSDT	0.1998	0.1375	get 0.0687% / 4h	29m 23s	$2.4M	$937K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.205%Rate

Funding earned: $267.71
Price spread: −0.205% → −0.188%: −$1.7
Slippage, 4 orders: −$335.49
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.47
Costs to cover: 3.545%
Break-even: 9.3 days

Slippage from SunX: live order book, 63 min ago; Bybit: live order book, 3 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, 63 min ago	31.90 bp	103.1 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.50 bp	64.9 bp −$65	248.8 bp −$2,488	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
Bitget RAVEUSDT	+0.0100%	4h	0.2000	−0.115%	$2.9M	$801K	20x	as long as short
SunX RAVE-USDTlong	+0.0100%	4h	0.2002	long leg	$2K	$773K	20x
HTX RAVE-USDT	+0.0100%	4h	0.2003	+0.020%	$44K	$34K	20x	as long as short
Variational Omni RAVE	+0.0941%	4h	0.1998	−0.197%	$2K	$1K	—	as long as short
MEXC RAVE_USDT	+0.1016%	4h	0.2002	−0.005%	$2.4M	$526K	50x	as long as short
Binance RAVEUSDT	+0.1017%	4h	0.2003	+0.045%	$4.5M	$3.8M	20x	as long as short
BloFin RAVE-USDT	+0.1024%	4h	0.1996	−0.305%	$244K	$18K	20x	as long as short
Bybit RAVEUSDTshort	+0.1375%	4h	0.1998	−0.205%	$2.4M	$937K	25x
Gate RAVE_USDT	+0.1430%	4h	0.2000	−0.105%	$1.0M	$514K	25x	as long as short
BingX RAVE-USDT	+0.1434%	4h	0.2004	+0.095%	—	$2.3M	—	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-SWAP	+0.1511%	4h	0.2007	+0.245%	$1.5M	$3.0M	20x	as long as short
Aster RAVEUSDT	+0.1682%	4h	0.1999	−0.174%	$26K	$44K	5x	as long as short
KuCoin RAVEUSDTM	+0.1836%	4h	0.1998	−0.200%	$2.2M	$8.1M	20x	as long as short