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 +0.025%

Price spread now: Bybit against Variational Omni−0.088%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.088% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RAVE	0.2017	0.0100	pay 0.0050% / 4h	32m 17s	$2K	$1K	—
Short	Bybit RAVEUSDT	0.2015	0.0100	get 0.0050% / 4h	32m 17s	$2.4M	$899K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → 0.000%: −$8.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.77
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	4.96 bp	52.3 bp −$52	190.9 bp −$1,909	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 RAVEUSDTshort	+0.0100%	4h	0.2015	−0.088%	$2.4M	$899K	25x
Bitget RAVEUSDT	+0.0100%	4h	0.2024	+0.359%	$3.0M	$668K	20x	as long as short
Variational Omni RAVElong	+0.0100%	4h	0.2017	long leg	$2K	$1K	—
SunX RAVE-USDT	+0.0100%	4h	0.2017	−0.003%	$1K	$674K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2016	−0.013%	$44K	$41K	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0535%	4h	0.2018	+0.061%	$1.6M	$2.9M	20x	as long as short
BingX RAVE-USDT	+0.0640%	4h	0.2018	+0.061%	—	$2.3M	—	as long as short
Binance RAVEUSDT	+0.0660%	4h	0.2016	−0.038%	$4.5M	$3.7M	20x	as long as short
MEXC RAVE_USDT	+0.0664%	4h	0.2016	−0.038%	$2.4M	$557K	50x	as long as short
BloFin RAVE-USDT	+0.0694%	4h	0.2017	+0.011%	$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	−0.031%	$25K	$42K	5x	as long as short
KuCoin RAVEUSDTM	+0.1148%	4h	0.2010	−0.331%	$2.2M	$7.9M	20x	as long as short
Gate RAVE_USDT	+0.1490%	4h	0.2012	−0.236%	$1.0M	$455K	25x	as long as short