Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.096%

Price spread now: SunX against Variational Omni+0.825%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 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: SunX is 0.825% dearer against Variational Omni than usual: you sell high and buy low, +$82 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	0.1974	0.0100	pay 0.0050% / 4h	3h 22m	$2K	$1K	—
Short	SunX RAVE-USDT	0.1990	0.0100	get 0.0050% / 4h	3h 22m	$1K	$862K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.825%Rate

Funding earned: $0
Price spread: +0.825% → 0.000%: $82.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $74.49
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; SunX: live order book, 20 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 SunX live order book, 20 min ago	31.70 bp	106.7 bp −$107	doesn't fit	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 RAVEUSDT	+0.0100%	4h	0.1984	+0.511%	$2.4M	$901K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.1993	+0.972%	$2.9M	$846K	20x	as long as short
Variational Omni RAVElong	+0.0100%	4h	0.1974	long leg	$2K	$1K	—
SunX RAVE-USDTshort	+0.0100%	4h	0.1990	+0.825%	$1K	$862K	20x
HTX RAVE-USDT	+0.0100%	4h	0.1983	+0.475%	$43K	$35K	20x	as long as short
BloFin RAVE-USDT	+0.0221%	4h	0.1984	+0.501%	$242K	$14K	20x	as long as short
MEXC RAVE_USDT	+0.0232%	4h	0.1988	+0.703%	$2.3M	$461K	50x	as long as short
Binance RAVEUSDT	+0.0232%	4h	0.1990	+0.793%	$4.5M	$3.9M	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0353%	4h	0.1991	+0.855%	$1.6M	$3.0M	20x	as long as short
BingX RAVE-USDT	+0.0370%	4h	0.1985	+0.551%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTM	+0.0652%	4h	0.1981	+0.344%	$2.1M	$8.4M	20x	as long as short
Aster RAVEUSDT	+0.0692%	4h	0.1988	+0.684%	$24K	$45K	5x	as long as short
Gate RAVE_USDT	+0.0984%	4h	0.1984	+0.501%	$998K	$546K	25x	as long as short