Settings8H · net · $10k
Funding arb · Price arb /

RVN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0233%/8h= +25.5% APRnext payment +$1.16 per $10,000 · paid last 24h +0.003%
Price spread now: OKX against Bybit−0.088%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1931.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.088%, 7d avg −0.118%
Together, before fees+0.175%+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.118%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RVNUSDT0.002282−0.0133get 0.0066% / 4h50m 44s$1.1M$894K25x
ShortOKX RVN-USDT-SWAP0.0022800.0100get 0.0050% / 4h50m 44s$397K$770K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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

Funding earned
$48.86
Price spread: −0.088% → −0.118%
$3.03
Slippage, 4 orders
−$171.5
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$140.6
Costs to cover
1.925%
Break-even
27.1 days
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago6.55 bp55.2 bp −$55442.6 bp −$4,426doesn't fitdoesn't fit
Sell OKX live order book, 53 min ago4.34 bp39.4 bp −$39doesn't fitdoesn't fitdoesn't fit

RVN on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin RVNUSDTM−0.0874%4h0.002284+0.088%$1.4M$142K30xas long as short
BingX RVN-USDT−0.0144%4h0.002279−0.131%$1.2Mas long as short
Bitget RVNUSDT−0.0136%4h0.002279−0.131%$346K$195K50xas long as short
Bybit RVNUSDTlong−0.0133%4h0.002282long leg$1.1M$894K25x
Gate RVN_USDT+0.0039%8h0.002270−0.526%$160K$43K50xas long as short
Binance RVNUSDT+0.0100%4h0.002277−0.209%$2.2M$4.5M50xas long as short
OKX RVN-USDT-SWAPshort+0.0100%4h0.002280−0.088%$397K$770K20x
MEXC RVN_USDT+0.0100%4h0.002277−0.219%$1.1M$322K125xas long as short
Variational Omni RVN+0.0100%4h0.002289+0.324%$18K$9Kas long as short
BloFin RVN-USDT+0.0139%4h0.002277−0.219%$106K$11K75xas long as short