Funding arb · Price arb /

RVN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.043%

Price spread now: BingX against Gate+0.129%7-day average +0.397% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,089as in the Price arb table

costs, in and out, $10k−$1,06210.624% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.754%−$75 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now +0.129%, 7d avg +0.397%

Together, before fees−0.435%−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BingX is 0.268% cheaper against Gate than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.397%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RVN_USDT	0.002320	0.0100	pay 0.0100% / 8h	7h 39m	$173K	$40K	50x
Short	BingX RVN-USDT	0.002323	−0.0344	pay 0.0172% / 4h	3h 39m	—	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$93.24
Price spread: +0.129% → +0.397%: −$26.77
Slippage, 4 orders: −$1,037.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,182.44
Costs to cover: 10.624%
Break-even: never at this rate

Slippage from Gate: live order book, 51 min ago; BingX: live order book, 5 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 Gate live order book, 51 min ago	41.13 bp	430.9 bp −$431	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.44 bp	26.0 bp −$26	65.7 bp −$657	424.6 bp −$42.5K	523.8 bp −$261.9K

RVN on 10 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
KuCoin RVNUSDTM	−0.0686%	4h	0.002333	+0.560%	$1.4M	$165K	30x	as long as short
BingX RVN-USDTshort	−0.0344%	4h	0.002323	+0.129%	—	$1.2M	—
Bitget RVNUSDT	−0.0320%	4h	0.002321	+0.043%	$357K	$227K	50x	as long as short
Binance RVNUSDT	+0.0100%	4h	0.002321	+0.064%	$2.1M	$4.8M	50x	as long as short
Bybit RVNUSDT	+0.0100%	4h	0.002326	+0.259%	$1.1M	$929K	25x	as long as short
OKX RVN-USDT-SWAP	+0.0100%	4h	0.002320	0.000%	$406K	$838K	20x	as long as short
Gate RVN_USDTlong	+0.0100%	8h	0.002320	long leg	$173K	$40K	50x
MEXC RVN_USDT	+0.0100%	4h	0.002322	+0.086%	$1.1M	$310K	125x	as long as short
Variational Omni RVN	+0.0100%	4h	0.002326	+0.264%	$17K	$17K	—	as long as short
BloFin RVN-USDT	+0.0149%	4h	0.002322	+0.086%	$105K	$11K	75x	as long as short