Funding arb · Price arb /

RVN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Gate against OKX−0.643%7-day average −0.336% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,079as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,144as in the Price arb table

costs, in and out, $10k−$1,11311.129% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.336%+$34 on $10k

Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.643%, 7d avg −0.336%

Together, before fees+0.800%+$80 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.307% cheaper against OKX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.336%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RVN-USDT-SWAP	0.002332	0.0100	pay 0.0050% / 4h	2h 37m	$406K	$730K	20x
Short	Gate RVN_USDT	0.002317	0.0100	get 0.0100% / 8h	2h 37m	$169K	$35K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.643%Rate

Funding earned: $0
Price spread: −0.643% → −0.336%: −$30.74
Slippage, 4 orders: −$1,087.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,143.63
Costs to cover: 11.129%
Break-even: never at this rate

Slippage from OKX: live order book, 9 min ago; Gate: live order book, 4 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 OKX live order book, 9 min ago	4.28 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	30.15 bp	604.7 bp −$605	doesn't fit	doesn't fit	doesn't fit

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	−0.0720%	4h	0.002344	+0.515%	$1.4M	$146K	30x	as long as short
BingX RVN-USDT	+0.0036%	4h	0.002328	−0.172%	—	$1.2M	—	as long as short
Binance RVNUSDT	+0.0100%	4h	0.002330	−0.078%	$2.1M	$4.2M	50x	as long as short
Bybit RVNUSDT	+0.0100%	4h	0.002333	+0.043%	$1.0M	$671K	25x	as long as short
OKX RVN-USDT-SWAPlong	+0.0100%	4h	0.002332	long leg	$406K	$730K	20x
Gate RVN_USDTshort	+0.0100%	8h	0.002317	−0.643%	$169K	$35K	50x
MEXC RVN_USDT	+0.0100%	4h	0.002332	0.000%	$1.0M	$285K	125x	as long as short
Bitget RVNUSDT	+0.0100%	4h	0.002329	−0.129%	$347K	$202K	50x	as long as short
Variational Omni RVN	+0.0100%	4h	0.002339	+0.305%	$22K	$13K	—	as long as short
BloFin RVN-USDT	+0.0147%	4h	0.002329	−0.129%	$107K	$8K	75x	as long as short