Funding you earn now, next payment 04:00 UTC−0.1108%/8h= −121.3% APRnext payment −$5.54 per $10,000 · paid last 24h −0.077%
Price spread now: OKX against Gate+0.246%7-day average +0.348% · you sell dearer than you buy
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1411.411% of the position
Funding, last 7 days−0.811%−$81 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.246%, 7d avg +0.348%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and OKX is 0.102% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.348%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate RAVE_USDT | 0.2035 | 0.1712 | pay 0.0856% / 4h | 3h 04m | $1.0M | $469K | 25x |
| Short | OKX RAVE-USDT-SWAP | 0.2040 | 0.0604 | get 0.0302% / 4h | 3h 04m | $1.6M | $3.0M | 20x |
Gate RAVE_USDT
OKX RAVE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$232.58
- Price spread: +0.246% → +0.348%
- −$10.2
- Slippage, 4 orders
- −$116.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$383.84
- Costs to cover
- 1.411%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 7.36 bp | 48.3 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.44 bp | 29.0 bp −$29 | 161.2 bp −$1,612 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget RAVEUSDT | +0.0100% | 4h | 0.2046 | +0.550% | $3.0M | $716K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2039 | +0.203% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2041 | +0.270% | $1K | $708K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2041 | +0.270% | $45K | $37K | 20x | as long as short |
| Bybit RAVEUSDT | +0.0597% | 4h | 0.2037 | +0.084% | $2.4M | $889K | 25x | as long as short |
| OKX RAVE-USDT-SWAPshort | +0.0604% | 4h | 0.2040 | +0.246% | $1.6M | $3.0M | 20x | |
| BingX RAVE-USDT | +0.0686% | 4h | 0.2048 | +0.639% | — | $2.3M | — | as long as short |
| Binance RAVEUSDT | +0.0712% | 4h | 0.2039 | +0.189% | $4.6M | $3.7M | 20x | as long as short |
| BloFin RAVE-USDT | +0.0718% | 4h | 0.2041 | +0.295% | $249K | $19K | 20x | as long as short |
| MEXC RAVE_USDT | +0.0724% | 4h | 0.2040 | +0.246% | $2.4M | $560K | 50x | as long as short |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
Bybit RAVEUSDT
BingX RAVE-USDT
Binance RAVEUSDT
BloFin RAVE-USDT
MEXC RAVE_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0986% | 4h | 0.2039 | +0.178% | $25K | $42K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.1114% | 4h | 0.2038 | +0.147% | $2.2M | $8.0M | 20x | as long as short |
| Gate RAVE_USDTlong | +0.1712% | 4h | 0.2035 | long leg | $1.0M | $469K | 25x |
Aster RAVEUSDT
KuCoin RAVEUSDTM