RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0944%/8h= −103.4% APRnext payment −$4.72 per $10,000 · paid last 24h −0.324%

Price spread now: Bitget against KuCoin+0.309%7-day average +0.362% · you sell dearer than you buy

Net, funding: paid 7d − costs−$415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$2942.943% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.208%−$121 on $10k

Price spread, last 7 days−0.197%−$20 · spread now +0.309%, 7d avg +0.362%

Together, before fees−1.405%−$140 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Bitget is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.362%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RAVEUSDTM	0.2003	0.1044	pay 0.0522% / 4h	1h 17m	$2.2M	$8.3M	20x
Short	Bitget RAVEUSDT	0.2009	0.0100	get 0.0050% / 4h	1h 17m	$2.9M	$866K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.309%Rate

Funding earned: −$198.24
Price spread: +0.309% → +0.362%: −$5.21
Slippage, 4 orders: −$270.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$497.74
Costs to cover: 2.943%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bitget: 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 KuCoin live order book, 10 min ago	6.29 bp	112.2 bp −$112	5612.9 bp −$56.1K	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.95 bp	26.1 bp −$26	321.9 bp −$3,219	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
Bybit RAVEUSDT	+0.0100%	4h	0.2000	−0.145%	$2.4M	$959K	25x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2009	+0.309%	$2.9M	$866K	20x
Variational Omni RAVE	+0.0100%	4h	0.2003	−0.032%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2005	+0.085%	$2K	$839K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.1999	−0.225%	$44K	$37K	20x	as long as short
Binance RAVEUSDT	+0.0394%	4h	0.2004	+0.028%	$4.5M	$3.9M	20x	as long as short
MEXC RAVE_USDT	+0.0404%	4h	0.2004	+0.035%	$2.3M	$480K	50x	as long as short
BloFin RAVE-USDT	+0.0451%	4h	0.2007	+0.185%	$241K	$18K	20x	as long as short
BingX RAVE-USDT	+0.0678%	4h	0.2008	+0.235%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0694%	4h	0.2007	+0.185%	$1.5M	$3.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0970%	4h	0.2005	+0.075%	$23K	$46K	5x	as long as short
KuCoin RAVEUSDTMlong	+0.1044%	4h	0.2003	long leg	$2.2M	$8.3M	20x
Gate RAVE_USDT	+0.1056%	4h	0.2003	−0.015%	$1.0M	$565K	25x	as long as short