Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0206%/8hnext payment −$1.03 per $10,000 · paid last 24h −0.140%

Price spread now: Bitget against Aster+0.137%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.137% dearer against Aster than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster RAVEUSDT	0.2015	0.0306	pay 0.0153% / 4h	27m 18s	$27K	$42K	5x
Short	Bitget RAVEUSDT	0.2018	0.0100	get 0.0050% / 4h	27m 18s	$2.9M	$623K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$43.2
Price spread: +0.137% → 0.000%: $13.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	2.97 bp	15.1 bp −$15	231.0 bp −$2,310	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin RAVE-USDT	+0.0093%	4h	0.2014	−0.041%	$256K	$17K	20x	as long as short
Binance RAVEUSDT	+0.0100%	4h	0.2016	+0.058%	$4.5M	$3.7M	20x	as long as short
Bybit RAVEUSDT	+0.0100%	4h	0.2014	−0.041%	$2.3M	$856K	25x	as long as short
OKX RAVE-USDT-SWAP	+0.0100%	4h	0.2020	+0.256%	$1.6M	$3.0M	20x	as long as short
Gate RAVE_USDT	+0.0100%	4h	0.2013	−0.091%	$1.0M	$428K	25x	as long as short
MEXC RAVE_USDT	+0.0100%	4h	0.2015	+0.008%	$2.4M	$591K	50x	as long as short
KuCoin RAVEUSDTM	+0.0100%	4h	0.2011	−0.215%	$2.2M	$8.3M	20x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2018	+0.137%	$2.9M	$623K	20x
BingX RAVE-USDT	+0.0100%	4h	0.2019	+0.207%	—	$2.3M	—	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2013	−0.091%	$2K	$2K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX RAVE-USDT	+0.0100%	4h	0.2014	−0.016%	$1K	$635K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2013	−0.086%	$44K	$46K	20x	as long as short
Aster RAVEUSDTlong	+0.0306%	4h	0.2015	long leg	$27K	$42K	5x