Funding you earn now, next payment 08:00 UTC−0.0225%/8h= −24.6% APRnext payment −$1.13 per $10,000 · paid last 24h −0.139%
Price spread now: Bitget against Binance+0.350%7-day average +0.212% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1251.245% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 7 days−0.262%−$26 · spread now +0.350%, 7d avg +0.212%
=The price spread pays, funding is against you. Bitget is 0.138% dearer against Binance than usual: you sell high and buy low (spread +0.350% now, against its 7-day average of +0.212%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RAVEUSDT | 0.1999 | 0.0325 | pay 0.0163% / 4h | 38m 02s | $4.5M | $3.9M | 20x |
| Short | Bitget RAVEUSDT | 0.2006 | 0.0100 | get 0.0050% / 4h | 38m 02s | $2.9M | $858K | 20x |
Binance RAVEUSDT
Bitget RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$47.27
- Price spread: +0.350% → +0.212%
- $13.8
- Slippage, 4 orders
- −$102.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$157.99
- Costs to cover
- 1.245%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago | 2.49 bp | 35.2 bp −$35 | 328.3 bp −$3,283 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.20 bp | 30.5 bp −$30 | doesn't fit | 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 | 0.1997 | −0.100% | $2.4M | $934K | 25x | as long as short |
| Bitget RAVEUSDTshort | +0.0100% | 4h | 0.2006 | +0.350% | $2.9M | $858K | 20x | |
| Variational Omni RAVE | +0.0100% | 4h | 0.2003 | +0.206% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2000 | +0.040% | $1K | $838K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2007 | +0.385% | $44K | $36K | 20x | as long as short |
| BloFin RAVE-USDT | +0.0273% | 4h | 0.2000 | +0.050% | $241K | $18K | 20x | as long as short |
| Binance RAVEUSDTlong | +0.0325% | 4h | 0.1999 | long leg | $4.5M | $3.9M | 20x | |
| MEXC RAVE_USDT | +0.0328% | 4h | 0.1999 | 0.000% | $2.3M | $473K | 50x | as long as short |
| BingX RAVE-USDT | +0.0596% | 4h | 0.2003 | +0.200% | — | $2.3M | — | as long as short |
| OKX RAVE-USDT-SWAP | +0.0614% | 4h | 0.2001 | +0.100% | $1.5M | $3.0M | 20x | as long as short |
Bybit RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
BloFin RAVE-USDT
MEXC RAVE_USDT
BingX RAVE-USDT
OKX RAVE-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster RAVEUSDT | +0.0872% | 4h | 0.1997 | −0.089% | $22K | $45K | 5x | as long as short |
| KuCoin RAVEUSDTM | +0.0958% | 4h | 0.1995 | −0.190% | $2.2M | $8.4M | 20x | as long as short |
| Gate RAVE_USDT | +0.1050% | 4h | 0.1995 | −0.200% | $1.0M | $555K | 25x | as long as short |
Aster RAVEUSDT
KuCoin RAVEUSDTM
Gate RAVE_USDT