Funding you earn now, next payment 08:00 UTC+0.0810%/8h= +88.7% APRnext payment +$4.05 per $10,000 · paid last 24h +0.324%
Price spread now: KuCoin against Bitget−0.546%7-day average −0.362% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2452.454% of the position
Funding, last 7 days+1.208%+$121 on $10k
+Price spread, last 7 days+0.433%+$43 · spread now −0.546%, 7d avg −0.362%
=Funding pays, the price is against you. KuCoin is 0.184% cheaper against Bitget than usual: you would sell low and buy high (spread −0.546% now, against its 7-day average of −0.362%). If the spread goes back, that is −$18 on $10k: about 18 hours of funding at the current rate (+$24 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RAVEUSDT | 0.1996 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $2.9M | $870K | 20x |
| Short | KuCoin RAVEUSDTM | 0.1985 | 0.0910 | get 0.0455% / 4h | 1h 28m | $2.1M | $8.3M | 20x |
Bitget RAVEUSDT
KuCoin RAVEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- $170.1
- Price spread: −0.546% → −0.362%
- −$18.45
- Slippage, 4 orders
- −$221.36
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$93.7
- Costs to cover
- 2.454%
- Break-even
- 10.9 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 10 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 Bitget live order book, 4 min ago | 10.78 bp | 31.6 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 6.53 bp | 90.8 bp −$91 | 891.5 bp −$8,915 | 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 | 0.1988 | −0.401% | $2.4M | $961K | 25x | as long as short |
| Bitget RAVEUSDTlong | +0.0100% | 4h | 0.1996 | long leg | $2.9M | $870K | 20x | |
| Variational Omni RAVE | +0.0100% | 4h | 0.1986 | −0.498% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.1991 | −0.276% | $1K | $837K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.1991 | −0.230% | $43K | $37K | 20x | as long as short |
| BloFin RAVE-USDT | +0.0387% | 4h | 0.1990 | −0.306% | $241K | $18K | 20x | as long as short |
| Binance RAVEUSDT | +0.0420% | 4h | 0.1990 | −0.321% | $4.5M | $3.9M | 20x | as long as short |
| MEXC RAVE_USDT | +0.0426% | 4h | 0.1989 | −0.356% | $2.3M | $478K | 50x | as long as short |
| BingX RAVE-USDT | +0.0682% | 4h | 0.1995 | −0.055% | — | $2.3M | — | as long as short |
| OKX RAVE-USDT-SWAP | +0.0699% | 4h | 0.1990 | −0.306% | $1.5M | $3.1M | 20x | as long as short |
Bybit RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
BloFin RAVE-USDT
Binance RAVEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RAVEUSDTMshort | +0.0910% | 4h | 0.1985 | −0.546% | $2.1M | $8.3M | 20x | |
| Gate RAVE_USDT | +0.0958% | 4h | 0.1987 | −0.456% | $1.0M | $563K | 25x | as long as short |
| Aster RAVEUSDT | +0.0980% | 4h | 0.1991 | −0.260% | $22K | $46K | 5x | as long as short |
Gate RAVE_USDT
Aster RAVEUSDT