Funding you earn now, next payment 04:00 UTC−0.1157%/8h= −126.7% APRnext payment −$5.79 per $10,000 · paid last 24h −0.058%
Price spread now: Bitget against Bybit+0.269%7-day average +0.322% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2122.120% of the position
Funding, last 7 days−0.772%−$77 on $10k
+Price spread, last 7 days−0.216%−$22 · spread now +0.269%, 7d avg +0.322%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Bitget is 0.053% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.322%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.772% in total (about -40.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RAVEUSDT | 0.2008 | 0.1257 | pay 0.0629% / 4h | 2h 01m | $2.4M | $933K | 25x |
| Short | Bitget RAVEUSDT | 0.2013 | 0.0100 | get 0.0050% / 4h | 2h 01m | $2.9M | $786K | 20x |
Bybit RAVEUSDT
Bitget RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$243
- Price spread: +0.269% → +0.322%
- −$5.34
- Slippage, 4 orders
- −$189.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$460.37
- Costs to cover
- 2.120%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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 Bybit live order book, 1 min ago | 2.49 bp | 84.1 bp −$84 | 243.5 bp −$2,435 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 8.18 bp | 26.3 bp −$26 | 305.6 bp −$3,056 | doesn't fit | doesn't fit |
RAVE on 12 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 RAVEUSDTshort | +0.0100% | 4h | 0.2013 | +0.269% | $2.9M | $786K | 20x | |
| Variational Omni RAVE | +0.0100% | 4h | 0.2007 | −0.042% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2015 | +0.369% | $1K | $759K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2011 | +0.174% | $44K | $36K | 20x | as long as short |
| MEXC RAVE_USDT | +0.0758% | 4h | 0.2010 | +0.100% | $2.4M | $565K | 50x | as long as short |
| Binance RAVEUSDT | +0.0760% | 4h | 0.2011 | +0.149% | $4.5M | $3.9M | 20x | as long as short |
| BingX RAVE-USDT | +0.0926% | 4h | 0.2013 | +0.249% | — | $2.3M | — | as long as short |
| OKX RAVE-USDT-SWAP | +0.1010% | 4h | 0.2014 | +0.299% | $1.6M | $3.1M | 20x | as long as short |
| Aster RAVEUSDT | +0.1199% | 4h | 0.2006 | −0.100% | $26K | $46K | 5x | as long as short |
| Gate RAVE_USDT | +0.1248% | 4h | 0.2007 | −0.050% | $1.0M | $506K | 25x | as long as short |
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
MEXC RAVE_USDT
Binance RAVEUSDT
BingX RAVE-USDT
OKX RAVE-USDT-SWAP
Aster RAVEUSDT
Gate RAVE_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit RAVEUSDTlong | +0.1257% | 4h | 0.2008 | long leg | $2.4M | $933K | 25x | |
| KuCoin RAVEUSDTM | +0.1418% | 4h | 0.2006 | −0.080% | $2.2M | $8.2M | 20x | as long as short |
KuCoin RAVEUSDTM