RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0513%/8h= −56.2% APRnext payment −$2.56 per $10,000 · paid last 24h −0.154%

Price spread now: Binance against KuCoin+0.230%7-day average +0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$371as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2842.841% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.867%−$87 on $10k

Price spread, last 7 days−0.213%−$21 · spread now +0.230%, 7d avg +0.143%

Together, before fees−1.081%−$108 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.088% dearer against KuCoin than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.143%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RAVEUSDTM	0.1997	0.1180	pay 0.0590% / 4h	2h 17m	$2.2M	$8.1M	20x
Short	Binance RAVEUSDT	0.2002	0.0667	get 0.0334% / 4h	2h 17m	$4.5M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.230%Rate

Funding earned: −$107.71
Price spread: +0.230% → +0.143%: $8.78
Slippage, 4 orders: −$262.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$382.99
Costs to cover: 2.841%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Binance: 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, 1 min ago	5.50 bp	92.7 bp −$93	5330.8 bp −$53.3K	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.49 bp	34.2 bp −$34	172.9 bp −$1,729	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 RAVEUSDT	+0.0100%	4h	0.2008	+0.541%	$2.9M	$794K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2002	+0.237%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2004	+0.320%	$1K	$762K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2009	+0.601%	$44K	$36K	20x	as long as short
Bybit RAVEUSDT	+0.0617%	4h	0.1999	+0.105%	$2.4M	$939K	25x	as long as short
Binance RAVEUSDTshort	+0.0667%	4h	0.2002	+0.230%	$4.5M	$3.9M	20x
MEXC RAVE_USDT	+0.0670%	4h	0.2001	+0.180%	$2.4M	$562K	50x	as long as short
BingX RAVE-USDT	+0.0754%	4h	0.2004	+0.330%	—	$2.3M	—	as long as short
OKX RAVE-USDT-SWAP	+0.0802%	4h	0.2004	+0.330%	$1.6M	$3.2M	20x	as long as short
Aster RAVEUSDT	+0.1044%	4h	0.1999	+0.095%	$26K	$45K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin RAVEUSDTMlong	+0.1180%	4h	0.1997	long leg	$2.2M	$8.1M	20x
Gate RAVE_USDT	+0.1200%	4h	0.2000	+0.130%	$1.0M	$501K	25x	as long as short