RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0523%/8h= −57.3% APRnext payment −$2.62 per $10,000 · paid last 24h −0.181%

Price spread now: BloFin against KuCoin+0.258%65s7-day average +0.203% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2282.279% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.885%−$88 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.258%, 7d avg +0.203%

Together, before fees−1.034%−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.055% dearer against KuCoin than usual: you sell high and buy low (spread +0.258% now, against its 7-day average of +0.203%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RAVEUSDTM	0.2015	0.1190	pay 0.0595% / 4h	36m 11s	$2.2M	$7.9M	20x
Short	BloFin RAVE-USDT	0.2020	0.0667	get 0.0333% / 4h	36m 11s	$249K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.258%Rate

Funding earned: −$109.86
Price spread: +0.258% → +0.203%: $5.53
Slippage, 4 orders: −$203.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$332.23
Costs to cover: 2.279%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 35 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, 2 min ago	5.95 bp	62.7 bp −$63	4896.0 bp −$49.0K	doesn't fit	doesn't fit
Sell BloFin live order book, 35 min ago	2.48 bp	30.6 bp −$31	93.0 bp −$930	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	0.2017	+0.109%	$2.4M	$899K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2024	+0.472%	$3.0M	$668K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2017	+0.098%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2018	+0.144%	$1K	$674K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2020	+0.238%	$44K	$41K	20x	as long as short
OKX RAVE-USDT-SWAP	+0.0551%	4h	0.2020	+0.258%	$1.6M	$3.0M	20x	as long as short
BingX RAVE-USDT	+0.0658%	4h	0.2020	+0.258%	—	$2.3M	—	as long as short
BloFin RAVE-USDTshort	+0.0667%	4h	0.2020	+0.258%	$249K	$18K	20x
MEXC RAVE_USDT	+0.0670%	4h	0.2018	+0.159%	$2.4M	$557K	50x	as long as short
Binance RAVEUSDT	+0.0676%	4h	0.2017	+0.109%	$4.5M	$3.7M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0868%	4h	0.2019	+0.201%	$25K	$42K	5x	as long as short
KuCoin RAVEUSDTMlong	+0.1190%	4h	0.2015	long leg	$2.2M	$7.9M	20x
Gate RAVE_USDT	+0.1502%	4h	0.2015	+0.010%	$1.0M	$455K	25x	as long as short