RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0627%/8h= −68.7% APRnext payment −$3.14 per $10,000 · paid last 24h −0.199%

Price spread now: Bybit against KuCoin−0.025%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$313as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2742.743% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.390%−$39 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.025%, 7d avg +0.025%

Together, before fees−0.367%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.050% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.390% in total (about -20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.14 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	KuCoin RAVEUSDTM	0.2024	0.1084	pay 0.0542% / 4h	3h 00m	$2.2M	$8.0M	20x
Short	Bybit RAVEUSDT	0.2024	0.0457	get 0.0228% / 4h	3h 00m	$2.4M	$891K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$131.73
Price spread: −0.025% → +0.025%: −$4.96
Slippage, 4 orders: −$251.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$410.99
Costs to cover: 2.743%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: 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 KuCoin live order book, 2 min ago	5.43 bp	60.0 bp −$60	4990.3 bp −$49.9K	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.47 bp	33.5 bp −$33	206.4 bp −$2,064	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
Bitget RAVEUSDT	+0.0100%	4h	0.2030	+0.272%	$3.0M	$717K	20x	as long as short
Variational Omni RAVE	+0.0100%	4h	0.2024	−0.027%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2029	+0.217%	$2K	$709K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2026	+0.064%	$45K	$37K	20x	as long as short
Bybit RAVEUSDTshort	+0.0457%	4h	0.2024	−0.025%	$2.4M	$891K	25x
OKX RAVE-USDT-SWAP	+0.0595%	4h	0.2026	+0.089%	$1.6M	$3.0M	20x	as long as short
BloFin RAVE-USDT	+0.0674%	4h	0.2028	+0.188%	$249K	$19K	20x	as long as short
BingX RAVE-USDT	+0.0686%	4h	0.2026	+0.089%	—	$2.3M	—	as long as short
Binance RAVEUSDT	+0.0694%	4h	0.2023	−0.059%	$4.6M	$3.7M	20x	as long as short
MEXC RAVE_USDT	+0.0700%	4h	0.2024	−0.010%	$2.4M	$560K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0975%	4h	0.2026	+0.065%	$25K	$42K	5x	as long as short
KuCoin RAVEUSDTMlong	+0.1084%	4h	0.2024	long leg	$2.2M	$8.0M	20x
Gate RAVE_USDT	+0.1588%	4h	0.2021	−0.158%	$1.0M	$471K	25x	as long as short