Funding you earn now, next payment 04:00 UTC+0.0552%/8h= +60.4% APRnext payment +$2.76 per $10,000 · paid last 24h +0.002%
Price spread now: Gate against KuCoin+0.015%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2792.794% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.015%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Gate is 0.030% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.76 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 | 0.2027 | 0.1226 | pay 0.0613% / 4h | 3h 48m | $2.2M | $8.0M | 20x |
| Short | Gate RAVE_USDT | 0.2027 | 0.1778 | get 0.0889% / 4h | 3h 48m | $1.0M | $454K | 25x |
KuCoin RAVEUSDTM
Gate RAVE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- $115.92
- Price spread: +0.015% → −0.015%
- $3
- Slippage, 4 orders
- −$252.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$160.48
- Costs to cover
- 2.794%
- Break-even
- 16.7 days
Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 3 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, 9 min ago | 6.22 bp | 76.8 bp −$77 | 5019.8 bp −$50.2K | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 7.39 bp | 44.8 bp −$45 | doesn't fit | 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 | 0.2034 | +0.375% | $3.0M | $686K | 20x | as long as short |
| Variational Omni RAVE | +0.0100% | 4h | 0.2027 | +0.024% | $2K | $1K | — | as long as short |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2031 | +0.217% | $1K | $692K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2031 | +0.187% | $45K | $39K | 20x | as long as short |
| Bybit RAVEUSDT | +0.0194% | 4h | 0.2026 | −0.035% | $2.4M | $916K | 25x | as long as short |
| OKX RAVE-USDT-SWAP | +0.0547% | 4h | 0.2031 | +0.212% | $1.6M | $3.0M | 20x | as long as short |
| MEXC RAVE_USDT | +0.0728% | 4h | 0.2029 | +0.113% | $2.4M | $551K | 50x | as long as short |
| Binance RAVEUSDT | +0.0728% | 4h | 0.2030 | +0.143% | $4.6M | $3.7M | 20x | as long as short |
| BloFin RAVE-USDT | +0.0748% | 4h | 0.2030 | +0.163% | $246K | $18K | 20x | as long as short |
| Aster RAVEUSDT | +0.0910% | 4h | 0.2027 | +0.032% | $25K | $43K | 5x | as long as short |
Bitget RAVEUSDT
Variational Omni RAVE
SunX RAVE-USDT
HTX RAVE-USDT
Bybit RAVEUSDT
OKX RAVE-USDT-SWAP
MEXC RAVE_USDT
Binance RAVEUSDT
BloFin RAVE-USDT
Aster RAVEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RAVE-USDT | +0.0912% | 4h | 0.2028 | +0.064% | — | $2.3M | — | as long as short |
| KuCoin RAVEUSDTMlong | +0.1226% | 4h | 0.2027 | long leg | $2.2M | $8.0M | 20x | |
| Gate RAVE_USDTshort | +0.1778% | 4h | 0.2027 | +0.015% | $1.0M | $454K | 25x |
BingX RAVE-USDT