Funding you earn now, next payment 04:00 UTC−0.0736%/8h= −80.6% APRnext payment −$3.68 per $10,000 · paid last 24h −0.103%
Price spread now: Bitget against MEXC+0.358%7-day average +0.214% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$740.741% of the position
Funding, last 7 days−0.296%−$30 on $10k
+Price spread, last 7 days−0.333%−$33 · spread now +0.358%, 7d avg +0.214%
=The price spread pays, funding is against you. Bitget is 0.144% dearer against MEXC than usual: you sell high and buy low (spread +0.358% now, against its 7-day average of +0.214%): +$14 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.296% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.68 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 | MEXC RAVE_USDT | 0.2009 | 0.0836 | pay 0.0418% / 4h | 1h 55m | $2.4M | $542K | 50x |
| Short | Bitget RAVEUSDT | 0.2016 | 0.0100 | get 0.0050% / 4h | 1h 55m | $2.9M | $785K | 20x |
MEXC RAVE_USDT
Bitget RAVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- −$154.56
- Price spread: +0.358% → +0.214%
- $14.45
- Slippage, 4 orders
- −$62.13
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$214.25
- Costs to cover
- 0.741%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 2 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 MEXC live order book, 1 min ago | 2.48 bp | 11.5 bp −$11 | 90.0 bp −$900 | 318.3 bp −$31.8K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 6.21 bp | 27.4 bp −$27 | 302.2 bp −$3,022 | 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 | 0.2016 | +0.358% | $2.9M | $785K | 20x | |
| SunX RAVE-USDT | +0.0100% | 4h | 0.2016 | +0.353% | $1K | $757K | 20x | as long as short |
| HTX RAVE-USDT | +0.0100% | 4h | 0.2009 | −0.025% | $44K | $36K | 20x | as long as short |
| Variational Omni RAVE | +0.0501% | 4h | 0.2012 | +0.158% | $2K | $1K | — | as long as short |
| MEXC RAVE_USDTlong | +0.0836% | 4h | 0.2009 | long leg | $2.4M | $542K | 50x | |
| Binance RAVEUSDT | +0.0862% | 4h | 0.2009 | 0.000% | $4.5M | $3.9M | 20x | as long as short |
| OKX RAVE-USDT-SWAP | +0.1125% | 4h | 0.2012 | +0.149% | $1.6M | $3.1M | 20x | as long as short |
| Gate RAVE_USDT | +0.1254% | 4h | 0.2006 | −0.149% | $1.0M | $493K | 25x | as long as short |
| Aster RAVEUSDT | +0.1300% | 4h | 0.2006 | −0.149% | $26K | $46K | 5x | as long as short |
| BingX RAVE-USDT | +0.1378% | 4h | 0.2012 | +0.149% | — | $2.3M | — | as long as short |
SunX RAVE-USDT
HTX RAVE-USDT
Variational Omni RAVE
Binance RAVEUSDT
OKX RAVE-USDT-SWAP
Gate RAVE_USDT
Aster RAVEUSDT
BingX RAVE-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit RAVEUSDT | +0.1559% | 4h | 0.2007 | −0.100% | $2.4M | $932K | 25x | as long as short |
| KuCoin RAVEUSDTM | +0.1578% | 4h | 0.2004 | −0.264% | $2.2M | $8.2M | 20x | as long as short |
Bybit RAVEUSDT
KuCoin RAVEUSDTM