RAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0392%/8h= −42.9% APRnext payment −$1.96 per $10,000 · paid last 24h −0.174%

Price spread now: Bitget against OKX+0.234%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$950.945% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.372%−$37 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.234%, 7d avg +0.178%

Together, before fees−0.415%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.056% dearer against OKX than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.178%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.372% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAVE-USDT-SWAP	0.2009	0.0492	pay 0.0246% / 4h	22m 04s	$1.6M	$2.9M	20x
Short	Bitget RAVEUSDT	0.2014	0.0100	get 0.0050% / 4h	22m 04s	$2.9M	$676K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.234%Rate

Funding earned: −$82.33
Price spread: +0.234% → +0.178%: $5.62
Slippage, 4 orders: −$72.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$171.22
Costs to cover: 0.945%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, just now.

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 OKX live order book, 5 min ago	2.48 bp	20.4 bp −$20	121.9 bp −$1,219	doesn't fit	doesn't fit
Sell Bitget live order book, just now	5.46 bp	26.6 bp −$27	224.2 bp −$2,242	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	0.2005	−0.194%	$2.4M	$899K	25x	as long as short
Bitget RAVEUSDTshort	+0.0100%	4h	0.2014	+0.234%	$2.9M	$676K	20x
Variational Omni RAVE	+0.0100%	4h	0.2008	−0.061%	$2K	$1K	—	as long as short
SunX RAVE-USDT	+0.0100%	4h	0.2008	−0.070%	$1K	$676K	20x	as long as short
HTX RAVE-USDT	+0.0100%	4h	0.2007	−0.080%	$44K	$41K	20x	as long as short
OKX RAVE-USDT-SWAPlong	+0.0492%	4h	0.2009	long leg	$1.6M	$2.9M	20x
BingX RAVE-USDT	+0.0608%	4h	0.2009	0.000%	—	$2.3M	—	as long as short
MEXC RAVE_USDT	+0.0620%	4h	0.2007	−0.100%	$2.4M	$559K	50x	as long as short
Binance RAVEUSDT	+0.0620%	4h	0.2008	−0.050%	$4.5M	$3.7M	20x	as long as short
BloFin RAVE-USDT	+0.0660%	4h	0.2005	−0.199%	$248K	$18K	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	+0.0789%	4h	0.2006	−0.163%	$25K	$42K	5x	as long as short
KuCoin RAVEUSDTM	+0.1052%	4h	0.2001	−0.408%	$2.2M	$8.0M	20x	as long as short
Gate RAVE_USDT	+0.1434%	4h	0.2002	−0.348%	$1.0M	$457K	25x	as long as short