RAVE arbitrage explained
Right now RaveDAO (RAVE) trades on 10 venues we scan: 10 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1785 and the highest bid on HTX perp at $0.1793.
The widest RAVE perpetual spread is between Bybit and HTX: long RAVE on Bybit at $0.1785 and short on HTX at $0.1793 for +0.46% gross, or +0.30% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.097% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RAVE route is to buy spot on KuCoin and short the perpetual on HTX: +0.18% gross, -0.02% net, with +0.127% a day of funding on the short leg.
Spot–spot RAVE arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows -0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small RAVE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: RAVE funding rates · RAVE spread charts · RaveDAO price · arbitrage scanner for all coins.