RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0402%/8h= −44.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.112%

Price spread now: KuCoin against Bitget0.000%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1321.321% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 7 days−0.014%−$1 · spread now 0.000%, 7d avg −0.025%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.025% dearer against Bitget than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.025%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.185% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.185% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 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	Bitget RIVERUSDT	1.2660	0.0502	pay 0.0251% / 4h	28m 31s	$3.0M	$2.0M	20x
Short	KuCoin RIVERUSDTM	1.2660	0.0100	get 0.0050% / 4h	28m 31s	$2.5M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$84.42
Price spread: 0.000% → −0.025%: $2.47
Slippage, 4 orders: −$108.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$214.07
Costs to cover: 1.321%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 4 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 Bitget live order book, 4 min ago	3.97 bp	21.3 bp −$21	414.8 bp −$4,148	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	11.89 bp	40.3 bp −$40	529.3 bp −$5,293	doesn't fit	doesn't fit

RIVER on 16 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
Lighter RIVER	+0.0096%	1h	1.2660	0.000%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTMshort	+0.0100%	4h	1.2660	0.000%	$2.5M	$3.2M	50x
Variational Omni RIVER	+0.0100%	4h	1.2633	−0.215%	$42K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2652	−0.066%	$33K	$462K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2650	−0.079%	$2K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2670	+0.079%	$47K	$66K	20x	as long as short
Gate RIVER_USDT	+0.0202%	4h	1.2670	+0.079%	$427K	$103K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0207%	4h	1.2660	0.000%	$2.0M	$3.9M	20x	as long as short
Bybit RIVERUSDT	+0.0319%	4h	1.2670	+0.079%	$3.8M	$1.8M	25x	as long as short
MEXC RIVER_USDT	+0.0392%	4h	1.2660	0.000%	$3.7M	$1.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0396%	4h	1.2667	+0.055%	$6.0M	$11.2M	50x	as long as short
BloFin RIVER-USDT	+0.0414%	4h	1.2650	−0.079%	$416K	$32K	50x	as long as short
BingX RIVER-USDT	+0.0478%	4h	1.2670	+0.079%	—	$6.8M	—	as long as short
Bitget RIVERUSDTlong	+0.0502%	4h	1.2660	long leg	$3.0M	$2.0M	20x
Kraken Futures PF_RIVERUSD	+0.0638%	1h	1.2669	+0.075%	$57K	$70K	10x	as long as short
Aster RIVERUSDT	+0.0842%	4h	1.2647	−0.105%	$72K	$28K	10x	as long as short