Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.118%

Price spread now: Bitget against Gate−0.079%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,917as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,973as in the Price arb table

costs, in and out, $10k−$1,96919.688% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.514%+$51 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.079%, 7d avg −0.038%

Together, before fees+0.435%+$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RIVER_USDT	1.2640	0.0100	pay 0.0050% / 4h	3h 05m	$419K	$109K	20x
Short	Bitget RIVERUSDT	1.2630	0.0100	get 0.0050% / 4h	3h 05m	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.038%: −$4.13
Slippage, 4 orders: −$1,941.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,972.94
Costs to cover: 19.688%
Break-even: never at this rate

Slippage from Gate: live order book, 19 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 Gate live order book, 19 min ago	7.90 bp	1473.5 bp −$1,474	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.96 bp	22.2 bp −$22	221.9 bp −$2,219	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
Kraken Futures PF_RIVERUSD	−0.0082%	1h	1.2644	+0.035%	$57K	$64K	10x	as long as short
Lighter RIVER	+0.0096%	1h	1.2630	−0.079%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2620	−0.158%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDTlong	+0.0100%	4h	1.2640	long leg	$419K	$109K	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	−0.158%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDTshort	+0.0100%	4h	1.2630	−0.079%	$3.0M	$1.9M	20x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2639	−0.006%	$34K	$454K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2610	−0.237%	$1K	$934K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2660	+0.158%	$48K	$96K	20x	as long as short
Aster RIVERUSDT	+0.0445%	4h	1.2636	−0.029%	$73K	$31K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0499%	4h	1.2630	−0.079%	$6.0M	$10.4M	50x	as long as short
BloFin RIVER-USDT	+0.0500%	4h	1.2660	+0.158%	$413K	$35K	50x	as long as short
MEXC RIVER_USDT	+0.0500%	4h	1.2620	−0.158%	$3.5M	$1.5M	50x	as long as short
Variational Omni RIVER	+0.1129%	4h	1.2605	−0.273%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1550%	4h	1.2620	−0.158%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1690%	4h	1.2630	−0.079%	$3.8M	$1.7M	25x	as long as short