RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.194%

Price spread now: Bybit against GRVT−0.095%90s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2022.025% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.671%+$67 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.095%, 7d avg +0.025%

Together, before fees+0.672%+ Points / potential airdropGRVT: Active · farm board+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.119% cheaper against GRVT than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.025%). If the spread goes back, that is −$12 on $10k: about 4.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.671% in total) that is about 30 hours. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT RIVER_USDT_Perp	1.2702	0.0100	pay 0.0050% / 4h	2h 31m	$34K	$457K	10x
Short	Bybit RIVERUSDT	1.2690	0.0187	get 0.0093% / 4h	2h 31m	$3.8M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now −0.095%Rate

Funding earned: $18.19
Price spread: −0.095% → +0.025%: −$11.93
Slippage, 4 orders: −$182.49
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$196.24
Costs to cover: 2.025%
Break-even: 82.5 days

Slippage from GRVT: live order book, 16 min ago; Bybit: live order book, 1 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 GRVT live order book, 16 min ago	11.73 bp	40.3 bp −$40	150.6 bp −$1,506	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	7.87 bp	69.6 bp −$70	663.9 bp −$6,639	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	1.2700	−0.016%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	−0.173%	$2.5M	$3.7M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2703	+0.008%	$43K	$4K	—	as long as short
GRVT RIVER_USDT_Perplong	+0.0100%	4h	1.2702	long leg	$34K	$457K	10x
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.252%	$2K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.063%	$49K	$71K	20x	as long as short
Gate RIVER_USDT	+0.0128%	4h	1.2700	−0.016%	$429K	$102K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0158%	4h	1.2690	−0.095%	$2.0M	$4.0M	20x	as long as short
Bybit RIVERUSDTshort	+0.0187%	4h	1.2690	−0.095%	$3.8M	$1.8M	25x
Bitget RIVERUSDT	+0.0264%	4h	1.2690	−0.095%	$3.0M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0353%	4h	1.2690	−0.095%	$399K	$31K	50x	as long as short
BingX RIVER-USDT	+0.0388%	4h	1.2690	−0.095%	—	$6.8M	—	as long as short
Binance RIVERUSDT	+0.0394%	4h	1.2690	−0.095%	$6.1M	$11.6M	50x	as long as short
MEXC RIVER_USDT	+0.0398%	4h	1.2700	−0.016%	$3.7M	$1.6M	50x	as long as short
Aster RIVERUSDT	+0.0619%	4h	1.2700	−0.015%	$71K	$28K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0719%	1h	1.2688	−0.107%	$52K	$80K	10x	as long as short