Funding arb · Price arb /

RIVER

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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 0.000%

Price spread now: Gate against HTX−0.158%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.158% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	HTX RIVER-USDT	1.2670	0.0100	pay 0.0050% / 4h	3h 15m	$48K	$96K	20x
Short	Gate RIVER_USDT	1.2650	0.0100	get 0.0050% / 4h	3h 15m	$419K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → 0.000%: −$15.79
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.79
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Gate: live order book, 9 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Gate live order book, 9 min ago	7.90 bp	456.7 bp −$457	doesn't fit	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.2665	−0.039%	$57K	$64K	10x	as long as short
Lighter RIVER	+0.0096%	1h	1.2650	−0.158%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2640	−0.237%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDTshort	+0.0100%	4h	1.2650	−0.158%	$419K	$109K	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2630	−0.316%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2640	−0.237%	$3.0M	$1.9M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2662	−0.062%	$35K	$454K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2640	−0.237%	$2K	$928K	20x	as long as short
HTX RIVER-USDTlong	+0.0100%	4h	1.2670	long leg	$48K	$96K	20x
Aster RIVERUSDT	+0.0436%	4h	1.2649	−0.168%	$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
BloFin RIVER-USDT	+0.0473%	4h	1.2640	−0.237%	$407K	$35K	50x	as long as short
MEXC RIVER_USDT	+0.0502%	4h	1.2640	−0.237%	$3.6M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0504%	4h	1.2646	−0.190%	$6.0M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1128%	4h	1.2665	−0.038%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1780%	4h	1.2640	−0.237%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1816%	4h	1.2650	−0.158%	$3.8M	$1.7M	25x	as long as short