RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0545%/8h= +59.6% APRnext payment +$2.72 per $10,000 · paid last 24h +0.147%

Price spread now: Binance against KuCoin+0.158%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$950.955% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.268%−$27 · spread now +0.158%, 7d avg +0.088%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.070% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.088%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.72 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	KuCoin RIVERUSDTM	1.2630	0.0100	pay 0.0050% / 4h	1h 21m	$2.4M	$2.0M	50x
Short	Binance RIVERUSDT	1.2650	0.0645	get 0.0322% / 4h	1h 21m	$6.0M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.158%Rate

Funding earned: $114.37
Price spread: +0.158% → +0.088%: $7.02
Slippage, 4 orders: −$73.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $25.92
Costs to cover: 0.955%
Break-even: 5.4 days

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 3 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 KuCoin live order book, 5 min ago	7.91 bp	40.4 bp −$40	848.4 bp −$8,484	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	3.94 bp	17.0 bp −$17	49.6 bp −$496	1258.2 bp −$125.8K	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	1.2650	+0.158%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2630	0.000%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2630	long leg	$2.4M	$2.0M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2670	+0.317%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2620	−0.079%	$1K	$956K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2660	+0.238%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0198%	4h	1.2620	−0.079%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0386%	4h	1.2630	0.000%	$419K	$108K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0561%	1h	1.2677	+0.371%	$58K	$63K	10x	as long as short
Aster RIVERUSDT	+0.0589%	4h	1.2645	+0.121%	$73K	$29K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0644%	4h	1.2640	+0.079%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDTshort	+0.0645%	4h	1.2650	+0.158%	$6.0M	$10.3M	50x
BloFin RIVER-USDT	+0.0694%	4h	1.2680	+0.396%	$422K	$33K	50x	as long as short
Variational Omni RIVER	+0.1180%	4h	1.2653	+0.185%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1510%	4h	1.2650	+0.158%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1541%	4h	1.2640	+0.079%	$3.8M	$1.7M	25x	as long as short