Funding you earn now, next payment 08:00 UTC+0.0290%/8h= +31.7% APRnext payment +$1.45 per $10,000 · paid last 24h +0.153%
Price spread now: BloFin against KuCoin+0.079%7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2002.002% of the position
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now +0.079%, 7d avg +0.175%
=Funding pays, the price is against you. BloFin is 0.096% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.175%). If the spread goes back, that is −$10 on $10k: about 27 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.125% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 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 | 1.2670 | 0.0100 | pay 0.0050% / 4h | 1h 06m | $2.5M | $4.0M | 50x |
| Short | BloFin RIVER-USDT | 1.2680 | 0.0390 | get 0.0195% / 4h | 1h 06m | $392K | $31K | 50x |
KuCoin RIVERUSDTM
BloFin RIVER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $60.85
- Price spread: +0.079% → +0.175%
- −$9.63
- Slippage, 4 orders
- −$176.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$148.96
- Costs to cover
- 2.002%
- Break-even
- 24.1 days
Slippage from KuCoin: live order book, 1 min ago; BloFin: live order book, 14 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, 1 min ago | 7.89 bp | 115.0 bp −$115 | 1091.1 bp −$10.9K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 3.92 bp | 25.7 bp −$26 | 46.0 bp −$460 | 287.1 bp −$28.7K | 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 | −0.0719% | 1h | 1.2686 | +0.125% | $53K | $88K | 10x | as long as short |
| Lighter RIVER | +0.0096% | 1h | 1.2680 | +0.079% | $41K | $14K | 3x | as long as short |
| KuCoin RIVERUSDTMlong | +0.0100% | 4h | 1.2670 | long leg | $2.5M | $4.0M | 50x | |
| Variational Omni RIVER | +0.0100% | 4h | 1.2698 | +0.218% | $43K | $3K | — | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2700 | +0.237% | $27K | $466K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2660 | −0.079% | $1K | $1.2M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2730 | +0.474% | $49K | $71K | 20x | as long as short |
| Gate RIVER_USDT | +0.0168% | 4h | 1.2690 | +0.158% | $427K | $103K | 20x | as long as short |
| Bybit RIVERUSDT | +0.0200% | 4h | 1.2670 | 0.000% | $3.9M | $1.7M | 25x | as long as short |
| Bitget RIVERUSDT | +0.0202% | 4h | 1.2670 | 0.000% | $3.0M | $2.4M | 20x | as long as short |
Kraken Futures PF_RIVERUSD
Lighter RIVER
Variational Omni RIVER
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Gate RIVER_USDT
Bybit RIVERUSDT
Bitget RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX RIVER-USDT-SWAP | +0.0207% | 4h | 1.2700 | +0.237% | $2.1M | $4.1M | 20x | as long as short |
| BloFin RIVER-USDTshort | +0.0390% | 4h | 1.2680 | +0.079% | $392K | $31K | 50x | |
| BingX RIVER-USDT | +0.0418% | 4h | 1.2690 | +0.158% | — | $6.8M | — | as long as short |
| MEXC RIVER_USDT | +0.0442% | 4h | 1.2680 | +0.079% | $3.7M | $1.7M | 50x | as long as short |
| Binance RIVERUSDT | +0.0443% | 4h | 1.2682 | +0.092% | $6.1M | $12.0M | 50x | as long as short |
| Aster RIVERUSDT | +0.0553% | 4h | 1.2682 | +0.099% | $71K | $28K | 10x | as long as short |
OKX RIVER-USDT-SWAP
BingX RIVER-USDT
MEXC RIVER_USDT
Binance RIVERUSDT
Aster RIVERUSDT