Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.162%

Price spread now: Variational Omni against KuCoin−0.215%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.215% cheaper against KuCoin than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin RIVERUSDTM	1.2660	0.0100	pay 0.0050% / 4h	27m 14s	$2.5M	$3.2M	50x
Short	Variational Omni RIVER	1.2633	0.0100	get 0.0050% / 4h	27m 14s	$42K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.215%Rate

Funding earned: $0
Price spread: −0.215% → 0.000%: −$21.49
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: no order-book sample. 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 KuCoin live order book, 5 min ago	11.89 bp	50.4 bp −$50	971.7 bp −$9,717	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Lighter RIVER	+0.0096%	1h	1.2670	+0.079%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2660	long leg	$2.5M	$3.2M	50x
Variational Omni RIVERshort	+0.0100%	4h	1.2633	−0.215%	$42K	$20K	—
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2652	−0.066%	$33K	$462K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2640	−0.158%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2680	+0.158%	$47K	$66K	20x	as long as short
Gate RIVER_USDT	+0.0200%	4h	1.2680	+0.158%	$428K	$103K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0207%	4h	1.2670	+0.079%	$2.0M	$3.9M	20x	as long as short
Bybit RIVERUSDT	+0.0321%	4h	1.2660	0.000%	$3.8M	$1.8M	25x	as long as short
MEXC RIVER_USDT	+0.0396%	4h	1.2660	0.000%	$3.7M	$1.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0396%	4h	1.2674	+0.113%	$6.0M	$11.2M	50x	as long as short
BloFin RIVER-USDT	+0.0409%	4h	1.2660	0.000%	$416K	$32K	50x	as long as short
BingX RIVER-USDT	+0.0480%	4h	1.2660	0.000%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0496%	4h	1.2660	0.000%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0638%	1h	1.2666	+0.047%	$57K	$70K	10x	as long as short
Aster RIVERUSDT	+0.0839%	4h	1.2647	−0.106%	$72K	$28K	10x	as long as short