RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0546%/8h= −59.8% APRnext payment −$2.73 per $10,000 · paid last 24h −0.147%

Price spread now: KuCoin against MEXC0.000%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.096%+$10 · spread now 0.000%, 7d avg −0.055%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.055% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.055%): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.009% in total) that is about 41 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.73 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	MEXC RIVER_USDT	1.2620	0.0646	pay 0.0323% / 4h	1h 29m	$3.7M	$1.5M	50x
Short	KuCoin RIVERUSDTM	1.2620	0.0100	get 0.0050% / 4h	1h 29m	$2.4M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$114.66
Price spread: 0.000% → −0.055%: $5.45
Slippage, 4 orders: −$69.99
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$191.2
Costs to cover: 0.820%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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 MEXC live order book, 2 min ago	3.95 bp	6.0 bp −$6	29.2 bp −$292	218.2 bp −$21.8K	704.6 bp −$352.3K
Sell KuCoin live order book, 2 min ago	7.92 bp	28.0 bp −$28	496.1 bp −$4,961	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	1.2620	0.000%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2610	−0.079%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTMshort	+0.0100%	4h	1.2620	0.000%	$2.4M	$2.0M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2683	+0.495%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2580	−0.317%	$2K	$953K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2660	+0.317%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0216%	4h	1.2620	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0370%	4h	1.2600	−0.158%	$418K	$107K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0563%	1h	1.2649	+0.230%	$57K	$63K	10x	as long as short
Aster RIVERUSDT	+0.0601%	4h	1.2614	−0.048%	$72K	$29K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0639%	4h	1.2620	0.000%	$6.0M	$10.2M	50x	as long as short
MEXC RIVER_USDTlong	+0.0646%	4h	1.2620	long leg	$3.7M	$1.5M	50x
BloFin RIVER-USDT	+0.0675%	4h	1.2650	+0.238%	$421K	$33K	50x	as long as short
Variational Omni RIVER	+0.1160%	4h	1.2633	+0.106%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1484%	4h	1.2620	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1526%	4h	1.2610	−0.079%	$3.8M	$1.7M	25x	as long as short