RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0536%/8h= −58.7% APRnext payment −$2.68 per $10,000 · paid last 24h −0.119%

Price spread now: OKX against MEXC0.000%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 7 days−0.041%−$4 · spread now 0.000%, 7d avg +0.004%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.68 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	1.2680	0.0636	pay 0.0318% / 4h	1h 09m	$3.7M	$1.5M	50x
Short	OKX RIVER-USDT-SWAP	1.2680	0.0100	get 0.0050% / 4h	1h 09m	$2.0M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$112.56
Price spread: 0.000% → +0.004%: −$0.4
Slippage, 4 orders: −$43.08
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$166.05
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; OKX: 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 MEXC live order book, 3 min ago	3.95 bp	11.5 bp −$12	28.6 bp −$286	209.1 bp −$20.9K	576.4 bp −$288.2K
Sell OKX live order book, 3 min ago	3.95 bp	19.2 bp −$19	91.8 bp −$918	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	1.2680	0.000%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAPshort	+0.0100%	4h	1.2680	0.000%	$2.0M	$3.8M	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2660	−0.158%	$2.4M	$2.1M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2660	−0.158%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2640	−0.315%	$1K	$962K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2690	+0.079%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0216%	4h	1.2680	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0392%	4h	1.2660	−0.158%	$421K	$109K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0562%	1h	1.2670	−0.076%	$58K	$62K	10x	as long as short
Aster RIVERUSDT	+0.0563%	4h	1.2656	−0.191%	$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
BloFin RIVER-USDT	+0.0599%	4h	1.2660	−0.158%	$418K	$33K	50x	as long as short
MEXC RIVER_USDTlong	+0.0636%	4h	1.2680	long leg	$3.7M	$1.5M	50x
Binance RIVERUSDT	+0.0637%	4h	1.2690	+0.079%	$6.1M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1124%	4h	1.2658	−0.171%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1412%	4h	1.2690	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1495%	4h	1.2680	0.000%	$3.8M	$1.7M	25x	as long as short