RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0539%/8h= +59.0% APRnext payment +$2.69 per $10,000 · paid last 24h +0.119%

Price spread now: Binance against OKX+0.079%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.079%, 7d avg +0.030%

Together, before fees+0.158%+$16 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 0.049% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.209% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.69 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	OKX RIVER-USDT-SWAP	1.2690	0.0100	pay 0.0050% / 4h	1h 50m	$2.1M	$3.7M	20x
Short	Binance RIVERUSDT	1.2700	0.0639	get 0.0319% / 4h	1h 50m	$6.1M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.079%Rate

Funding earned: $113.18
Price spread: +0.079% → +0.030%: $4.92
Slippage, 4 orders: −$42.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $55.29
Costs to cover: 0.628%
Break-even: 3.6 days

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 4 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 OKX live order book, 2 min ago	3.94 bp	15.9 bp −$16	109.3 bp −$1,093	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	3.93 bp	14.9 bp −$15	57.1 bp −$571	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	1.2690	0.000%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAPlong	+0.0100%	4h	1.2690	long leg	$2.1M	$3.7M	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	−0.079%	$2.5M	$2.0M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2660	−0.236%	$2K	$946K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2740	+0.394%	$49K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0142%	4h	1.2726	+0.280%	$32K	$429K	10x	as long as short
Bitget RIVERUSDT	+0.0254%	4h	1.2690	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0310%	4h	1.2700	+0.079%	$421K	$106K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0560%	1h	1.2706	+0.124%	$56K	$61K	10x	as long as short
BloFin RIVER-USDT	+0.0627%	4h	1.2730	+0.315%	$416K	$33K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDT	+0.0639%	4h	1.2691	+0.010%	$73K	$29K	10x	as long as short
Binance RIVERUSDTshort	+0.0639%	4h	1.2700	+0.079%	$6.1M	$10.2M	50x
MEXC RIVER_USDT	+0.0640%	4h	1.2690	0.000%	$3.7M	$1.5M	50x	as long as short
Variational Omni RIVER	+0.1171%	4h	1.2724	+0.267%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1548%	4h	1.2700	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1579%	4h	1.2700	+0.079%	$3.8M	$1.7M	25x	as long as short