RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1486%/8h= +162.8% APRnext payment +$7.43 per $10,000 · paid last 24h +0.178%

Price spread now: Bybit against OKX0.000%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1281.280% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.436%+$44 on $10k

Price spread, last 7 days−0.013%−$1 · spread now 0.000%, 7d avg −0.010%

Together, before fees+0.422%+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$45 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 0.436% in total (about 22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.43 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 51m	$2.1M	$3.7M	20x
Short	Bybit RIVERUSDT	1.2690	0.1586	get 0.0793% / 4h	1h 51m	$3.8M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $312.14
Price spread: 0.000% → −0.010%: $0.98
Slippage, 4 orders: −$107
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $185.12
Costs to cover: 1.280%
Break-even: 2.8 days

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	3.94 bp	15.9 bp −$16	109.3 bp −$1,093	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	7.87 bp	49.4 bp −$49	543.4 bp −$5,434	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	+0.0252%	4h	1.2690	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0304%	4h	1.2710	+0.158%	$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
Binance RIVERUSDT	+0.0640%	4h	1.2695	+0.037%	$6.1M	$10.2M	50x	as long as short
Aster RIVERUSDT	+0.0643%	4h	1.2693	+0.025%	$73K	$29K	10x	as long as short
MEXC RIVER_USDT	+0.0648%	4h	1.2680	−0.079%	$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	+0.1551%	4h	1.2700	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDTshort	+0.1586%	4h	1.2690	0.000%	$3.8M	$1.7M	25x