Funding arb · Price arb /

RIVER

all RIVER markets

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 −0.049%

Price spread now: GRVT against OKX−0.391%71s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$611as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5925.920% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)+0.339%+$34 · spread now −0.391%, 7d avg −0.039%

Together, before fees+0.146%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.352% cheaper against OKX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RIVER-USDT-SWAP	1.2790	0.0100	pay 0.0050% / 4h	3h 18m	$2.1M	$3.8M	20x
Short	GRVT RIVER_USDT_Perp	1.2740	0.0100	get 0.0050% / 4h	3h 18m	$35K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.391%Rate

Funding earned: $0
Price spread: −0.391% → −0.039%: −$35.22
Slippage, 4 orders: −$572.99
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$627.21
Costs to cover: 5.920%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; GRVT: live order book, 54 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, 4 min ago	3.93 bp	24.4 bp −$24	121.3 bp −$1,213	doesn't fit	doesn't fit
Sell GRVT live order book, 54 min ago	55.51 bp	60.0 bp −$60	doesn't fit	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	1.2770	−0.156%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAPlong	+0.0100%	4h	1.2790	long leg	$2.1M	$3.8M	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2760	−0.235%	$2.5M	$2.4M	50x	as long as short
GRVT RIVER_USDT_Perpshort	+0.0100%	4h	1.2740	−0.391%	$35K	$437K	10x
SunX RIVER-USDT	+0.0100%	4h	1.2780	−0.078%	$2K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2770	−0.156%	$49K	$94K	20x	as long as short
Bitget RIVERUSDT	+0.0218%	4h	1.2760	−0.235%	$3.0M	$1.9M	20x	as long as short
Variational Omni RIVER	+0.0308%	4h	1.2753	−0.290%	$43K	$20K	—	as long as short
Gate RIVER_USDT	+0.0380%	4h	1.2760	−0.235%	$429K	$112K	20x	as long as short
MEXC RIVER_USDT	+0.0542%	4h	1.2760	−0.235%	$3.8M	$1.5M	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	+0.0550%	4h	1.2770	−0.160%	$6.2M	$10.5M	50x	as long as short
BloFin RIVER-USDT	+0.0551%	4h	1.2750	−0.313%	$421K	$33K	50x	as long as short
Aster RIVERUSDT	+0.0657%	4h	1.2773	−0.131%	$73K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0783%	1h	1.2804	+0.110%	$58K	$71K	10x	as long as short
BingX RIVER-USDT	+0.0988%	4h	1.2790	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1009%	4h	1.2780	−0.078%	$3.8M	$1.7M	25x	as long as short