RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.029%

Price spread now: KuCoin against OKX−0.157%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1121.115% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 7 days+0.199%+$20 · spread now −0.157%, 7d avg −0.064%

Together, before fees+0.359%+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.093% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.064%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RIVER-USDT-SWAP	1.2720	0.0154	pay 0.0077% / 4h	2h 23m	$2.1M	$3.8M	20x
Short	KuCoin RIVERUSDTM	1.2700	0.0100	get 0.0050% / 4h	2h 23m	$2.5M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$11.42
Price spread: −0.157% → −0.064%: −$9.29
Slippage, 4 orders: −$89.53
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$132.24
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 8 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	19.6 bp −$20	134.2 bp −$1,342	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	7.85 bp	32.0 bp −$32	542.4 bp −$5,424	doesn't fit	doesn't fit

RIVER on 15 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	1.2720	0.000%	$41K	$17K	3x	as long as short
KuCoin RIVERUSDTMshort	+0.0100%	4h	1.2700	−0.157%	$2.5M	$2.7M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2710	−0.079%	$33K	$435K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2700	−0.157%	$1K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2750	+0.236%	$48K	$93K	20x	as long as short
OKX RIVER-USDT-SWAPlong	+0.0154%	4h	1.2720	long leg	$2.1M	$3.8M	20x
Variational Omni RIVER	+0.0261%	4h	1.2748	+0.219%	$43K	$20K	—	as long as short
Gate RIVER_USDT	+0.0290%	4h	1.2710	−0.079%	$429K	$102K	20x	as long as short
Bitget RIVERUSDT	+0.0316%	4h	1.2710	−0.079%	$3.0M	$2.0M	20x	as long as short
MEXC RIVER_USDT	+0.0500%	4h	1.2720	0.000%	$3.8M	$1.6M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0501%	4h	1.2720	0.000%	$6.1M	$10.8M	50x	as long as short
Aster RIVERUSDT	+0.0783%	4h	1.2719	−0.009%	$73K	$29K	10x	as long as short
Bybit RIVERUSDT	+0.0871%	4h	1.2710	−0.079%	$3.8M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0884%	4h	1.2720	0.000%	—	$6.8M	—	as long as short
Kraken Futures PF_RIVERUSD	+0.1259%	1h	1.2706	−0.108%	$57K	$70K	10x	as long as short