Funding arb · Price arb /

RIVER

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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 +0.162%

Price spread now: Variational Omni against SunX+0.181%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.181% dearer against SunX than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX RIVER-USDT	1.2660	0.0100	pay 0.0050% / 4h	54m 52s	$2K	$1.1M	20x
Short	Variational Omni RIVER	1.2683	0.0100	get 0.0050% / 4h	54m 52s	$42K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.181%Rate

Funding earned: $0
Price spread: +0.181% → 0.000%: $18.09
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.09
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 SunX live order book, 8 min ago	502.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.158%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2670	+0.079%	$2.5M	$3.0M	50x	as long as short
Variational Omni RIVERshort	+0.0100%	4h	1.2683	+0.181%	$42K	$20K	—
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2678	+0.139%	$29K	$452K	10x	as long as short
SunX RIVER-USDTlong	+0.0100%	4h	1.2660	long leg	$2K	$1.1M	20x
HTX RIVER-USDT	+0.0100%	4h	1.2670	+0.079%	$47K	$67K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0226%	4h	1.2670	+0.079%	$2.1M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0286%	4h	1.2680	+0.158%	$428K	$102K	20x	as long as short
Bybit RIVERUSDT	+0.0347%	4h	1.2680	+0.158%	$3.8M	$1.7M	25x	as long as short
MEXC RIVER_USDT	+0.0378%	4h	1.2680	+0.158%	$3.7M	$1.6M	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	+0.0394%	4h	1.2690	+0.237%	$6.1M	$11.0M	50x	as long as short
BloFin RIVER-USDT	+0.0430%	4h	1.2700	+0.316%	$430K	$32K	50x	as long as short
BingX RIVER-USDT	+0.0538%	4h	1.2680	+0.158%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0558%	4h	1.2680	+0.158%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0638%	1h	1.2672	+0.096%	$57K	$70K	10x	as long as short
Aster RIVERUSDT	+0.0834%	4h	1.2686	+0.204%	$73K	$29K	10x	as long as short