Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.132%

Price spread now: SunX against Variational Omni+0.135%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 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: SunX is 0.135% dearer against Variational Omni than usual: you sell high and buy low, +$13 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	Variational Omni RIVER	1.2813	0.0100	pay 0.0050% / 4h	3h 13m	$43K	$4K	—
Short	SunX RIVER-USDT	1.2830	0.0100	get 0.0050% / 4h	3h 13m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → 0.000%: $13.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.46
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; SunX: live order book, 10 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell SunX live order book, 10 min ago	503.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	1.2850	+0.291%	$42K	$14K	3x	as long as short
Bybit RIVERUSDT	+0.0100%	4h	1.2830	+0.135%	$3.9M	$1.8M	25x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2820	+0.057%	$2.5M	$3.5M	50x	as long as short
Variational Omni RIVERlong	+0.0100%	4h	1.2813	long leg	$43K	$4K	—
SunX RIVER-USDTshort	+0.0100%	4h	1.2830	+0.135%	$1K	$1.1M	20x
HTX RIVER-USDT	+0.0100%	4h	1.2860	+0.369%	$50K	$71K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0138%	4h	1.2819	+0.051%	$30K	$459K	10x	as long as short
OKX RIVER-USDT-SWAP	+0.0229%	4h	1.2850	+0.291%	$2.1M	$4.0M	20x	as long as short
Gate RIVER_USDT	+0.0404%	4h	1.2820	+0.057%	$433K	$104K	20x	as long as short
Bitget RIVERUSDT	+0.0458%	4h	1.2830	+0.135%	$3.1M	$2.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RIVER-USDT	+0.0462%	4h	1.2840	+0.213%	—	$6.8M	—	as long as short
Binance RIVERUSDT	+0.0463%	4h	1.2840	+0.213%	$6.2M	$11.4M	50x	as long as short
MEXC RIVER_USDT	+0.0464%	4h	1.2840	+0.213%	$3.7M	$1.6M	50x	as long as short
BloFin RIVER-USDT	+0.0488%	4h	1.2810	−0.022%	$405K	$31K	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.0612%	1h	1.2836	+0.182%	$57K	$67K	10x	as long as short
Aster RIVERUSDT	+0.0786%	4h	1.2830	+0.135%	$72K	$28K	10x	as long as short