Funding arb · Price arb /

RIVN

RWAall RIVN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h +0.012%

Price spread now: tradeXYZ against OKX−0.245%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$281as in the Price arb table

costs, in and out, $10k−$2592.595% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.245%, 7d avg −0.033%

Together, before fees+0.040%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.212% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RIVN-USDT-SWAP	15.510	0	get 0.0000% / 8h	4h 53m	$150K	$51K	20x
Short	tradeXYZ xyz:RIVN	15.472	−0.0204	pay 0.0025% / 1h	53m 20s	$446K	$416K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.245%Rate

Funding earned: −$42.78
Price spread: −0.245% → −0.033%: −$21.15
Slippage, 4 orders: −$231.49
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$323.42
Costs to cover: 2.595%
Break-even: never at this rate

Slippage from OKX: live order book, 49 min ago; tradeXYZ: live order book, 46 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, 49 min ago	12.95 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 46 min ago	5.19 bp	25.3 bp −$25	63.7 bp −$637	doesn't fit	doesn't fit

RIVN on 12 exchanges

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
tradeXYZ xyz:RIVNshort	−0.0204%	1h	15.472	−0.245%	$446K	$416K	10x
Aster RIVNUSDT	0.0000%	8h	15.484	−0.166%	$9K	$675	20x	as long as short
Binance RIVNUSDT	0.0000%	8h	15.490	−0.129%	$398K	$341K	20x	as long as short
Bybit RIVNUSDT	0.0000%	8h	15.490	−0.129%	$111K	$22K	25x	as long as short
OKX RIVN-USDT-SWAPlong	0.0000%	8h	15.510	long leg	$150K	$51K	20x
Gate RIVN_USDT	0.0000%	8h	15.484	−0.168%	$336K	$8K	20x	as long as short
Variational Omni RIVN	0.0000%	8h	15.465	−0.290%	$72K	$18K	—	as long as short
SunX RIVN-USDT	0.0000%	8h	15.450	−0.387%	$1K	$714K	10x	as long as short
HTX RIVN-USDT	0.0000%	8h	15.480	−0.193%	$5K	$3K	10x	as long as short
Injective RIVN/USDC PERP	+0.0033%	1h	15.430	−0.516%	$23K	$28K	5.5x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest RIVN-USD-PERP	+0.0046%	1h	15.480	−0.193%	—	—	10x	as long as short
KuCoin RIVNUSDTM	+0.0542%	8h	15.500	−0.064%	$109K	$175K	20x	as long as short