Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0337%/8hnext payment −$1.68 per $10,000 · paid last 24h −0.136%

Price spread now: SunX against Aster−0.189%46s7-day average — · you buy dearer than you sell

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

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.189% cheaper against Aster than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Aster RIVERUSDT	1.2734	0.0437	pay 0.0218% / 4h	6m 27s	$73K	$32K	10x
Short	SunX RIVER-USDT	1.2710	0.0100	get 0.0050% / 4h	6m 27s	$2K	$922K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$70.75
Price spread: −0.189% → 0.000%: −$18.86
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$105.61
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; SunX: live order book, 20 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 Aster no order-book sample	—	—	—	—	—
Sell SunX live order book, 20 min ago	505.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aster: 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	1.2730	−0.032%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2730	−0.032%	$2.0M	$4.0M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2730	−0.032%	$420K	$112K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2720	−0.110%	$2.5M	$2.3M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2720	−0.110%	$3.0M	$2.1M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2730	−0.031%	$37K	$466K	10x	as long as short
SunX RIVER-USDTshort	+0.0100%	4h	1.2710	−0.189%	$2K	$922K	20x
HTX RIVER-USDT	+0.0100%	4h	1.2720	−0.110%	$49K	$96K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0380%	1h	1.2747	+0.100%	$58K	$66K	10x	as long as short
Aster RIVERUSDTlong	+0.0437%	4h	1.2734	long leg	$73K	$32K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0467%	4h	1.2750	+0.126%	$417K	$38K	50x	as long as short
MEXC RIVER_USDT	+0.0468%	4h	1.2720	−0.110%	$3.5M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0470%	4h	1.2730	−0.032%	$6.1M	$10.6M	50x	as long as short
Variational Omni RIVER	+0.0901%	4h	1.2735	+0.007%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1042%	4h	1.2730	−0.032%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1106%	4h	1.2730	−0.032%	$3.8M	$1.7M	25x	as long as short