RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1024%/8h= −112.1% APRnext payment −$5.12 per $10,000 · paid last 24h −0.230%

Price spread now: KuCoin against BingX−0.079%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 on $10k

Price spread, last 7 days+0.161%+$16 · spread now −0.079%, 7d avg −0.079%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$31 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.384% in total (about -20.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RIVER-USDT	1.2620	0.1124	pay 0.0562% / 4h	18m 40s	—	$6.8M	—
Short	KuCoin RIVERUSDTM	1.2610	0.0100	get 0.0050% / 4h	18m 40s	$2.4M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$215.04
Price spread: −0.079% → −0.079%: $0
Slippage, 4 orders: −$108.06
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$345.1
Costs to cover: 1.301%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 3 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 BingX live order book, 4 min ago	11.86 bp	16.9 bp −$17	62.2 bp −$622	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	7.92 bp	31.4 bp −$31	517.6 bp −$5,176	doesn't fit	doesn't fit

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	1.2630	+0.079%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2620	0.000%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTMshort	+0.0100%	4h	1.2610	−0.079%	$2.4M	$2.3M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2630	+0.080%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2590	−0.238%	$1K	$989K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2680	+0.475%	$48K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0194%	4h	1.2620	0.000%	$423K	$113K	20x	as long as short
Bitget RIVERUSDT	+0.0272%	4h	1.2620	0.000%	$3.0M	$1.9M	20x	as long as short
Aster RIVERUSDT	+0.0565%	4h	1.2632	+0.093%	$72K	$31K	10x	as long as short
Binance RIVERUSDT	+0.0641%	4h	1.2630	+0.079%	$6.1M	$10.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0644%	4h	1.2620	0.000%	$3.7M	$1.5M	50x	as long as short
BloFin RIVER-USDT	+0.0664%	4h	1.2640	+0.158%	$417K	$33K	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.0727%	1h	1.2633	+0.100%	$57K	$74K	10x	as long as short
Variational Omni RIVER	+0.0808%	4h	1.2643	+0.185%	$42K	$20K	—	as long as short
BingX RIVER-USDTlong	+0.1124%	4h	1.2620	long leg	—	$6.8M	—
Bybit RIVERUSDT	+0.1184%	4h	1.2630	+0.079%	$3.8M	$1.7M	25x	as long as short