RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0333%/8h= +36.4% APRnext payment +$1.66 per $10,000 · paid last 24h +0.161%

Price spread now: BloFin against KuCoin+0.471%50s7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$980.977% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.485%+$48 · spread now +0.471%, 7d avg +0.184%

Together, before fees+0.570%+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.286% dearer against KuCoin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.184%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.66 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	KuCoin RIVERUSDTM	1.2750	0.0100	pay 0.0050% / 4h	1h 28m	$2.5M	$2.9M	50x
Short	BloFin RIVER-USDT	1.2810	0.0433	get 0.0216% / 4h	1h 28m	$429K	$33K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.471%Rate

Funding earned: $69.88
Price spread: +0.471% → +0.184%: $28.61
Slippage, 4 orders: −$73.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.81
Costs to cover: 0.977%
Break-even: 6.9 days

Slippage from KuCoin: live order book, 9 min ago; BloFin: live order book, 12 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 KuCoin live order book, 9 min ago	7.87 bp	37.2 bp −$37	995.4 bp −$9,954	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	3.93 bp	14.7 bp −$15	36.8 bp −$368	326.3 bp −$32.6K	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	1.2750	0.000%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2750	long leg	$2.5M	$2.9M	50x
Variational Omni RIVER	+0.0100%	4h	1.2767	+0.136%	$43K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2736	−0.106%	$37K	$447K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2740	−0.078%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2790	+0.314%	$48K	$68K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0217%	4h	1.2750	0.000%	$2.1M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0288%	4h	1.2760	+0.078%	$431K	$102K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0310%	1h	1.2753	+0.027%	$57K	$70K	10x	as long as short
MEXC RIVER_USDT	+0.0410%	4h	1.2750	0.000%	$3.9M	$1.5M	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	+0.0410%	4h	1.2760	+0.078%	$6.1M	$10.8M	50x	as long as short
BloFin RIVER-USDTshort	+0.0433%	4h	1.2810	+0.471%	$429K	$33K	50x
Bybit RIVERUSDT	+0.0451%	4h	1.2750	0.000%	$3.8M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0488%	4h	1.2760	+0.078%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0552%	4h	1.2760	+0.078%	$3.0M	$1.9M	20x	as long as short
Aster RIVERUSDT	+0.0884%	4h	1.2767	+0.134%	$73K	$29K	10x	as long as short