Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.207%

Price spread now: KuCoin against Bybit−0.081%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2302.303% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 7 days+0.135%+$13 · spread now −0.081%, 7d avg −0.060%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RIVERUSDT	1.2370	0.0100	pay 0.0050% / 4h	1h 51m	$3.8M	$1.6M	25x
Short	KuCoin RIVERUSDTM	1.2360	0.0100	get 0.0050% / 4h	1h 51m	$2.5M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.060%: −$2.06
Slippage, 4 orders: −$207.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$232.39
Costs to cover: 2.303%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 5 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 Bybit live order book, 5 min ago	4.03 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.06 bp	61.0 bp −$61	639.3 bp −$6,393	doesn't fit	doesn't fit

RIVER on 16 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
Lighter RIVER	+0.0096%	1h	1.2370	0.000%	$40K	$10K	3x	as long as short
Bybit RIVERUSDTlong	+0.0100%	4h	1.2370	long leg	$3.8M	$1.6M	25x
Gate RIVER_USDT	+0.0100%	4h	1.2380	+0.081%	$420K	$96K	20x	as long as short
KuCoin RIVERUSDTMshort	+0.0100%	4h	1.2360	−0.081%	$2.5M	$4.6M	50x
Variational Omni RIVER	+0.0100%	4h	1.2412	+0.338%	$42K	$5K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2380	+0.081%	$30K	$402K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2350	−0.162%	$1K	$1.3M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2440	+0.566%	$46K	$39K	20x	as long as short
Bitget RIVERUSDT	+0.0102%	4h	1.2360	−0.081%	$3.1M	$2.5M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0296%	1h	1.2378	+0.061%	$66K	$102K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDT	+0.0304%	4h	1.2372	+0.016%	$69K	$22K	10x	as long as short
OKX RIVER-USDT-SWAP	+0.0339%	4h	1.2380	+0.081%	$2.0M	$3.8M	20x	as long as short
MEXC RIVER_USDT	+0.0474%	4h	1.2360	−0.081%	$3.5M	$1.7M	50x	as long as short
Binance RIVERUSDT	+0.0475%	4h	1.2376	+0.046%	$6.0M	$12.0M	50x	as long as short
BingX RIVER-USDT	+0.0488%	4h	1.2380	+0.081%	—	$6.8M	—	as long as short
BloFin RIVER-USDT	+0.0521%	4h	1.2390	+0.162%	$393K	$28K	50x	as long as short