Funding arb · Price arb /

RIVER

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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 +0.132%

Price spread now: Variational Omni against HTX−0.173%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.173% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX RIVER-USDT	1.2600	0.0100	pay 0.0050% / 4h	3h 15m	$47K	$74K	20x
Short	Variational Omni RIVER	1.2578	0.0100	get 0.0050% / 4h	3h 15m	$43K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → 0.000%: −$17.32
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Variational Omni: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

HTX and Variational Omni: 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
Kraken Futures PF_RIVERUSD	−0.0454%	1h	1.2577	−0.185%	$53K	$84K	10x	as long as short
Lighter RIVER	+0.0096%	1h	1.2560	−0.317%	$41K	$13K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2560	−0.317%	$426K	$104K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2560	−0.317%	$2.5M	$4.4M	50x	as long as short
Variational Omni RIVERshort	+0.0100%	4h	1.2578	−0.173%	$43K	$6K	—
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2544	−0.446%	$34K	$434K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2530	−0.556%	$1K	$1.3M	20x	as long as short
HTX RIVER-USDTlong	+0.0100%	4h	1.2600	long leg	$47K	$74K	20x
Bitget RIVERUSDT	+0.0176%	4h	1.2560	−0.317%	$3.2M	$2.6M	20x	as long as short
Bybit RIVERUSDT	+0.0328%	4h	1.2560	−0.317%	$3.8M	$1.7M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RIVER-USDT-SWAP	+0.0338%	4h	1.2580	−0.159%	$2.1M	$4.1M	20x	as long as short
BingX RIVER-USDT	+0.0471%	4h	1.2570	−0.238%	—	$6.8M	—	as long as short
Binance RIVERUSDT	+0.0496%	4h	1.2570	−0.238%	$6.1M	$12.3M	50x	as long as short
MEXC RIVER_USDT	+0.0500%	4h	1.2550	−0.397%	$3.5M	$1.7M	50x	as long as short
BloFin RIVER-USDT	+0.0520%	4h	1.2560	−0.317%	$387K	$31K	50x	as long as short
Aster RIVERUSDT	+0.0526%	4h	1.2569	−0.250%	$70K	$30K	10x	as long as short