RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0274%/8h= +30.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.112%

Price spread now: Bitget against KuCoin+0.078%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1101.102% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.078%, 7d avg +0.023%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.056% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.185% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.37 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	1.2740	0.0100	pay 0.0050% / 4h	1h 58m	$2.5M	$2.8M	50x
Short	Bitget RIVERUSDT	1.2750	0.0374	get 0.0187% / 4h	1h 58m	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.078%Rate

Funding earned: $57.54
Price spread: +0.078% → +0.023%: $5.58
Slippage, 4 orders: −$86.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.07
Costs to cover: 1.102%
Break-even: 12.7 days

Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago	7.84 bp	38.7 bp −$39	953.1 bp −$9,531	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.83 bp	21.1 bp −$21	261.0 bp −$2,610	doesn't fit	doesn't fit

RIVER on 15 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	+0.078%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2740	long leg	$2.5M	$2.8M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2760	+0.157%	$33K	$442K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2720	−0.157%	$2K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2790	+0.392%	$48K	$88K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0166%	4h	1.2760	+0.157%	$2.1M	$3.8M	20x	as long as short
Variational Omni RIVER	+0.0190%	4h	1.2738	−0.017%	$43K	$20K	—	as long as short
Gate RIVER_USDT	+0.0308%	4h	1.2760	+0.157%	$431K	$102K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0310%	1h	1.2748	+0.060%	$57K	$70K	10x	as long as short
Bitget RIVERUSDTshort	+0.0374%	4h	1.2750	+0.078%	$3.0M	$1.9M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0438%	4h	1.2760	+0.158%	$6.1M	$10.7M	50x	as long as short
MEXC RIVER_USDT	+0.0442%	4h	1.2750	+0.078%	$3.8M	$1.5M	50x	as long as short
Bybit RIVERUSDT	+0.0702%	4h	1.2750	+0.078%	$3.8M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0748%	4h	1.2760	+0.157%	—	$6.8M	—	as long as short
Aster RIVERUSDT	+0.0814%	4h	1.2734	−0.051%	$73K	$29K	10x	as long as short