RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1386%/8h= +151.8% APRnext payment +$6.93 per $10,000 · paid last 24h +0.206%

Price spread now: Bybit against KuCoin+0.158%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1811.810% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 7 days−0.309%−$31 · spread now +0.158%, 7d avg +0.049%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Bybit is 0.109% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.049%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.239% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.93 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	1.2640	0.0100	pay 0.0050% / 4h	1h 13m	$2.4M	$2.1M	50x
Short	Bybit RIVERUSDT	1.2660	0.1486	get 0.0743% / 4h	1h 13m	$3.8M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.158%Rate

Funding earned: $291.06
Price spread: +0.158% → +0.049%: $10.95
Slippage, 4 orders: −$157.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $121.02
Costs to cover: 1.810%
Break-even: 4.1 days

Slippage from KuCoin: live order book, 3 min ago; Bybit: 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	7.92 bp	65.1 bp −$65	854.3 bp −$8,543	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.96 bp	40.0 bp −$40	520.9 bp −$5,209	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	1.2660	+0.158%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2650	+0.079%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2640	long leg	$2.4M	$2.1M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2632	−0.062%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2650	+0.079%	$1K	$960K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2680	+0.316%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0186%	4h	1.2640	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0366%	4h	1.2630	−0.079%	$420K	$109K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0562%	1h	1.2672	+0.253%	$58K	$62K	10x	as long as short
Aster RIVERUSDT	+0.0566%	4h	1.2647	+0.059%	$73K	$29K	10x	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	+0.0636%	4h	1.2650	+0.079%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0639%	4h	1.2660	+0.158%	$6.0M	$10.3M	50x	as long as short
BloFin RIVER-USDT	+0.0672%	4h	1.2630	−0.079%	$420K	$33K	50x	as long as short
Variational Omni RIVER	+0.1144%	4h	1.2608	−0.250%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1440%	4h	1.2650	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDTshort	+0.1486%	4h	1.2660	+0.158%	$3.8M	$1.7M	25x