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 KuCoin+0.426%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 0.426% dearer against KuCoin than usual: you sell high and buy low, +$43 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	KuCoin RIVERUSDTM	1.2430	0.0100	pay 0.0050% / 4h	3h 31m	$2.4M	$4.3M	50x
Short	Variational Omni RIVER	1.2483	0.0100	get 0.0050% / 4h	3h 31m	$42K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.426%Rate

Funding earned: $0
Price spread: +0.426% → 0.000%: $42.59
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $30.59
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 min ago; 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 KuCoin live order book, 6 min ago	4.01 bp	45.8 bp −$46	1020.4 bp −$10.2K	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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	−0.0458%	1h	1.2466	+0.292%	$52K	$85K	10x	as long as short
Lighter RIVER	+0.0096%	1h	1.2440	+0.080%	$40K	$13K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2440	+0.080%	$417K	$95K	20x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2430	long leg	$2.4M	$4.3M	50x
Variational Omni RIVERshort	+0.0100%	4h	1.2483	+0.426%	$42K	$7K	—
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2478	+0.384%	$34K	$445K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2420	−0.080%	$2K	$1.3M	20x	as long as short
Bitget RIVERUSDT	+0.0202%	4h	1.2430	0.000%	$3.1M	$2.6M	20x	as long as short
HTX RIVER-USDT	+0.0256%	4h	1.2500	+0.563%	$49K	$71K	20x	as long as short
Bybit RIVERUSDT	+0.0265%	4h	1.2450	+0.161%	$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	+0.0341%	4h	1.2440	+0.080%	$2.0M	$4.2M	20x	as long as short
BloFin RIVER-USDT	+0.0423%	4h	1.2430	0.000%	$386K	$31K	50x	as long as short
BingX RIVER-USDT	+0.0432%	4h	1.2450	+0.161%	—	$6.8M	—	as long as short
Binance RIVERUSDT	+0.0449%	4h	1.2450	+0.161%	$6.0M	$12.3M	50x	as long as short
MEXC RIVER_USDT	+0.0454%	4h	1.2440	+0.080%	$3.6M	$1.6M	50x	as long as short
Aster RIVERUSDT	+0.0531%	4h	1.2439	+0.073%	$69K	$29K	10x	as long as short