Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against Aster+0.293%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.293% dearer against Aster than usual: you sell high and buy low: +$29 more if the spread 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	Aster RIVERUSDT	1.2672	0.0606	pay 0.0303% / 4h	3h 41m	$73K	$31K	10x
Short	Kraken Futures PF_RIVERUSD	1.2710	0.0789	get 0.0099% / 1h	41m 49s	$57K	$71K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.293%Rate

Funding earned: $38.41
Price spread: +0.293% → 0.000%: $29.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $49.75
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Kraken Futures: 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster and Kraken Futures: 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
Lighter RIVER	+0.0096%	1h	1.2690	+0.139%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2690	+0.139%	$2.1M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2700	+0.218%	$427K	$111K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2670	−0.019%	$2.5M	$2.4M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2696	+0.189%	$36K	$424K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2680	+0.060%	$2K	$998K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2690	+0.139%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0208%	4h	1.2680	+0.060%	$3.0M	$1.9M	20x	as long as short
Variational Omni RIVER	+0.0421%	4h	1.2663	−0.074%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.0543%	4h	1.2680	+0.060%	—	$6.8M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0555%	4h	1.2688	+0.119%	$6.1M	$10.5M	50x	as long as short
MEXC RIVER_USDT	+0.0560%	4h	1.2680	+0.060%	$3.7M	$1.5M	50x	as long as short
BloFin RIVER-USDT	+0.0597%	4h	1.2690	+0.139%	$421K	$33K	50x	as long as short
Aster RIVERUSDTlong	+0.0606%	4h	1.2672	long leg	$73K	$31K	10x
Bybit RIVERUSDT	+0.0716%	4h	1.2690	+0.139%	$3.8M	$1.7M	25x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0789%	1h	1.2710	+0.293%	$57K	$71K	10x