Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h −0.034%

Price spread now: Kraken Futures against Binance+0.041%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RIVERUSDT	1.2630	0.0597	pay 0.0298% / 4h	5m 21s	$6.1M	$10.5M	50x
Short	Kraken Futures PF_RIVERUSD	1.2635	0.0727	get 0.0091% / 1h	5m 21s	$57K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.041%Rate

Funding earned: $27.31
Price spread: +0.041% → 0.000%: $4.06
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $11.36
Costs to cover: 0.200%
Break-even: 4.1 days

Slippage unknown: Binance: live order book, 5 min ago; 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 Binance live order book, 5 min ago	3.95 bp	14.5 bp −$15	61.5 bp −$615	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	1.2620	−0.079%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2630	0.000%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	−0.079%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2649	+0.150%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2610	−0.158%	$2K	$995K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2670	+0.317%	$48K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0174%	4h	1.2620	−0.079%	$425K	$114K	20x	as long as short
Bitget RIVERUSDT	+0.0248%	4h	1.2620	−0.079%	$3.0M	$1.9M	20x	as long as short
BloFin RIVER-USDT	+0.0544%	4h	1.2630	0.000%	$418K	$33K	50x	as long as short
Aster RIVERUSDT	+0.0556%	4h	1.2627	−0.022%	$72K	$31K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDTlong	+0.0597%	4h	1.2630	long leg	$6.1M	$10.5M	50x
MEXC RIVER_USDT	+0.0602%	4h	1.2630	0.000%	$3.7M	$1.5M	50x	as long as short
Variational Omni RIVER	+0.0645%	4h	1.2618	−0.093%	$42K	$20K	—	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0727%	1h	1.2635	+0.041%	$57K	$74K	10x
BingX RIVER-USDT	+0.1044%	4h	1.2640	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1072%	4h	1.2630	0.000%	$3.8M	$1.7M	25x	as long as short