Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h −0.064%

Price spread now: Kraken Futures against BingX+0.057%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.506%−$51 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 0.057% dearer against BingX than usual: you sell high and buy low: +$6 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 −0.506%, 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	BingX RIVER-USDT	1.2830	0.0462	pay 0.0231% / 4h	3h 12m	—	$6.8M	—
Short	Kraken Futures PF_RIVERUSD	1.2837	0.0612	get 0.0076% / 1h	12m 12s	$57K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.057%Rate

Funding earned: $31.41
Price spread: +0.057% → 0.000%: $5.7
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $17.11
Costs to cover: 0.200%
Break-even: 3.2 days

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	11.69 bp	16.7 bp −$17	68.7 bp −$687	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	1.2830	0.000%	$42K	$14K	3x	as long as short
Bybit RIVERUSDT	+0.0100%	4h	1.2820	−0.078%	$3.9M	$1.8M	25x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2820	−0.078%	$2.5M	$3.5M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2813	−0.134%	$43K	$4K	—	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2810	−0.156%	$2K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2860	+0.234%	$50K	$71K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0138%	4h	1.2819	−0.083%	$30K	$459K	10x	as long as short
OKX RIVER-USDT-SWAP	+0.0223%	4h	1.2830	0.000%	$2.1M	$4.0M	20x	as long as short
Gate RIVER_USDT	+0.0384%	4h	1.2830	0.000%	$434K	$104K	20x	as long as short
Bitget RIVERUSDT	+0.0458%	4h	1.2830	0.000%	$3.1M	$2.2M	20x	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	+0.0462%	4h	1.2820	−0.078%	$3.7M	$1.6M	50x	as long as short
BingX RIVER-USDTlong	+0.0462%	4h	1.2830	long leg	—	$6.8M	—
Binance RIVERUSDT	+0.0463%	4h	1.2830	0.000%	$6.2M	$11.4M	50x	as long as short
BloFin RIVER-USDT	+0.0488%	4h	1.2810	−0.156%	$405K	$31K	50x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0612%	1h	1.2837	+0.057%	$57K	$67K	10x
Aster RIVERUSDT	+0.0785%	4h	1.2830	0.000%	$72K	$28K	10x	as long as short