Funding you earn now, next payment 01:00 UTC+0.0585%/8h= +64.0% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against Bitget−0.109%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.109% cheaper against Bitget than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 15 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.264%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.264% in total (about -13.8% a year). A funding rate is set anew for every payment. 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 | Bitget RIVERUSDT | 1.2690 | 0.0206 | pay 0.0103% / 4h | 3h 40m | $3.0M | $1.9M | 20x |
| Short | Kraken Futures PF_RIVERUSD | 1.2676 | 0.0791 | get 0.0099% / 1h | 40m 59s | $57K | $71K | 10x |
Bitget RIVERUSDT
Kraken Futures PF_RIVERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $122.8
- Price spread: −0.109% → 0.000%
- −$10.91
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $89.89
- Costs to cover
- 0.220%
- Break-even
- 1.9 days
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 3.94 bp | 21.6 bp −$22 | 288.6 bp −$2,886 | 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 | 1.2690 | 0.000% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2690 | 0.000% | $2.1M | $3.8M | 20x | as long as short |
| Gate RIVER_USDT | +0.0100% | 4h | 1.2700 | +0.079% | $427K | $111K | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2670 | −0.158% | $2.5M | $2.4M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2706 | +0.123% | $36K | $425K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2670 | −0.158% | $1K | $999K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2690 | 0.000% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDTlong | +0.0206% | 4h | 1.2690 | long leg | $3.0M | $1.9M | 20x | |
| Variational Omni RIVER | +0.0399% | 4h | 1.2688 | −0.015% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.0540% | 4h | 1.2690 | 0.000% | — | $6.8M | — | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
Gate RIVER_USDT
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDT | +0.0546% | 4h | 1.2690 | 0.000% | $421K | $33K | 50x | as long as short |
| Binance RIVERUSDT | +0.0555% | 4h | 1.2695 | +0.043% | $6.1M | $10.5M | 50x | as long as short |
| MEXC RIVER_USDT | +0.0558% | 4h | 1.2690 | 0.000% | $3.7M | $1.5M | 50x | as long as short |
| Aster RIVERUSDT | +0.0606% | 4h | 1.2672 | −0.144% | $73K | $31K | 10x | as long as short |
| Kraken Futures PF_RIVERUSDshort | +0.0791% | 1h | 1.2676 | −0.109% | $57K | $71K | 10x | |
| Bybit RIVERUSDT | +0.0858% | 4h | 1.2690 | 0.000% | $3.8M | $1.7M | 25x | as long as short |
BloFin RIVER-USDT
Binance RIVERUSDT
MEXC RIVER_USDT
Aster RIVERUSDT
Bybit RIVERUSDT