Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.094%

Price spread now: Kraken Futures against Bybit−0.026%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 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 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.402%, 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	Bybit RIVERUSDT	1.2750	0.1059	pay 0.0530% / 4h	2h 50m	$3.8M	$1.7M	25x
Short	Kraken Futures PF_RIVERUSD	1.2747	0.1255	get 0.0157% / 1h	50m 46s	$57K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.026%Rate

Funding earned: $41.16
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $17.6
Costs to cover: 0.210%
Break-even: 4.0 days

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	3.92 bp	56.2 bp −$56	doesn't fit	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	1.2750	0.000%	$41K	$17K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2730	−0.157%	$2.5M	$2.6M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2732	−0.144%	$37K	$438K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2720	−0.235%	$2K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2700	−0.392%	$48K	$94K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0102%	4h	1.2740	−0.078%	$2.1M	$3.8M	20x	as long as short
Bitget RIVERUSDT	+0.0260%	4h	1.2740	−0.078%	$3.0M	$2.0M	20x	as long as short
Variational Omni RIVER	+0.0337%	4h	1.2733	−0.133%	$43K	$20K	—	as long as short
Gate RIVER_USDT	+0.0386%	4h	1.2740	−0.078%	$427K	$100K	20x	as long as short
MEXC RIVER_USDT	+0.0554%	4h	1.2740	−0.078%	$3.7M	$1.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0557%	4h	1.2750	+0.001%	$6.1M	$10.7M	50x	as long as short
BloFin RIVER-USDT	+0.0611%	4h	1.2720	−0.235%	$427K	$33K	50x	as long as short
Aster RIVERUSDT	+0.0746%	4h	1.2721	−0.227%	$73K	$29K	10x	as long as short
Bybit RIVERUSDTlong	+0.1059%	4h	1.2750	long leg	$3.8M	$1.7M	25x
BingX RIVER-USDT	+0.1134%	4h	1.2750	0.000%	—	$6.8M	—	as long as short
Kraken Futures PF_RIVERUSDshort	+0.1255%	1h	1.2747	−0.026%	$57K	$70K	10x