Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.128%

Price spread now: Kraken Futures against Gate+0.043%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 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 +$27 a day on $10k at the current rate, and Kraken Futures is 0.043% dearer against Gate 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).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.254% in total (about 13.3% 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	Gate RIVER_USDT	1.2740	0.0348	pay 0.0174% / 4h	2h 30m	$430K	$102K	20x
Short	Kraken Futures PF_RIVERUSD	1.2745	0.1256	get 0.0157% / 1h	30m 45s	$57K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.043%Rate

Funding earned: $190.59
Price spread: +0.043% → 0.000%: $4.28
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $169.87
Costs to cover: 0.250%
Break-even: 0.8 days

Slippage unknown: Gate: live order book, 35 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 Gate live order book, 35 min ago	7.82 bp	1654.9 bp −$1,655	30179.0 bp −$301.8K	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 15 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	1.2740	0.000%	$41K	$17K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2730	−0.078%	$2.5M	$2.7M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2700	−0.314%	$33K	$449K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2720	−0.157%	$1K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2770	+0.235%	$48K	$94K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0140%	4h	1.2750	+0.078%	$2.1M	$3.8M	20x	as long as short
Variational Omni RIVER	+0.0293%	4h	1.2753	+0.102%	$43K	$20K	—	as long as short
Bitget RIVERUSDT	+0.0328%	4h	1.2740	0.000%	$3.0M	$2.0M	20x	as long as short
Gate RIVER_USDTlong	+0.0348%	4h	1.2740	long leg	$430K	$102K	20x
Binance RIVERUSDT	+0.0525%	4h	1.2747	+0.052%	$6.1M	$10.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0528%	4h	1.2740	0.000%	$3.8M	$1.5M	50x	as long as short
Aster RIVERUSDT	+0.0783%	4h	1.2721	−0.148%	$73K	$29K	10x	as long as short
BingX RIVER-USDT	+0.0962%	4h	1.2740	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.0978%	4h	1.2740	0.000%	$3.8M	$1.7M	25x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.1256%	1h	1.2745	+0.043%	$57K	$70K	10x