Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.147%

Price spread now: Kraken Futures against HTX−0.335%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 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 0.335% cheaper against HTX than usual: you would sell low and buy high (spread −0.335% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 5.3 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX RIVER-USDT	1.2790	0.0100	pay 0.0050% / 4h	1h 41m	$48K	$88K	20x
Short	Kraken Futures PF_RIVERUSD	1.2747	0.0310	get 0.0039% / 1h	41m 24s	$57K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.335%Rate

Funding earned: $44.18
Price spread: −0.335% → 0.000%: −$33.48
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.3
Costs to cover: 0.220%
Break-even: 8.8 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

HTX and 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	1.2720	−0.547%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2700	−0.704%	$2.5M	$2.8M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2745	−0.352%	$38K	$446K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2740	−0.391%	$2K	$1.1M	20x	as long as short
HTX RIVER-USDTlong	+0.0100%	4h	1.2790	long leg	$48K	$88K	20x
Variational Omni RIVER	+0.0111%	4h	1.2708	−0.643%	$43K	$20K	—	as long as short
OKX RIVER-USDT-SWAP	+0.0196%	4h	1.2710	−0.625%	$2.1M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0280%	4h	1.2720	−0.547%	$429K	$102K	20x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0310%	1h	1.2747	−0.335%	$57K	$70K	10x
MEXC RIVER_USDT	+0.0412%	4h	1.2700	−0.704%	$3.9M	$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	+0.0413%	4h	1.2698	−0.718%	$6.1M	$10.8M	50x	as long as short
BloFin RIVER-USDT	+0.0430%	4h	1.2750	−0.313%	$424K	$32K	50x	as long as short
Bitget RIVERUSDT	+0.0448%	4h	1.2700	−0.704%	$3.0M	$1.9M	20x	as long as short
BingX RIVER-USDT	+0.0590%	4h	1.2710	−0.625%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.0626%	4h	1.2700	−0.704%	$3.8M	$1.7M	25x	as long as short
Aster RIVERUSDT	+0.0867%	4h	1.2737	−0.411%	$73K	$29K	10x	as long as short