Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.061%

Price spread now: Aster against Kraken Futures−0.319%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.319% cheaper against Kraken Futures than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2199	0.0300	pay 0.0038% / 1h	31m 31s	$62K	$105K	10x
Short	Aster RIVERUSDT	1.2160	0.0269	get 0.0134% / 4h	1h 31m	$69K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.319%Rate

Funding earned: −$6.64
Price spread: −0.319% → 0.000%: −$31.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 20 min ago; Aster: 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 Kraken Futures live order book, 20 min ago	32.31 bp	50.2 bp −$50	5704.3 bp −$57.0K	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 exchanges

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	1.2160	−0.319%	$39K	$10K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2180	−0.155%	$411K	$97K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2150	−0.401%	$2.4M	$4.7M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2160	−0.319%	$3.1M	$2.6M	20x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2292	+0.762%	$42K	$5K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2201	+0.019%	$28K	$399K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2170	−0.237%	$2K	$1.3M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2260	+0.501%	$48K	$37K	20x	as long as short
Bybit RIVERUSDT	+0.0186%	4h	1.2160	−0.319%	$3.7M	$1.7M	25x	as long as short
Aster RIVERUSDTshort	+0.0269%	4h	1.2160	−0.319%	$69K	$23K	10x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_RIVERUSDlong	+0.0300%	1h	1.2199	long leg	$62K	$105K	10x
OKX RIVER-USDT-SWAP	+0.0310%	4h	1.2170	−0.237%	$1.9M	$3.9M	20x	as long as short
MEXC RIVER_USDT	+0.0434%	4h	1.2170	−0.237%	$3.2M	$1.8M	50x	as long as short
Binance RIVERUSDT	+0.0435%	4h	1.2170	−0.237%	$5.9M	$12.3M	50x	as long as short
BingX RIVER-USDT	+0.0442%	4h	1.2180	−0.155%	—	$6.8M	—	as long as short
BloFin RIVER-USDT	+0.0492%	4h	1.2180	−0.155%	$390K	$28K	50x	as long as short