Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.042%

Price spread now: Binance against Kraken Futures−0.329%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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 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. Binance is 0.329% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.329% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 13 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2692	0.0561	pay 0.0070% / 1h	22m 39s	$58K	$62K	10x
Short	Binance RIVERUSDT	1.2650	0.0645	get 0.0322% / 4h	1h 22m	$6.0M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.329%Rate

Funding earned: $17.63
Price spread: −0.329% → 0.000%: −$32.86
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.24
Costs to cover: 0.200%
Break-even: 21.0 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 2 min ago. 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 no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	3.94 bp	17.0 bp −$17	49.6 bp −$496	1258.2 bp −$125.8K	doesn't fit

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	1.2640	−0.407%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2630	−0.486%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2630	−0.486%	$2.4M	$2.0M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2670	−0.171%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2620	−0.565%	$1K	$955K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2640	−0.407%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0198%	4h	1.2620	−0.565%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0386%	4h	1.2630	−0.486%	$419K	$108K	20x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0561%	1h	1.2692	long leg	$58K	$62K	10x
Aster RIVERUSDT	+0.0589%	4h	1.2649	−0.340%	$73K	$29K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0644%	4h	1.2650	−0.329%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDTshort	+0.0645%	4h	1.2650	−0.329%	$6.0M	$10.3M	50x
BloFin RIVER-USDT	+0.0694%	4h	1.2680	−0.092%	$422K	$33K	50x	as long as short
Variational Omni RIVER	+0.1180%	4h	1.2653	−0.302%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1510%	4h	1.2650	−0.329%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1541%	4h	1.2640	−0.407%	$3.8M	$1.7M	25x	as long as short