Funding you earn now, next payment 23:00 UTC+0.0949%/8h= +104.0% APRpaid last 24h +0.125%
Price spread now: BingX against Kraken Futures−0.329%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.513%+$51 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. BingX 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 28 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.513% in total) that is about 4.5 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.513% in total (about 26.7% 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 | Kraken Futures PF_RIVERUSD | 1.2692 | 0.0561 | pay 0.0070% / 1h | 22m 24s | $58K | $62K | 10x |
| Short | BingX RIVER-USDT | 1.2650 | 0.1510 | get 0.0755% / 4h | 1h 22m | — | $6.8M | — |
Kraken Futures PF_RIVERUSD
BingX RIVER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $199.36
- 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 BingX: 5 bp × 2 orders
- −$10
- Net
- $146.5
- Costs to cover
- 0.200%
- Break-even
- 1.9 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 5 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 BingX live order book, 5 min ago | 7.91 bp | 17.5 bp −$18 | 47.9 bp −$479 | 459.2 bp −$45.9K | 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 | 1.2647 | −0.351% | $73K | $29K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Gate RIVER_USDT
Aster RIVERUSDTShow 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 RIVERUSDT | +0.0645% | 4h | 1.2653 | −0.306% | $6.0M | $10.3M | 50x | as long as short |
| 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-USDTshort | +0.1510% | 4h | 1.2650 | −0.329% | — | $6.8M | — | |
| Bybit RIVERUSDT | +0.1541% | 4h | 1.2640 | −0.407% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
Binance RIVERUSDT
BloFin RIVER-USDT
Variational Omni RIVER
Bybit RIVERUSDT