Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0381%/8h= −41.7% APRpaid last 24h +0.007%

Price spread now: Bitget against Kraken Futures−0.226%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.226% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.279%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2659	0.0481	pay 0.0060% / 1h	52m 54s	$57K	$63K	10x
Short	Bitget RIVERUSDT	1.2630	0.0100	get 0.0050% / 4h	2h 52m	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.226%Rate

Funding earned: −$79.95
Price spread: −0.226% → 0.000%: −$22.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$124.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bitget: 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 Bitget live order book, 5 min ago	3.96 bp	25.4 bp −$25	290.3 bp −$2,903	doesn't fit	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	−0.147%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2640	−0.147%	$2.0M	$3.7M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2640	−0.147%	$419K	$107K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2630	−0.226%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDTshort	+0.0100%	4h	1.2630	−0.226%	$3.0M	$1.9M	20x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2642	−0.133%	$34K	$454K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2630	−0.226%	$1K	$933K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2640	−0.147%	$48K	$96K	20x	as long as short
Aster RIVERUSDT	+0.0456%	4h	1.2640	−0.145%	$73K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0481%	1h	1.2659	long leg	$57K	$63K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0508%	4h	1.2640	−0.147%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0513%	4h	1.2640	−0.147%	$6.0M	$10.3M	50x	as long as short
BloFin RIVER-USDT	+0.0541%	4h	1.2630	−0.226%	$415K	$35K	50x	as long as short
Variational Omni RIVER	+0.1161%	4h	1.2615	−0.345%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1550%	4h	1.2630	−0.226%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1660%	4h	1.2640	−0.147%	$3.8M	$1.7M	25x	as long as short