Funding you earn now, next payment 23:00 UTC+0.0892%/8h= +97.6% APRpaid last 24h +0.101%
Price spread now: Bybit against Kraken Futures−0.084%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.367%+$37 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. Bybit is 0.084% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.367% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.367% in total (about 19.1% 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 | 1.2671 | 0.0562 | pay 0.0070% / 1h | 11m 50s | $58K | $62K | 10x |
| Short | Bybit RIVERUSDT | 1.2660 | 0.1453 | get 0.0727% / 4h | 1h 11m | $3.8M | $1.7M | 25x |
Kraken Futures PF_RIVERUSD
Bybit RIVERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $187.25
- Price spread: −0.084% → 0.000%
- −$8.36
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $157.89
- Costs to cover
- 0.210%
- Break-even
- 1.1 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 6 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 Bybit live order book, 6 min ago | 3.96 bp | 40.0 bp −$40 | 520.9 bp −$5,209 | 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 | 1.2670 | −0.005% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2660 | −0.084% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2650 | −0.163% | $2.4M | $2.1M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2632 | −0.304% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2640 | −0.241% | $1K | $962K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2680 | +0.074% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0190% | 4h | 1.2660 | −0.084% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0366% | 4h | 1.2650 | −0.163% | $420K | $109K | 20x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.0562% | 1h | 1.2671 | long leg | $58K | $62K | 10x | |
| Aster RIVERUSDT | +0.0563% | 4h | 1.2656 | −0.113% | $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 | +0.0638% | 4h | 1.2660 | −0.084% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0639% | 4h | 1.2669 | −0.010% | $6.1M | $10.3M | 50x | as long as short |
| BloFin RIVER-USDT | +0.0646% | 4h | 1.2690 | +0.153% | $422K | $33K | 50x | as long as short |
| Variational Omni RIVER | +0.1144% | 4h | 1.2608 | −0.491% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1418% | 4h | 1.2670 | −0.005% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTshort | +0.1453% | 4h | 1.2660 | −0.084% | $3.8M | $1.7M | 25x |
MEXC RIVER_USDT
Binance RIVERUSDT
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT