Funding you earn now, next payment 22:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.111%
Price spread now: Gate against Kraken Futures−0.164%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−0.235%−$23 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 Gate is 0.164% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.2% 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 | 1.2681 | 0.0480 | pay 0.0060% / 1h | 50m 09s | $56K | $64K | 10x |
| Short | Gate RIVER_USDT | 1.2660 | 0.0100 | get 0.0050% / 4h | 2h 50m | $419K | $107K | 20x |
Kraken Futures PF_RIVERUSD
Gate RIVER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$79.77
- Price spread: −0.164% → 0.000%
- −$16.37
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$121.14
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 35 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 Gate live order book, 35 min ago | 7.90 bp | 456.7 bp −$457 | doesn't fit | 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 | −0.085% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2670 | −0.085% | $2.0M | $3.8M | 20x | as long as short |
| Gate RIVER_USDTshort | +0.0100% | 4h | 1.2660 | −0.164% | $419K | $107K | 20x | |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2660 | −0.164% | $2.4M | $2.1M | 50x | as long as short |
| Bitget RIVERUSDT | +0.0100% | 4h | 1.2670 | −0.085% | $3.0M | $1.9M | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2642 | −0.307% | $34K | $454K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2650 | −0.243% | $2K | $937K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2680 | −0.006% | $48K | $95K | 20x | as long as short |
| Aster RIVERUSDT | +0.0470% | 4h | 1.2650 | −0.243% | $73K | $31K | 10x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.0480% | 1h | 1.2681 | long leg | $56K | $64K | 10x |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
Bitget RIVERUSDT
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0520% | 4h | 1.2670 | −0.085% | $3.5M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0524% | 4h | 1.2680 | −0.006% | $6.0M | $10.3M | 50x | as long as short |
| BloFin RIVER-USDT | +0.0580% | 4h | 1.2630 | −0.400% | $414K | $35K | 50x | as long as short |
| Variational Omni RIVER | +0.1176% | 4h | 1.2675 | −0.045% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1562% | 4h | 1.2670 | −0.085% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1704% | 4h | 1.2680 | −0.006% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
Binance RIVERUSDT
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT
Bybit RIVERUSDT