Funding you earn now, next payment 12:00 UTC−0.1169%/8h= −128.0% APRpaid last 24h −0.104%
Price spread now: KuCoin against Kraken Futures−0.828%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$418as in the Funding arb table
Net, price: spread back to 7d avg − costs−$488as in the Price arb table
costs, in and out, $10k−$4214.210% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.520%+$52 · spread now −0.828%, 7d avg −0.158%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and KuCoin is 0.670% cheaper against Kraken Futures than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of −0.158%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RIVERUSD | 1.2473 | 0.1269 | pay 0.0159% / 1h | 9m 06s | $69K | $119K | 10x |
| Short | KuCoin RIVERUSDTM | 1.2370 | 0.0100 | get 0.0050% / 4h | 9m 06s | $2.4M | $4.9M | 50x |
Kraken Futures PF_RIVERUSD
KuCoin RIVERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$245.4
- Price spread: −0.828% → −0.158%
- −$66.96
- Slippage, 4 orders
- −$398.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$733.34
- Costs to cover
- 4.210%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 37 min ago; KuCoin: live order book, 2 min ago.
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 live order book, 37 min ago | 52.70 bp | 166.5 bp −$166 | 7027.4 bp −$70.3K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 8.08 bp | 144.8 bp −$145 | 708.5 bp −$7,085 | doesn't fit | doesn't fit |
RIVER on 16 exchanges
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 | 1.2350 | −0.988% | $69K | $34K | 3x | as long as short |
| Gate RIVER_USDT | +0.0100% | 4h | 1.2390 | −0.667% | $418K | $87K | 20x | as long as short |
| KuCoin RIVERUSDTMshort | +0.0100% | 4h | 1.2370 | −0.828% | $2.4M | $4.9M | 50x | |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2370 | −0.828% | $25K | $425K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2370 | −0.828% | $2K | $1.4M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2430 | −0.347% | $49K | $33K | 20x | as long as short |
| Variational Omni RIVER | +0.0107% | 4h | 1.2382 | −0.735% | $39K | $7K | — | as long as short |
| Bitget RIVERUSDT | +0.0116% | 4h | 1.2390 | −0.667% | $3.2M | $2.6M | 20x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0181% | 4h | 1.2400 | −0.587% | $2.0M | $4.0M | 20x | as long as short |
| Aster RIVERUSDT | +0.0230% | 4h | 1.2385 | −0.710% | $79K | $55K | 10x | as long as short |
Lighter RIVER
Gate RIVER_USDT
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Variational Omni RIVER
Bitget RIVERUSDT
OKX RIVER-USDT-SWAP
Aster RIVERUSDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit RIVERUSDT | +0.0429% | 4h | 1.2400 | −0.587% | $3.7M | $1.6M | 25x | as long as short |
| BloFin RIVER-USDT | +0.0473% | 4h | 1.2400 | −0.587% | $387K | $27K | 50x | as long as short |
| BingX RIVER-USDT | +0.0476% | 4h | 1.2400 | −0.587% | — | $6.8M | — | as long as short |
| MEXC RIVER_USDT | +0.0490% | 4h | 1.2390 | −0.667% | $3.5M | $1.8M | 50x | as long as short |
| Binance RIVERUSDT | +0.0494% | 4h | 1.2399 | −0.594% | $6.1M | $12.6M | 50x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.1269% | 1h | 1.2473 | long leg | $69K | $119K | 10x |
Bybit RIVERUSDT
BloFin RIVER-USDT
BingX RIVER-USDT
MEXC RIVER_USDT
Binance RIVERUSDT