RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0384%/8h= −42.0% APRnext payment −$0.48 per $10,000 · paid last 24h +0.093%

Price spread now: Lighter against Kraken Futures−0.130%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.130% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2686	0.0480	pay 0.0060% / 1h	28m 30s	$56K	$59K	10x
Short	Lighter RIVER	1.2670	0.0096	get 0.0012% / 1h	28m 30s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$80.57
Price spread: −0.130% → 0.000%: −$12.97
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$103.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Lighter: no order-book sample. 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 Lighter no order-book sample	—	—	—	—	—

Kraken Futures and Lighter: 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 RIVERshort	+0.0096%	1h	1.2670	−0.130%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2680	−0.051%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2690	+0.028%	$421K	$108K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2670	−0.130%	$2.4M	$2.0M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2650	−0.287%	$2K	$942K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2680	−0.051%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0136%	4h	1.2680	−0.051%	$3.0M	$1.9M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0212%	4h	1.2674	−0.101%	$31K	$429K	10x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0480%	1h	1.2686	long leg	$56K	$59K	10x
Aster RIVERUSDT	+0.0548%	4h	1.2657	−0.231%	$73K	$31K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0584%	4h	1.2680	−0.051%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0590%	4h	1.2684	−0.019%	$6.0M	$10.3M	50x	as long as short
BloFin RIVER-USDT	+0.0619%	4h	1.2680	−0.051%	$421K	$35K	50x	as long as short
Variational Omni RIVER	+0.1139%	4h	1.2674	−0.095%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1644%	4h	1.2690	+0.028%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1687%	4h	1.2690	+0.028%	$3.8M	$1.7M	25x	as long as short