Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1169%/8h= +128.0% APRpaid last 24h +0.104%

Price spread now: Kraken Futures against KuCoin+0.835%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$424as in the Funding arb table

Net, price: spread back to 7d avg − costs−$353as in the Price arb table

costs, in and out, $10k−$4214.210% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.527%−$53 · spread now +0.835%, 7d avg +0.158%

Together, before fees−0.556%−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Kraken Futures is 0.676% dearer against KuCoin than usual: you sell high and buy low: +$68 more if the spread goes back to its 7-day average of +0.158%.

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	KuCoin RIVERUSDTM	1.2370	0.0100	pay 0.0050% / 4h	9m 20s	$2.4M	$4.9M	50x
Short	Kraken Futures PF_RIVERUSD	1.2473	0.1269	get 0.0159% / 1h	9m 20s	$69K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.835%Rate

Funding earned: $245.4
Price spread: +0.835% → +0.158%: $67.65
Slippage, 4 orders: −$398.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$107.94
Costs to cover: 4.210%
Break-even: 10.1 days

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: live order book, 37 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 KuCoin live order book, 1 min ago	8.08 bp	30.0 bp −$30	804.7 bp −$8,047	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 37 min ago	52.70 bp	79.7 bp −$80	doesn't fit	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	−0.162%	$69K	$34K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2390	+0.162%	$418K	$87K	20x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2370	long leg	$2.4M	$4.9M	50x
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2370	0.000%	$25K	$425K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2370	0.000%	$2K	$1.4M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2430	+0.485%	$49K	$33K	20x	as long as short
Variational Omni RIVER	+0.0107%	4h	1.2382	+0.094%	$39K	$7K	—	as long as short
Bitget RIVERUSDT	+0.0116%	4h	1.2390	+0.162%	$3.2M	$2.6M	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0181%	4h	1.2400	+0.243%	$2.0M	$4.0M	20x	as long as short
Aster RIVERUSDT	+0.0230%	4h	1.2385	+0.118%	$79K	$55K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit RIVERUSDT	+0.0429%	4h	1.2400	+0.243%	$3.7M	$1.6M	25x	as long as short
BloFin RIVER-USDT	+0.0471%	4h	1.2380	+0.081%	$386K	$27K	50x	as long as short
BingX RIVER-USDT	+0.0476%	4h	1.2400	+0.243%	—	$6.8M	—	as long as short
MEXC RIVER_USDT	+0.0490%	4h	1.2390	+0.162%	$3.5M	$1.8M	50x	as long as short
Binance RIVERUSDT	+0.0494%	4h	1.2400	+0.243%	$6.1M	$12.6M	50x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.1269%	1h	1.2473	+0.835%	$69K	$119K	10x