Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.042%

Price spread now: Kraken Futures against MEXC+0.310%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.310% dearer against MEXC than usual: you sell high and buy low (spread +0.310% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RIVER_USDT	1.2610	0.0646	pay 0.0323% / 4h	1h 30m	$3.7M	$1.5M	50x
Short	Kraken Futures PF_RIVERUSD	1.2649	0.0563	get 0.0070% / 1h	30m 08s	$57K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.310%Rate

Funding earned: −$17.52
Price spread: +0.310% → 0.000%: $30.98
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3.46
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Kraken Futures: 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 MEXC live order book, 2 min ago	3.95 bp	6.0 bp −$6	29.2 bp −$292	218.2 bp −$21.8K	704.6 bp −$352.3K
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	1.2620	+0.079%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2610	0.000%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	+0.079%	$2.4M	$2.0M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2683	+0.575%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2580	−0.238%	$2K	$953K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2660	+0.397%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0216%	4h	1.2620	+0.079%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0370%	4h	1.2600	−0.079%	$418K	$107K	20x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0563%	1h	1.2649	+0.310%	$57K	$63K	10x
Aster RIVERUSDT	+0.0601%	4h	1.2617	+0.056%	$72K	$29K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0639%	4h	1.2620	+0.079%	$6.0M	$10.2M	50x	as long as short
MEXC RIVER_USDTlong	+0.0646%	4h	1.2610	long leg	$3.7M	$1.5M	50x
BloFin RIVER-USDT	+0.0675%	4h	1.2650	+0.317%	$421K	$33K	50x	as long as short
Variational Omni RIVER	+0.1160%	4h	1.2633	+0.186%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1484%	4h	1.2620	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1526%	4h	1.2610	0.000%	$3.8M	$1.7M	25x	as long as short