Funding you earn now, next payment 22:00 UTC+0.0378%/8h= +41.4% APRpaid last 24h +0.082%
Price spread now: Kraken Futures against OKX+0.115%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.115% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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 | OKX RIVER-USDT-SWAP | 1.2710 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $2.0M | $3.8M | 20x |
| Short | Kraken Futures PF_RIVERUSD | 1.2725 | 0.0478 | get 0.0060% / 1h | 26m 26s | $56K | $59K | 10x |
OKX RIVER-USDT-SWAP
Kraken Futures PF_RIVERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $79.42
- Price spread: +0.115% → 0.000%
- $11.52
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $70.95
- Costs to cover
- 0.200%
- Break-even
- 0.7 days
Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago | 3.93 bp | 21.1 bp −$21 | 138.5 bp −$1,385 | doesn't fit | doesn't fit |
| 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 | 1.2710 | 0.000% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAPlong | +0.0100% | 4h | 1.2710 | long leg | $2.0M | $3.8M | 20x | |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2700 | −0.079% | $2.5M | $2.0M | 50x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2680 | −0.236% | $2K | $942K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2680 | −0.236% | $48K | $95K | 20x | as long as short |
| Gate RIVER_USDT | +0.0126% | 4h | 1.2690 | −0.157% | $421K | $108K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0154% | 4h | 1.2710 | 0.000% | $3.0M | $1.9M | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0212% | 4h | 1.2674 | −0.286% | $31K | $429K | 10x | as long as short |
| Kraken Futures PF_RIVERUSDshort | +0.0478% | 1h | 1.2725 | +0.115% | $56K | $59K | 10x | |
| Aster RIVERUSDT | +0.0570% | 4h | 1.2691 | −0.147% | $73K | $31K | 10x | as long as short |
Lighter RIVER
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
Gate RIVER_USDT
Bitget RIVERUSDT
GRVT RIVER_USDT_Perp
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0590% | 4h | 1.2710 | 0.000% | $3.5M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0601% | 4h | 1.2720 | +0.079% | $6.0M | $10.3M | 50x | as long as short |
| BloFin RIVER-USDT | +0.0648% | 4h | 1.2680 | −0.236% | $420K | $35K | 50x | as long as short |
| Variational Omni RIVER | +0.1139% | 4h | 1.2674 | −0.280% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1596% | 4h | 1.2720 | +0.079% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1707% | 4h | 1.2720 | +0.079% | $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