Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.029%

Price spread now: Kraken Futures against Variational Omni+0.230%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.230% dearer against Variational Omni than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RIVER	1.2623	0.0683	pay 0.0341% / 4h	7m 57s	$42K	$20K	—
Short	Kraken Futures PF_RIVERUSD	1.2652	0.0726	get 0.0091% / 1h	7m 57s	$57K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.230%Rate

Funding earned: $9.07
Price spread: +0.230% → 0.000%: $22.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $22.03
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and 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	1.2650	+0.213%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2660	+0.292%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2650	+0.213%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2637	+0.107%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2630	+0.054%	$2K	$993K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2670	+0.371%	$48K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0190%	4h	1.2640	+0.133%	$425K	$114K	20x	as long as short
Bitget RIVERUSDT	+0.0260%	4h	1.2650	+0.213%	$3.0M	$1.9M	20x	as long as short
Aster RIVERUSDT	+0.0562%	4h	1.2657	+0.272%	$73K	$31K	10x	as long as short
Binance RIVERUSDT	+0.0606%	4h	1.2660	+0.292%	$6.1M	$10.5M	50x	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	+0.0610%	4h	1.2640	+0.133%	$3.7M	$1.5M	50x	as long as short
BloFin RIVER-USDT	+0.0635%	4h	1.2660	+0.292%	$416K	$33K	50x	as long as short
Variational Omni RIVERlong	+0.0683%	4h	1.2623	long leg	$42K	$20K	—
Kraken Futures PF_RIVERUSDshort	+0.0726%	1h	1.2652	+0.230%	$57K	$74K	10x
BingX RIVER-USDT	+0.1078%	4h	1.2660	+0.292%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1096%	4h	1.2660	+0.292%	$3.8M	$1.7M	25x	as long as short