Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.064%

Price spread now: Kraken Futures against BingX+0.095%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.506%−$51 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 0.095% dearer against BingX than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.506% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RIVER-USDT	1.2810	0.0672	pay 0.0336% / 4h	3h 24m	—	$6.8M	—
Short	Kraken Futures PF_RIVERUSD	1.2822	0.0612	get 0.0077% / 1h	24m 36s	$58K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$12.54
Price spread: +0.095% → 0.000%: $9.53
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$23.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 13 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 BingX live order book, 13 min ago	7.81 bp	14.6 bp −$15	68.5 bp −$685	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	1.2800	−0.078%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2790	−0.156%	$2.5M	$3.5M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2813	+0.021%	$43K	$4K	—	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2790	−0.156%	$2K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2850	+0.312%	$50K	$71K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0239%	4h	1.2810	0.000%	$2.1M	$4.0M	20x	as long as short
Bybit RIVERUSDT	+0.0324%	4h	1.2810	0.000%	$3.9M	$1.8M	25x	as long as short
GRVT RIVER_USDT_Perp	+0.0356%	4h	1.2820	+0.076%	$30K	$459K	10x	as long as short
Bitget RIVERUSDT	+0.0474%	4h	1.2800	−0.078%	$3.1M	$2.2M	20x	as long as short
MEXC RIVER_USDT	+0.0482%	4h	1.2800	−0.078%	$3.7M	$1.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0486%	4h	1.2816	+0.044%	$6.2M	$11.3M	50x	as long as short
BloFin RIVER-USDT	+0.0509%	4h	1.2830	+0.156%	$408K	$33K	50x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0612%	1h	1.2822	+0.095%	$58K	$67K	10x
BingX RIVER-USDTlong	+0.0672%	4h	1.2810	long leg	—	$6.8M	—
Gate RIVER_USDT	+0.0692%	4h	1.2800	−0.078%	$432K	$103K	20x	as long as short
Aster RIVERUSDT	+0.0834%	4h	1.2809	−0.007%	$73K	$27K	10x	as long as short