Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h −0.013%

Price spread now: Kraken Futures against BloFin+0.012%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% 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	BloFin RIVER-USDT	1.2560	0.0440	pay 0.0220% / 4h	39m 10s	$418K	$32K	50x
Short	Kraken Futures PF_RIVERUSD	1.2562	0.0644	get 0.0080% / 1h	39m 10s	$56K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.012%Rate

Funding earned: $42.88
Price spread: +0.012% → 0.000%: $1.23
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $22.11
Costs to cover: 0.220%
Break-even: 3.4 days

Slippage unknown: BloFin: live order book, 61 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 BloFin live order book, 61 min ago	3.93 bp	17.7 bp −$18	58.1 bp −$581	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	1.2560	0.000%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2560	0.000%	$2.5M	$3.1M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2583	+0.181%	$42K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2600	+0.317%	$29K	$452K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2540	−0.159%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2610	+0.398%	$47K	$66K	20x	as long as short
Gate RIVER_USDT	+0.0202%	4h	1.2570	+0.080%	$424K	$103K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0211%	4h	1.2550	−0.080%	$2.0M	$3.8M	20x	as long as short
Bybit RIVERUSDT	+0.0252%	4h	1.2550	−0.080%	$3.8M	$1.7M	25x	as long as short
MEXC RIVER_USDT	+0.0380%	4h	1.2550	−0.080%	$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	+0.0380%	4h	1.2563	+0.027%	$6.0M	$11.1M	50x	as long as short
BloFin RIVER-USDTlong	+0.0440%	4h	1.2560	long leg	$418K	$32K	50x
BingX RIVER-USDT	+0.0508%	4h	1.2560	0.000%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0518%	4h	1.2550	−0.080%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0644%	1h	1.2562	+0.012%	$56K	$70K	10x
Aster RIVERUSDT	+0.0816%	4h	1.2565	+0.037%	$72K	$27K	10x	as long as short