Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.017%

Price spread now: Aster against Kraken Futures−0.018%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2654	0.0792	pay 0.0099% / 1h	54m 42s	$57K	$74K	10x
Short	Aster RIVERUSDT	1.2651	0.0597	get 0.0298% / 4h	3h 54m	$73K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$41
Price spread: −0.018% → 0.000%: −$1.83
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$60.83
Costs to cover: 0.180%
Break-even: never at this rate

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

Kraken Futures and Aster: 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	1.2640	−0.107%	$41K	$17K	3x	as long as short
Bybit RIVERUSDT	+0.0100%	4h	1.2640	−0.107%	$3.8M	$1.7M	25x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2640	−0.107%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2630	−0.186%	$425K	$111K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2640	−0.107%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2680	+0.207%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2620	−0.265%	$2K	$996K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.446%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0244%	4h	1.2640	−0.107%	$3.0M	$1.9M	20x	as long as short
Variational Omni RIVER	+0.0566%	4h	1.2683	+0.235%	$42K	$20K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RIVER-USDT	+0.0568%	4h	1.2640	−0.107%	—	$6.8M	—	as long as short
MEXC RIVER_USDT	+0.0594%	4h	1.2630	−0.186%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0594%	4h	1.2643	−0.084%	$6.1M	$10.5M	50x	as long as short
Aster RIVERUSDTshort	+0.0597%	4h	1.2651	−0.018%	$73K	$31K	10x
BloFin RIVER-USDT	+0.0598%	4h	1.2660	+0.051%	$420K	$33K	50x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0792%	1h	1.2654	long leg	$57K	$74K	10x