Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.011%

Price spread now: Aster against Kraken Futures+0.046%7-day average — · you sell dearer than you buy

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 6 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 pays, funding is against you. Aster is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2688	0.0719	pay 0.0090% / 1h	31m 37s	$52K	$80K	10x
Short	Aster RIVERUSDT	1.2694	0.0616	get 0.0308% / 4h	2h 31m	$71K	$28K	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 +0.046%Rate

Funding earned: −$21.5
Price spread: +0.046% → 0.000%: $4.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.9
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	1.2690	+0.013%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	−0.066%	$2.5M	$3.7M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2703	+0.115%	$43K	$4K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2702	+0.107%	$34K	$457K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.145%	$2K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.170%	$49K	$71K	20x	as long as short
Gate RIVER_USDT	+0.0114%	4h	1.2700	+0.091%	$429K	$102K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0158%	4h	1.2690	+0.013%	$2.0M	$4.0M	20x	as long as short
Bybit RIVERUSDT	+0.0187%	4h	1.2690	+0.013%	$3.8M	$1.8M	25x	as long as short
Bitget RIVERUSDT	+0.0266%	4h	1.2690	+0.013%	$3.0M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0353%	4h	1.2690	+0.013%	$399K	$31K	50x	as long as short
MEXC RIVER_USDT	+0.0392%	4h	1.2700	+0.091%	$3.7M	$1.6M	50x	as long as short
BingX RIVER-USDT	+0.0392%	4h	1.2700	+0.091%	—	$6.8M	—	as long as short
Binance RIVERUSDT	+0.0394%	4h	1.2697	+0.069%	$6.1M	$11.6M	50x	as long as short
Aster RIVERUSDTshort	+0.0616%	4h	1.2694	+0.046%	$71K	$28K	10x
Kraken Futures PF_RIVERUSDlong	+0.0719%	1h	1.2688	long leg	$52K	$80K	10x