Funding you earn now, next payment 08:00 UTC+0.0673%/8h= +73.7% APRpaid last 24h −0.012%
Price spread now: Binance against Kraken Futures−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.156% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% 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 | Kraken Futures PF_RIVERUSD | 1.2616 | −0.0229 | get 0.0029% / 1h | 15m 12s | $53K | $88K | 10x |
| Short | Binance RIVERUSDT | 1.2612 | 0.0445 | get 0.0222% / 4h | 15m 12s | $6.0M | $12.0M | 50x |
Kraken Futures PF_RIVERUSD
Binance RIVERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $141.43
- Price spread: −0.033% → 0.000%
- −$3.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $118.14
- Costs to cover
- 0.200%
- Break-even
- 1.2 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 10 min ago. 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 Binance live order book, 10 min ago | 3.98 bp | 13.2 bp −$13 | 46.4 bp −$464 | 1218.6 bp −$121.9K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_RIVERUSDlong | −0.0229% | 1h | 1.2616 | long leg | $53K | $88K | 10x | |
| Lighter RIVER | +0.0096% | 1h | 1.2610 | −0.049% | $41K | $14K | 3x | as long as short |
| Gate RIVER_USDT | +0.0100% | 4h | 1.2600 | −0.129% | $424K | $99K | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2600 | −0.129% | $2.5M | $4.2M | 50x | as long as short |
| Variational Omni RIVER | +0.0100% | 4h | 1.2608 | −0.065% | $43K | $7K | — | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2605 | −0.086% | $27K | $466K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2590 | −0.208% | $1K | $1.2M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2650 | +0.268% | $49K | $71K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0174% | 4h | 1.2610 | −0.049% | $3.0M | $2.4M | 20x | as long as short |
| Bybit RIVERUSDT | +0.0294% | 4h | 1.2610 | −0.049% | $3.8M | $1.7M | 25x | as long as short |
Lighter RIVER
Gate RIVER_USDT
KuCoin RIVERUSDTM
Variational Omni RIVER
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Bybit RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX RIVER-USDT-SWAP | +0.0312% | 4h | 1.2620 | +0.030% | $2.1M | $4.2M | 20x | as long as short |
| BingX RIVER-USDT | +0.0412% | 4h | 1.2610 | −0.049% | — | $6.8M | — | as long as short |
| MEXC RIVER_USDT | +0.0444% | 4h | 1.2610 | −0.049% | $3.6M | $1.6M | 50x | as long as short |
| Binance RIVERUSDTshort | +0.0445% | 4h | 1.2612 | −0.033% | $6.0M | $12.0M | 50x | |
| BloFin RIVER-USDT | +0.0493% | 4h | 1.2600 | −0.129% | $391K | $31K | 50x | as long as short |
| Aster RIVERUSDT | +0.0542% | 4h | 1.2609 | −0.057% | $70K | $29K | 10x | as long as short |
OKX RIVER-USDT-SWAP
BingX RIVER-USDT
MEXC RIVER_USDT
BloFin RIVER-USDT
Aster RIVERUSDT