Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0095%/8h= +10.5% APRpaid last 24h +0.049%

Price spread now: BloFin against Kraken Futures+0.111%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.111% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2696	0.0560	pay 0.0070% / 1h	44m 31s	$56K	$60K	10x
Short	BloFin RIVER-USDT	1.2710	0.0656	get 0.0328% / 4h	1h 44m	$421K	$33K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.111%Rate

Funding earned: $20.05
Price spread: +0.111% → 0.000%: $11.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $9.14
Costs to cover: 0.220%
Break-even: 3.8 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 36 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 BloFin live order book, 36 min ago	3.92 bp	20.9 bp −$21	48.5 bp −$485	332.0 bp −$33.2K	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
Lighter RIVER	+0.0096%	1h	1.2710	+0.111%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2720	+0.190%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2700	+0.032%	$2.5M	$1.9M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2700	+0.032%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.204%	$1K	$948K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2720	+0.190%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0258%	4h	1.2690	−0.047%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0364%	4h	1.2700	+0.032%	$421K	$106K	20x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0560%	1h	1.2696	long leg	$56K	$60K	10x
Aster RIVERUSDT	+0.0639%	4h	1.2704	+0.060%	$73K	$29K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0652%	4h	1.2720	+0.190%	$3.7M	$1.5M	50x	as long as short
BloFin RIVER-USDTshort	+0.0656%	4h	1.2710	+0.111%	$421K	$33K	50x
Binance RIVERUSDT	+0.0660%	4h	1.2719	+0.182%	$6.1M	$10.2M	50x	as long as short
Variational Omni RIVER	+0.1119%	4h	1.2684	−0.096%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1494%	4h	1.2710	+0.111%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1559%	4h	1.2710	+0.111%	$3.8M	$1.7M	25x	as long as short