Settings8H · net · $10k
Funding arb · Price arb /

RIVER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0814%/8h= +89.1% APRpaid last 24h −0.173%
Price spread now: HTX against Kraken Futures−0.319%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.282%−$28 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. HTX is 0.319% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.319% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 31 hours of funding at the current rate (+$24 a day). Mind the row above: over the last 7 days funding on this pair cost −0.282%, 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 -0.282% in total (about -14.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_RIVERUSD1.2771−0.0714get 0.0089% / 1h25m 32s$52K$89K10x
ShortHTX RIVER-USDT1.27300.0100get 0.0050% / 4h1h 25m$49K$71K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$170.97
Price spread: −0.319% → 0.000%
−$31.92
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$117.06
Costs to cover
0.220%
Break-even
2.2 days
Slippage unknown: Kraken Futures: no order-book sample; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell HTX no order-book sample
Kraken Futures and HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_RIVERUSDlong−0.0714%1h1.2771long leg$52K$89K10x
Lighter RIVER+0.0096%1h1.2740−0.241%$41K$14K3xas long as short
KuCoin RIVERUSDTM+0.0100%4h1.2730−0.319%$2.5M$3.9M50xas long as short
Variational Omni RIVER+0.0100%4h1.2733−0.297%$43K$3Kas long as short
GRVT RIVER_USDT_Perp+0.0100%4h1.2696−0.589%$38K$453K10xas long as short
SunX RIVER-USDT+0.0100%4h1.2710−0.476%$1K$1.2M20xas long as short
HTX RIVER-USDTshort+0.0100%4h1.2730−0.319%$49K$71K20x
Gate RIVER_USDT+0.0108%4h1.2720−0.397%$428K$103K20xas long as short
Bybit RIVERUSDT+0.0168%4h1.2740−0.241%$3.9M$1.8M25xas long as short
OKX RIVER-USDT-SWAP+0.0186%4h1.2750−0.163%$2.1M$4.1M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget RIVERUSDT+0.0224%4h1.2730−0.319%$3.1M$2.4M20xas long as short
BingX RIVER-USDT+0.0390%4h1.2740−0.241%$6.8Mas long as short
BloFin RIVER-USDT+0.0412%4h1.2670−0.789%$396K$31K50xas long as short
MEXC RIVER_USDT+0.0414%4h1.2740−0.241%$3.7M$1.6M50xas long as short
Binance RIVERUSDT+0.0425%4h1.2753−0.137%$6.1M$12.0M50xas long as short
Aster RIVERUSDT+0.0573%4h1.2740−0.241%$71K$28K10xas long as short