Funding you earn now, next payment 05:00 UTC−0.0513%/8h= −56.2% APRpaid last 24h −0.159%
Price spread now: KuCoin against Kraken Futures−0.050%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−0.006%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.050% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% 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 | 1.2806 | 0.0613 | pay 0.0077% / 1h | 42m 53s | $58K | $67K | 10x |
| Short | KuCoin RIVERUSDTM | 1.2800 | 0.0100 | get 0.0050% / 4h | 3h 42m | $2.5M | $3.4M | 50x |
Kraken Futures PF_RIVERUSD
KuCoin RIVERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$107.74
- Price spread: −0.050% → 0.000%
- −$5.01
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$134.75
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 7.85 bp | 28.1 bp −$28 | 554.4 bp −$5,544 | doesn't fit | 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 | 1.2810 | +0.028% | $41K | $14K | 3x | as long as short |
| KuCoin RIVERUSDTMshort | +0.0100% | 4h | 1.2800 | −0.050% | $2.5M | $3.4M | 50x | |
| Variational Omni RIVER | +0.0100% | 4h | 1.2748 | −0.458% | $43K | $8K | — | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2770 | −0.284% | $1K | $1.1M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2810 | +0.028% | $48K | $66K | 20x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0239% | 4h | 1.2810 | +0.028% | $2.1M | $4.0M | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0398% | 4h | 1.2791 | −0.117% | $33K | $449K | 10x | as long as short |
| MEXC RIVER_USDT | +0.0464% | 4h | 1.2800 | −0.050% | $3.8M | $1.6M | 50x | as long as short |
| Binance RIVERUSDT | +0.0473% | 4h | 1.2800 | −0.050% | $6.1M | $11.3M | 50x | as long as short |
| Bitget RIVERUSDT | +0.0482% | 4h | 1.2800 | −0.050% | $3.0M | $2.2M | 20x | as long as short |
Lighter RIVER
Variational Omni RIVER
SunX RIVER-USDT
HTX RIVER-USDT
OKX RIVER-USDT-SWAP
GRVT RIVER_USDT_Perp
MEXC RIVER_USDT
Binance RIVERUSDT
Bitget RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDT | +0.0528% | 4h | 1.2830 | +0.184% | $418K | $33K | 50x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.0613% | 1h | 1.2806 | long leg | $58K | $67K | 10x | |
| Aster RIVERUSDT | +0.0852% | 4h | 1.2791 | −0.119% | $73K | $27K | 10x | as long as short |
| BingX RIVER-USDT | +0.1082% | 4h | 1.2800 | −0.050% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1139% | 4h | 1.2780 | −0.206% | $3.9M | $1.8M | 25x | as long as short |
| Gate RIVER_USDT | +0.1194% | 4h | 1.2800 | −0.050% | $431K | $102K | 20x | as long as short |
BloFin RIVER-USDT
Aster RIVERUSDT
BingX RIVER-USDT
Bybit RIVERUSDT
Gate RIVER_USDT