RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0811%/8h= +88.8% APRnext payment +$1.01 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter against Kraken Futures−0.234%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.234% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.234% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 23 hours of funding at the current rate (+$24 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2760	−0.0715	get 0.0089% / 1h	20m 58s	$52K	$89K	10x
Short	Lighter RIVER	1.2730	0.0096	get 0.0012% / 1h	20m 58s	$41K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.234%Rate

Funding earned: $170.26
Price spread: −0.234% → 0.000%: −$23.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $136.87
Costs to cover: 0.100%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: no order-book sample; Lighter: 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 Lighter no order-book sample	—	—	—	—	—

Kraken Futures and Lighter: 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	−0.0715%	1h	1.2760	long leg	$52K	$89K	10x
Lighter RIVERshort	+0.0096%	1h	1.2730	−0.234%	$41K	$14K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2720	−0.312%	$2.5M	$3.9M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2733	−0.212%	$43K	$3K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2728	−0.252%	$27K	$466K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2700	−0.469%	$2K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2780	+0.158%	$49K	$71K	20x	as long as short
Gate RIVER_USDT	+0.0140%	4h	1.2730	−0.234%	$428K	$103K	20x	as long as short
Bybit RIVERUSDT	+0.0180%	4h	1.2720	−0.312%	$3.9M	$1.7M	25x	as long as short
OKX RIVER-USDT-SWAP	+0.0197%	4h	1.2730	−0.234%	$2.1M	$4.1M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget RIVERUSDT	+0.0212%	4h	1.2720	−0.312%	$3.0M	$2.3M	20x	as long as short
BloFin RIVER-USDT	+0.0367%	4h	1.2740	−0.156%	$397K	$31K	50x	as long as short
BingX RIVER-USDT	+0.0406%	4h	1.2730	−0.234%	—	$6.8M	—	as long as short
MEXC RIVER_USDT	+0.0422%	4h	1.2730	−0.234%	$3.7M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0422%	4h	1.2737	−0.182%	$6.1M	$11.9M	50x	as long as short
Aster RIVERUSDT	+0.0571%	4h	1.2734	−0.204%	$71K	$28K	10x	as long as short