Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.034%

Price spread now: MEXC against Kraken Futures−0.140%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 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 $0 a day on $10k at the current rate, and MEXC is 0.140% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2678	0.0725	pay 0.0091% / 1h	39m 57s	$57K	$74K	10x
Short	MEXC RIVER_USDT	1.2660	0.0714	get 0.0357% / 4h	39m 57s	$3.7M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$2.21
Price spread: −0.140% → 0.000%: −$14.03
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	3.94 bp	13.0 bp −$13	43.0 bp −$430	184.9 bp −$18.5K	681.2 bp −$340.6K

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	1.2660	−0.140%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2650	−0.219%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2640	−0.298%	$2.4M	$2.2M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2697	+0.148%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2630	−0.377%	$2K	$977K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2690	+0.096%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0318%	4h	1.2650	−0.219%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0330%	4h	1.2650	−0.219%	$420K	$110K	20x	as long as short
Aster RIVERUSDT	+0.0590%	4h	1.2643	−0.273%	$73K	$29K	10x	as long as short
BloFin RIVER-USDT	+0.0704%	4h	1.2670	−0.061%	$418K	$33K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0705%	4h	1.2660	−0.140%	$6.1M	$10.4M	50x	as long as short
MEXC RIVER_USDTshort	+0.0714%	4h	1.2660	−0.140%	$3.7M	$1.5M	50x
Kraken Futures PF_RIVERUSDlong	+0.0725%	1h	1.2678	long leg	$57K	$74K	10x
Variational Omni RIVER	+0.1006%	4h	1.2663	−0.113%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1256%	4h	1.2660	−0.140%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1307%	4h	1.2650	−0.219%	$3.8M	$1.7M	25x	as long as short