RIVER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0612%/8h= +67.0% APRnext payment +$0.76 per $10,000 · paid last 24h +0.017%

Price spread now: Kraken Futures against Lighter+0.036%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Kraken Futures

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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.036% dearer against Lighter than usual: you sell high and buy low: +$4 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	Lighter RIVER	1.2880	0.0096	pay 0.0012% / 1h	6m 07s	$42K	$14K	3x
Short	Kraken Futures PF_RIVERUSD	1.2885	0.0708	get 0.0088% / 1h	6m 07s	$53K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now +0.036%Rate

Funding earned: $128.49
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $122.13
Costs to cover: 0.100%
Break-even: 0.3 days

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

Lighter and 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 RIVERlong	+0.0096%	1h	1.2880	long leg	$42K	$14K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2890	+0.078%	$2.6M	$3.7M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2858	−0.173%	$43K	$4K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2869	−0.086%	$27K	$464K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2870	−0.078%	$1K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2950	+0.543%	$50K	$71K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0198%	4h	1.2890	+0.078%	$2.1M	$4.1M	20x	as long as short
Bitget RIVERUSDT	+0.0324%	4h	1.2890	+0.078%	$3.1M	$2.3M	20x	as long as short
Gate RIVER_USDT	+0.0346%	4h	1.2900	+0.155%	$434K	$105K	20x	as long as short
Bybit RIVERUSDT	+0.0352%	4h	1.2880	0.000%	$3.9M	$1.8M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RIVER-USDT	+0.0410%	4h	1.2890	+0.078%	—	$6.8M	—	as long as short
Binance RIVERUSDT	+0.0439%	4h	1.2885	+0.040%	$6.2M	$11.8M	50x	as long as short
MEXC RIVER_USDT	+0.0440%	4h	1.2900	+0.155%	$3.7M	$1.7M	50x	as long as short
BloFin RIVER-USDT	+0.0471%	4h	1.2920	+0.311%	$401K	$31K	50x	as long as short
Aster RIVERUSDT	+0.0638%	4h	1.2870	−0.074%	$72K	$28K	10x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0708%	1h	1.2885	+0.036%	$53K	$80K	10x