Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0538%/8h= +58.9% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against Variational Omni−0.020%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RIVER	1.2683	0.0100	pay 0.0050% / 4h	19m 38s	$42K	$20K	—
Short	Kraken Futures PF_RIVERUSD	1.2680	0.0638	get 0.0080% / 1h	19m 38s	$57K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.020%Rate

Funding earned: $112.92
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $100.93
Costs to cover: 0.100%
Break-even: 0.7 days

Slippage unknown: Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni 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 RIVER	+0.0096%	1h	1.2680	−0.021%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2670	−0.100%	$2.5M	$3.2M	50x	as long as short
Variational Omni RIVERlong	+0.0100%	4h	1.2683	long leg	$42K	$20K	—
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2690	+0.060%	$33K	$462K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2660	−0.179%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.216%	$47K	$66K	20x	as long as short
Gate RIVER_USDT	+0.0206%	4h	1.2660	−0.179%	$427K	$103K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0208%	4h	1.2690	+0.058%	$2.0M	$3.9M	20x	as long as short
Bybit RIVERUSDT	+0.0321%	4h	1.2670	−0.100%	$3.8M	$1.8M	25x	as long as short
BloFin RIVER-USDT	+0.0383%	4h	1.2690	+0.058%	$414K	$32K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0398%	4h	1.2670	−0.100%	$3.7M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0402%	4h	1.2680	−0.021%	$6.1M	$11.2M	50x	as long as short
BingX RIVER-USDT	+0.0462%	4h	1.2680	−0.021%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0474%	4h	1.2670	−0.100%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0638%	1h	1.2680	−0.020%	$57K	$70K	10x
Aster RIVERUSDT	+0.0838%	4h	1.2665	−0.137%	$72K	$28K	10x	as long as short