Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1059%/8h= −115.9% APRpaid last 24h −0.023%

Price spread now: Kraken Futures against Aster+0.297%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.297% dearer against Aster than usual: you sell high and buy low (spread +0.297% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster RIVERUSDT	1.2592	0.0606	pay 0.0303% / 4h	3h 47m	$70K	$29K	10x
Short	Kraken Futures PF_RIVERUSD	1.2629	−0.0452	pay 0.0057% / 1h	47m 29s	$53K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.297%Rate

Funding earned: −$222.3
Price spread: +0.297% → 0.000%: $29.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$210.65
Costs to cover: 0.180%
Break-even: from the start

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

Aster 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
Kraken Futures PF_RIVERUSDshort	−0.0452%	1h	1.2629	+0.297%	$53K	$87K	10x
Lighter RIVER	+0.0096%	1h	1.2580	−0.093%	$41K	$13K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2590	−0.013%	$422K	$94K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2570	−0.172%	$2.5M	$4.3M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2593	+0.010%	$43K	$7K	—	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2570	−0.172%	$1K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2640	+0.384%	$49K	$71K	20x	as long as short
Bitget RIVERUSDT	+0.0254%	4h	1.2580	−0.093%	$3.1M	$2.5M	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0359%	4h	1.2590	−0.013%	$2.1M	$4.2M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0488%	4h	1.2581	−0.082%	$34K	$458K	10x	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	+0.0490%	4h	1.2570	−0.172%	$3.6M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0491%	4h	1.2596	+0.035%	$6.1M	$12.1M	50x	as long as short
BloFin RIVER-USDT	+0.0539%	4h	1.2620	+0.225%	$396K	$30K	50x	as long as short
Aster RIVERUSDTlong	+0.0606%	4h	1.2592	long leg	$70K	$29K	10x
BingX RIVER-USDT	+0.0824%	4h	1.2590	−0.013%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1037%	4h	1.2580	−0.093%	$3.8M	$1.7M	25x	as long as short