Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h −0.116%

Price spread now: Kraken Futures against BingX+0.076%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.508%−$51 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.076% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.508%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RIVER-USDT	1.2680	0.0568	pay 0.0284% / 4h	3h 55m	—	$6.8M	—
Short	Kraken Futures PF_RIVERUSD	1.2690	0.0790	get 0.0099% / 1h	55m 38s	$57K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.076%Rate

Funding earned: $46.6
Price spread: +0.076% → 0.000%: $7.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $34.25
Costs to cover: 0.200%
Break-even: 1.9 days

Slippage unknown: BingX: live order book, 2 min ago; 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 BingX live order book, 2 min ago	7.89 bp	12.9 bp −$13	51.3 bp −$513	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	1.2650	−0.237%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2650	−0.237%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2650	−0.237%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2664	−0.129%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.079%	$2K	$997K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.237%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0250%	4h	1.2650	−0.237%	$3.0M	$1.9M	20x	as long as short
BloFin RIVER-USDT	+0.0536%	4h	1.2660	−0.158%	$419K	$33K	50x	as long as short
Variational Omni RIVER	+0.0566%	4h	1.2683	+0.026%	$42K	$20K	—	as long as short
BingX RIVER-USDTlong	+0.0568%	4h	1.2680	long leg	—	$6.8M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0582%	4h	1.2660	−0.158%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0594%	4h	1.2650	−0.237%	$6.1M	$10.5M	50x	as long as short
Aster RIVERUSDT	+0.0596%	4h	1.2663	−0.134%	$73K	$31K	10x	as long as short
Gate RIVER_USDT	+0.0662%	4h	1.2660	−0.158%	$426K	$111K	20x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0790%	1h	1.2690	+0.076%	$57K	$74K	10x
Bybit RIVERUSDT	+0.0831%	4h	1.2650	−0.237%	$3.8M	$1.7M	25x	as long as short