Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h −0.079%

Price spread now: Kraken Futures against BingX+0.069%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−0.591%−$59 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 +$1 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against BingX than usual: you sell high and buy low: +$7 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 −0.591%, 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	1.2470	0.0542	pay 0.0271% / 4h	2h 54m	—	$6.8M	—
Short	Kraken Futures PF_RIVERUSD	1.2479	0.0561	get 0.0070% / 1h	54m 31s	$52K	$84K	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 +0.069%Rate

Funding earned: $3.9
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$9.16
Costs to cover: 0.200%
Break-even: 23.4 days

Slippage unknown: BingX: live order book, 8 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, 8 min ago	7.94 bp	13.9 bp −$14	72.2 bp −$722	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	1.2460	−0.080%	$40K	$10K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2450	−0.160%	$2.4M	$4.4M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2578	+0.862%	$43K	$6K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2600	+1.043%	$34K	$426K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2460	−0.080%	$2K	$1.3M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2590	+0.962%	$47K	$69K	20x	as long as short
Bitget RIVERUSDT	+0.0148%	4h	1.2450	−0.160%	$3.1M	$2.6M	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0354%	4h	1.2460	−0.080%	$2.0M	$3.9M	20x	as long as short
Gate RIVER_USDT	+0.0376%	4h	1.2450	−0.160%	$417K	$103K	20x	as long as short
Bybit RIVERUSDT	+0.0400%	4h	1.2430	−0.321%	$3.8M	$1.6M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDT	+0.0507%	4h	1.2508	+0.303%	$70K	$30K	10x	as long as short
BingX RIVER-USDTlong	+0.0542%	4h	1.2470	long leg	—	$6.8M	—
BloFin RIVER-USDT	+0.0551%	4h	1.2570	+0.802%	$391K	$31K	50x	as long as short
Binance RIVERUSDT	+0.0553%	4h	1.2480	+0.080%	$6.0M	$12.1M	50x	as long as short
Kraken Futures PF_RIVERUSDshort	+0.0561%	1h	1.2479	+0.069%	$52K	$84K	10x
MEXC RIVER_USDT	+0.0568%	4h	1.2450	−0.160%	$3.5M	$1.7M	50x	as long as short