Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0945%/8h= −103.5% APRpaid last 24h −0.007%

Price spread now: Kraken Futures against BloFin−0.001%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

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

Together, before fees—needs 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: −$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RIVER-USDT	1.2550	0.0490	pay 0.0245% / 4h	3h 41m	$392K	$30K	50x
Short	Kraken Futures PF_RIVERUSD	1.2550	−0.0455	pay 0.0057% / 1h	41m 14s	$52K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$198.49
Price spread: −0.001% → 0.000%: −$0.11
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$220.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 34 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 BloFin live order book, 34 min ago	3.96 bp	29.0 bp −$29	62.2 bp −$622	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
Kraken Futures PF_RIVERUSDshort	−0.0455%	1h	1.2550	−0.001%	$52K	$87K	10x
Lighter RIVER	+0.0096%	1h	1.2530	−0.159%	$41K	$13K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2540	−0.080%	$421K	$94K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2520	−0.239%	$2.5M	$4.3M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2573	+0.183%	$43K	$7K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2540	−0.080%	$34K	$445K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2510	−0.319%	$2K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2610	+0.478%	$49K	$71K	20x	as long as short
Bitget RIVERUSDT	+0.0240%	4h	1.2520	−0.239%	$3.1M	$2.5M	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0363%	4h	1.2540	−0.080%	$2.1M	$4.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit RIVERUSDT	+0.0419%	4h	1.2530	−0.159%	$3.8M	$1.7M	25x	as long as short
Binance RIVERUSDT	+0.0468%	4h	1.2530	−0.159%	$6.0M	$12.1M	50x	as long as short
MEXC RIVER_USDT	+0.0474%	4h	1.2530	−0.159%	$3.6M	$1.6M	50x	as long as short
BloFin RIVER-USDTlong	+0.0490%	4h	1.2550	long leg	$392K	$30K	50x
Aster RIVERUSDT	+0.0574%	4h	1.2529	−0.169%	$70K	$29K	10x	as long as short
BingX RIVER-USDT	+0.0642%	4h	1.2530	−0.159%	—	$6.8M	—	as long as short