Funding you earn now, next payment 23:00 UTC−0.1066%/8h= −116.8% APRpaid last 24h −0.096%
Price spread now: Kraken Futures against Bybit−0.180%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.378%−$38 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Kraken Futures is 0.180% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.378% in total (about -19.7% 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 | Bybit RIVERUSDT | 1.2690 | 0.1628 | pay 0.0814% / 4h | 1h 59m | $3.8M | $1.7M | 25x |
| Short | Kraken Futures PF_RIVERUSD | 1.2667 | 0.0562 | get 0.0070% / 1h | 59m 01s | $56K | $61K | 10x |
Bybit RIVERUSDT
Kraken Futures PF_RIVERUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$223.94
- Price spread: −0.180% → 0.000%
- −$18.02
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$262.96
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 3.94 bp | 40.7 bp −$41 | doesn't fit | 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 | 1.2670 | −0.158% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2670 | −0.158% | $2.0M | $3.7M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2660 | −0.236% | $2.4M | $2.0M | 50x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2650 | −0.315% | $2K | $948K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2700 | +0.079% | $48K | $95K | 20x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0158% | 4h | 1.2680 | −0.081% | $31K | $429K | 10x | as long as short |
| Bitget RIVERUSDT | +0.0228% | 4h | 1.2670 | −0.158% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0252% | 4h | 1.2690 | 0.000% | $421K | $106K | 20x | as long as short |
| Kraken Futures PF_RIVERUSDshort | +0.0562% | 1h | 1.2667 | −0.180% | $56K | $61K | 10x | |
| Aster RIVERUSDT | +0.0618% | 4h | 1.2687 | −0.025% | $73K | $29K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
GRVT RIVER_USDT_Perp
Bitget RIVERUSDT
Gate RIVER_USDT
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0622% | 4h | 1.2680 | −0.079% | $3.6M | $1.4M | 50x | as long as short |
| Binance RIVERUSDT | +0.0624% | 4h | 1.2686 | −0.029% | $6.0M | $10.3M | 50x | as long as short |
| BloFin RIVER-USDT | +0.0682% | 4h | 1.2690 | 0.000% | $417K | $34K | 50x | as long as short |
| Variational Omni RIVER | +0.1103% | 4h | 1.2675 | −0.122% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1482% | 4h | 1.2680 | −0.079% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTlong | +0.1628% | 4h | 1.2690 | long leg | $3.8M | $1.7M | 25x |
MEXC RIVER_USDT
Binance RIVERUSDT
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT