Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.025%

Price spread now: Aster against Kraken Futures−0.065%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Aster is 0.065% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2662	0.0562	pay 0.0070% / 1h	25m 58s	$57K	$63K	10x
Short	Aster RIVERUSDT	1.2654	0.0595	get 0.0297% / 4h	1h 25m	$73K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.065%Rate

Funding earned: $6.93
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.55
Costs to cover: 0.180%
Break-even: 24.7 days

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

Kraken Futures and Aster: 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	1.2640	−0.173%	$41K	$17K	3x	as long as short
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2630	−0.252%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2640	−0.173%	$2.4M	$2.0M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2641	−0.166%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2620	−0.331%	$2K	$954K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2640	−0.173%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0194%	4h	1.2640	−0.173%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0408%	4h	1.2620	−0.331%	$419K	$108K	20x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0562%	1h	1.2662	long leg	$57K	$63K	10x
Aster RIVERUSDTshort	+0.0595%	4h	1.2654	−0.065%	$73K	$29K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0605%	4h	1.2660	−0.015%	$422K	$33K	50x	as long as short
MEXC RIVER_USDT	+0.0638%	4h	1.2650	−0.094%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0638%	4h	1.2640	−0.173%	$6.0M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1160%	4h	1.2633	−0.225%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1476%	4h	1.2640	−0.173%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1569%	4h	1.2650	−0.094%	$3.8M	$1.7M	25x	as long as short