Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.108%

Price spread now: BingX against Kraken Futures−0.095%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 BingX

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

Funding pays, the price is against you. BingX is 0.095% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 39 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2412	0.0295	pay 0.0037% / 1h	54m 31s	$66K	$102K	10x
Short	BingX RIVER-USDT	1.2400	0.0488	get 0.0244% / 4h	1h 54m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $40.51
Price spread: −0.095% → 0.000%: −$9.51
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $11
Costs to cover: 0.200%
Break-even: 5.1 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 1 min ago. 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 BingX live order book, 1 min ago	12.07 bp	38.4 bp −$38	76.2 bp −$762	410.3 bp −$41.0K	doesn't fit

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 exchanges

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	1.2400	−0.095%	$40K	$10K	3x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2410	−0.015%	$415K	$91K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2380	−0.256%	$2.5M	$4.6M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2412	0.000%	$42K	$5K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2440	+0.229%	$30K	$402K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2390	−0.176%	$2K	$1.3M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2530	+0.952%	$47K	$39K	20x	as long as short
Bybit RIVERUSDT	+0.0109%	4h	1.2400	−0.095%	$3.8M	$1.6M	25x	as long as short
Bitget RIVERUSDT	+0.0112%	4h	1.2380	−0.256%	$3.1M	$2.5M	20x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0295%	1h	1.2412	long leg	$66K	$102K	10x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDT	+0.0328%	4h	1.2400	−0.097%	$69K	$22K	10x	as long as short
OKX RIVER-USDT-SWAP	+0.0352%	4h	1.2390	−0.176%	$2.0M	$3.8M	20x	as long as short
BingX RIVER-USDTshort	+0.0488%	4h	1.2400	−0.095%	—	$6.8M	—
MEXC RIVER_USDT	+0.0492%	4h	1.2390	−0.176%	$3.7M	$1.7M	50x	as long as short
Binance RIVERUSDT	+0.0492%	4h	1.2396	−0.131%	$6.0M	$11.9M	50x	as long as short
BloFin RIVER-USDT	+0.0549%	4h	1.2430	+0.147%	$392K	$28K	50x	as long as short