Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h −0.035%

Price spread now: Bitget against Kraken Futures−0.372%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 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. Bitget is 0.372% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.372% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 4.2 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.238% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2808	0.0309	pay 0.0039% / 1h	11m 01s	$58K	$70K	10x
Short	Bitget RIVERUSDT	1.2760	0.0606	get 0.0303% / 4h	1h 11m	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.372%Rate

Funding earned: $62.39
Price spread: −0.372% → 0.000%: −$37.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $3.22
Costs to cover: 0.220%
Break-even: 6.6 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	7.83 bp	21.0 bp −$21	345.0 bp −$3,450	doesn't fit	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 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	1.2780	−0.216%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2760	−0.372%	$2.5M	$3.0M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2768	−0.313%	$43K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2810	+0.019%	$37K	$447K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2770	−0.294%	$2K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2820	+0.097%	$48K	$67K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0238%	4h	1.2790	−0.137%	$2.1M	$3.8M	20x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0309%	1h	1.2808	long leg	$58K	$70K	10x
BloFin RIVER-USDT	+0.0388%	4h	1.2790	−0.137%	$430K	$32K	50x	as long as short
MEXC RIVER_USDT	+0.0402%	4h	1.2790	−0.137%	$3.9M	$1.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0404%	4h	1.2799	−0.063%	$6.1M	$10.8M	50x	as long as short
Gate RIVER_USDT	+0.0410%	4h	1.2790	−0.137%	$432K	$103K	20x	as long as short
Bybit RIVERUSDT	+0.0426%	4h	1.2780	−0.216%	$3.9M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0594%	4h	1.2790	−0.137%	—	$6.8M	—	as long as short
Bitget RIVERUSDTshort	+0.0606%	4h	1.2760	−0.372%	$3.0M	$1.9M	20x
Aster RIVERUSDT	+0.0875%	4h	1.2775	−0.254%	$73K	$29K	10x	as long as short