Funding you earn now, next payment 23:00 UTC+0.0938%/8h= +102.8% APRpaid last 24h +0.101%
Price spread now: Bybit against Kraken Futures−0.378%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+0.367%+$37 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. Bybit is 0.378% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.378% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 32 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.367% in total) that is about 7.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.367% in total (about 19.1% 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 | Kraken Futures PF_RIVERUSD | 1.2658 | 0.0562 | pay 0.0070% / 1h | 17m 44s | $58K | $63K | 10x |
| Short | Bybit RIVERUSDT | 1.2610 | 0.1501 | get 0.0750% / 4h | 1h 17m | $3.8M | $1.7M | 25x |
Kraken Futures PF_RIVERUSD
Bybit RIVERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $197.07
- Price spread: −0.378% → 0.000%
- −$37.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $138.28
- Costs to cover
- 0.210%
- Break-even
- 2.1 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 3.95 bp | 45.7 bp −$46 | 527.1 bp −$5,271 | 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 | 1.2620 | −0.299% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2610 | −0.378% | $2.0M | $3.7M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2610 | −0.378% | $2.4M | $2.1M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2660 | +0.017% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2610 | −0.378% | $2K | $959K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2640 | −0.141% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0192% | 4h | 1.2610 | −0.378% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0360% | 4h | 1.2590 | −0.536% | $418K | $108K | 20x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.0562% | 1h | 1.2658 | long leg | $58K | $63K | 10x | |
| Aster RIVERUSDT | +0.0570% | 4h | 1.2617 | −0.323% | $72K | $29K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Gate RIVER_USDT
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance RIVERUSDT | +0.0639% | 4h | 1.2616 | −0.327% | $6.0M | $10.3M | 50x | as long as short |
| BloFin RIVER-USDT | +0.0639% | 4h | 1.2650 | −0.062% | $421K | $33K | 50x | as long as short |
| MEXC RIVER_USDT | +0.0640% | 4h | 1.2610 | −0.378% | $3.7M | $1.5M | 50x | as long as short |
| Variational Omni RIVER | +0.1164% | 4h | 1.2648 | −0.074% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1468% | 4h | 1.2620 | −0.299% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTshort | +0.1501% | 4h | 1.2610 | −0.378% | $3.8M | $1.7M | 25x |
Binance RIVERUSDT
BloFin RIVER-USDT
MEXC RIVER_USDT
Variational Omni RIVER
BingX RIVER-USDT