Funding you earn now, next payment 01:00 UTC−0.0682%/8h= −74.7% APRpaid last 24h −0.094%
Price spread now: OKX against Kraken Futures−0.175%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−0.082%−$8 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 −$20 a day on $10k at the current rate, and OKX is 0.175% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 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 -0.082% in total (about -4.3% 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 | 1.2812 | 0.0782 | pay 0.0098% / 1h | 4m 14s | $58K | $70K | 10x |
| Short | OKX RIVER-USDT-SWAP | 1.2790 | 0.0100 | get 0.0050% / 4h | 3h 04m | $2.1M | $3.8M | 20x |
Kraken Futures PF_RIVERUSD
OKX RIVER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$143.29
- Price spread: −0.175% → 0.000%
- −$17.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$180.79
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 3.90 bp | 18.7 bp −$19 | 109.2 bp −$1,092 | 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 | 1.2810 | −0.019% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAPshort | +0.0100% | 4h | 1.2790 | −0.175% | $2.1M | $3.8M | 20x | |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2790 | −0.175% | $2.5M | $2.5M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2780 | −0.253% | $35K | $425K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2780 | −0.253% | $2K | $1.0M | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2850 | +0.293% | $49K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0254% | 4h | 1.2810 | −0.019% | $3.0M | $1.9M | 20x | as long as short |
| Variational Omni RIVER | +0.0423% | 4h | 1.2793 | −0.154% | $43K | $20K | — | as long as short |
| BloFin RIVER-USDT | +0.0546% | 4h | 1.2850 | +0.293% | $427K | $34K | 50x | as long as short |
| Binance RIVERUSDT | +0.0566% | 4h | 1.2810 | −0.019% | $6.2M | $10.5M | 50x | as long as short |
Lighter RIVER
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Variational Omni RIVER
BloFin RIVER-USDT
Binance RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0570% | 4h | 1.2820 | +0.059% | $3.8M | $1.5M | 50x | as long as short |
| Aster RIVERUSDT | +0.0709% | 4h | 1.2795 | −0.136% | $73K | $31K | 10x | as long as short |
| Gate RIVER_USDT | +0.0758% | 4h | 1.2800 | −0.097% | $429K | $113K | 20x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.0782% | 1h | 1.2812 | long leg | $58K | $70K | 10x | |
| BingX RIVER-USDT | +0.1402% | 4h | 1.2830 | +0.137% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1564% | 4h | 1.2790 | −0.175% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
Aster RIVERUSDT
Gate RIVER_USDT
BingX RIVER-USDT
Bybit RIVERUSDT