Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.147%

Price spread now: SunX against Kraken Futures+0.037%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.037% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_RIVERUSD	1.2765	0.0310	pay 0.0039% / 1h	28m 44s	$57K	$70K	10x
Short	SunX RIVER-USDT	1.2770	0.0100	get 0.0050% / 4h	1h 28m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$44.09
Price spread: +0.037% → 0.000%: $3.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$58.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	506.08 bp	doesn't fit	doesn't fit	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	1.2750	−0.120%	$41K	$14K	3x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2750	−0.120%	$2.5M	$2.9M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2767	+0.016%	$43K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2736	−0.226%	$37K	$447K	10x	as long as short
SunX RIVER-USDTshort	+0.0100%	4h	1.2770	+0.037%	$1K	$1.1M	20x
HTX RIVER-USDT	+0.0100%	4h	1.2790	+0.193%	$48K	$68K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0219%	4h	1.2750	−0.120%	$2.1M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0290%	4h	1.2770	+0.037%	$431K	$102K	20x	as long as short
Kraken Futures PF_RIVERUSDlong	+0.0310%	1h	1.2765	long leg	$57K	$70K	10x
MEXC RIVER_USDT	+0.0410%	4h	1.2750	−0.120%	$3.9M	$1.5M	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	+0.0410%	4h	1.2760	−0.042%	$6.1M	$10.8M	50x	as long as short
BloFin RIVER-USDT	+0.0433%	4h	1.2810	+0.350%	$429K	$33K	50x	as long as short
Bybit RIVERUSDT	+0.0470%	4h	1.2750	−0.120%	$3.8M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0488%	4h	1.2760	−0.042%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0552%	4h	1.2760	−0.042%	$3.0M	$1.9M	20x	as long as short
Aster RIVERUSDT	+0.0884%	4h	1.2778	+0.098%	$73K	$29K	10x	as long as short