Settings8H · net · $10k
Funding arb · Price arb /

RIVER

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0512%/8h= +56.1% APRpaid last 24h +0.159%
Price spread now: Kraken Futures against SunX+0.325%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.317%+$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.325% dearer against SunX than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.317% in total (about 16.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX RIVER-USDT1.27800.0100pay 0.0050% / 4h3h 26m$2K$1.1M20x
ShortKraken Futures PF_RIVERUSD1.28220.0612get 0.0077% / 1h26m 52s$58K$67K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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

Funding earned
$107.59
Price spread: +0.325% → 0.000%
$32.5
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$122.08
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SunX: live order book, 6 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago496.68 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RIVER+0.0096%1h1.2810+0.235%$41K$14K3xas long as short
KuCoin RIVERUSDTM+0.0100%4h1.2800+0.156%$2.5M$3.5M50xas long as short
Variational Omni RIVER+0.0100%4h1.2833+0.413%$43K$4Kas long as short
SunX RIVER-USDTlong+0.0100%4h1.2780long leg$2K$1.1M20x
HTX RIVER-USDT+0.0100%4h1.2860+0.626%$50K$71K20xas long as short
OKX RIVER-USDT-SWAP+0.0237%4h1.2810+0.235%$2.1M$4.0M20xas long as short
GRVT RIVER_USDT_Perp+0.0356%4h1.2820+0.310%$30K$459K10xas long as short
Bybit RIVERUSDT+0.0433%4h1.2790+0.078%$3.9M$1.8M25xas long as short
BloFin RIVER-USDT+0.0462%4h1.2830+0.391%$412K$33K50xas long as short
Bitget RIVERUSDT+0.0472%4h1.2810+0.235%$3.1M$2.2M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance RIVERUSDT+0.0488%4h1.2810+0.235%$6.1M$11.3M50xas long as short
MEXC RIVER_USDT+0.0492%4h1.2810+0.235%$3.7M$1.6M50xas long as short
Kraken Futures PF_RIVERUSDshort+0.0612%1h1.2822+0.325%$58K$67K10x
BingX RIVER-USDT+0.0672%4h1.2810+0.235%$6.8Mas long as short
Gate RIVER_USDT+0.0794%4h1.2810+0.235%$431K$103K20xas long as short
Aster RIVERUSDT+0.0843%4h1.2810+0.235%$73K$27K10xas long as short