Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0746%/8h= −81.7% APRpaid last 24h +0.036%

Price spread now: Lighter against Aster−0.127%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Lighter is 0.127% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster RIVERUSDT	1.2676	0.0842	pay 0.0421% / 4h	54m 15s	$73K	$29K	10x
Short	Lighter RIVER	1.2660	0.0096	get 0.0012% / 1h	54m 15s	$41K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$156.71
Price spread: −0.127% → 0.000%: −$12.69
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$177.39
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Lighter: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Aster and Lighter: 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 RIVERshort	+0.0096%	1h	1.2660	−0.127%	$41K	$14K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2650	−0.206%	$2.5M	$3.1M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2683	+0.054%	$42K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2678	+0.012%	$29K	$452K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2650	−0.206%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.268%	$47K	$67K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0224%	4h	1.2670	−0.048%	$2.1M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0288%	4h	1.2670	−0.048%	$428K	$102K	20x	as long as short
Bybit RIVERUSDT	+0.0334%	4h	1.2650	−0.206%	$3.8M	$1.7M	25x	as long as short
MEXC RIVER_USDT	+0.0392%	4h	1.2660	−0.127%	$3.7M	$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	+0.0394%	4h	1.2662	−0.111%	$6.1M	$11.0M	50x	as long as short
BloFin RIVER-USDT	+0.0430%	4h	1.2700	+0.189%	$430K	$32K	50x	as long as short
BingX RIVER-USDT	+0.0538%	4h	1.2670	−0.048%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0554%	4h	1.2660	−0.127%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0639%	1h	1.2657	−0.151%	$57K	$70K	10x	as long as short
Aster RIVERUSDTlong	+0.0842%	4h	1.2676	long leg	$73K	$29K	10x