Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0412%/8h= −45.2% APRpaid last 24h +0.061%

Price spread now: Lighter against Binance+0.446%7-day average — · you sell dearer than you buy

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

Long on Binance 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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.446% dearer against Binance than usual: you sell high and buy low (spread +0.446% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RIVERUSDT	1.2584	0.0508	pay 0.0254% / 4h	2h 54m	$6.0M	$10.3M	50x
Short	Lighter RIVER	1.2640	0.0096	get 0.0012% / 1h	54m 28s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.446%Rate

Funding earned: −$86.61
Price spread: +0.446% → 0.000%: $44.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$52
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 15 min ago; 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 Binance live order book, 15 min ago	3.96 bp	16.1 bp −$16	82.9 bp −$829	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	1.2640	+0.446%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2600	+0.128%	$2.0M	$3.7M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2600	+0.128%	$418K	$107K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	+0.287%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2600	+0.128%	$3.0M	$1.9M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2620	+0.288%	$34K	$454K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2620	+0.287%	$2K	$932K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2650	+0.526%	$48K	$96K	20x	as long as short
Aster RIVERUSDT	+0.0456%	4h	1.2637	+0.424%	$73K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0480%	1h	1.2666	+0.650%	$57K	$63K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0508%	4h	1.2620	+0.287%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDTlong	+0.0508%	4h	1.2584	long leg	$6.0M	$10.3M	50x
BloFin RIVER-USDT	+0.0525%	4h	1.2620	+0.287%	$420K	$35K	50x	as long as short
Variational Omni RIVER	+0.1161%	4h	1.2615	+0.247%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1550%	4h	1.2580	−0.031%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1644%	4h	1.2600	+0.128%	$3.8M	$1.7M	25x	as long as short