Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.1454%/8h= −159.2% APRpaid last 24h −0.022%

Price spread now: Lighter against BingX0.000%7-day average — · you sell dearer than you buy

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

Long on BingX 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$44 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RIVER-USDT	1.2630	0.1550	pay 0.0775% / 4h	3h 07m	—	$6.8M	—
Short	Lighter RIVER	1.2630	0.0096	get 0.0012% / 1h	7m 21s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$305.34
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$315.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, just now; 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 BingX live order book, just now	7.91 bp	13.8 bp −$14	62.3 bp −$623	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
Kraken Futures PF_RIVERUSD	−0.0082%	1h	1.2645	+0.116%	$57K	$64K	10x	as long as short
Lighter RIVERshort	+0.0096%	1h	1.2630	0.000%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2630	0.000%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2630	0.000%	$418K	$109K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2630	0.000%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2630	0.000%	$3.0M	$1.9M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2639	+0.073%	$34K	$454K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2630	0.000%	$1K	$933K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2630	0.000%	$48K	$96K	20x	as long as short
Aster RIVERUSDT	+0.0448%	4h	1.2650	+0.158%	$73K	$31K	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	+0.0496%	4h	1.2630	0.000%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0498%	4h	1.2630	0.000%	$6.0M	$10.4M	50x	as long as short
BloFin RIVER-USDT	+0.0500%	4h	1.2660	+0.238%	$413K	$35K	50x	as long as short
Variational Omni RIVER	+0.1129%	4h	1.2605	−0.194%	$42K	$20K	—	as long as short
BingX RIVER-USDTlong	+0.1550%	4h	1.2630	long leg	—	$6.8M	—
Bybit RIVERUSDT	+0.1697%	4h	1.2640	+0.079%	$3.8M	$1.7M	25x	as long as short