Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h +0.077%

Price spread now: Lighter against Bitget0.000%7-day average — · you sell dearer than you buy

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

Long on Bitget 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: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget RIVERUSDT	1.2630	0.0260	pay 0.0130% / 4h	11m 14s	$3.0M	$1.9M	20x
Short	Lighter RIVER	1.2630	0.0096	get 0.0012% / 1h	11m 14s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$34.44
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.44
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	7.91 bp	16.7 bp −$17	256.4 bp −$2,564	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	1.2630	0.000%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2620	−0.079%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	−0.079%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2640	+0.079%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2610	−0.158%	$2K	$992K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2660	+0.238%	$48K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0184%	4h	1.2620	−0.079%	$425K	$114K	20x	as long as short
Bitget RIVERUSDTlong	+0.0260%	4h	1.2630	long leg	$3.0M	$1.9M	20x
Aster RIVERUSDT	+0.0554%	4h	1.2627	−0.023%	$72K	$31K	10x	as long as short
MEXC RIVER_USDT	+0.0612%	4h	1.2630	0.000%	$3.7M	$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	+0.0613%	4h	1.2634	+0.035%	$6.1M	$10.5M	50x	as long as short
BloFin RIVER-USDT	+0.0651%	4h	1.2640	+0.079%	$416K	$33K	50x	as long as short
Variational Omni RIVER	+0.0683%	4h	1.2623	−0.054%	$42K	$20K	—	as long as short
Kraken Futures PF_RIVERUSD	+0.0727%	1h	1.2634	+0.029%	$57K	$74K	10x	as long as short
BingX RIVER-USDT	+0.1078%	4h	1.2630	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1089%	4h	1.2620	−0.079%	$3.8M	$1.7M	25x	as long as short