Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h +0.023%

Price spread now: Lighter against BloFin−0.156%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.156% cheaper against BloFin than usual: you would sell low and buy high (−$16 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	BloFin RIVER-USDT	1.2840	0.0498	pay 0.0249% / 4h	3h 14m	$423K	$34K	50x
Short	Lighter RIVER	1.2820	0.0096	get 0.0012% / 1h	14m 40s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$84.37
Price spread: −0.156% → 0.000%: −$15.58
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$111.95
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 56 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 BloFin live order book, 56 min ago	3.95 bp	32.9 bp −$33	57.8 bp −$578	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	1.2820	−0.156%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2830	−0.078%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2800	−0.312%	$2.5M	$2.5M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2762	−0.607%	$35K	$437K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2800	−0.312%	$2K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2830	−0.078%	$49K	$94K	20x	as long as short
Bitget RIVERUSDT	+0.0238%	4h	1.2820	−0.156%	$3.0M	$1.9M	20x	as long as short
Variational Omni RIVER	+0.0303%	4h	1.2808	−0.249%	$43K	$20K	—	as long as short
BloFin RIVER-USDTlong	+0.0498%	4h	1.2840	long leg	$423K	$34K	50x
MEXC RIVER_USDT	+0.0550%	4h	1.2820	−0.156%	$3.8M	$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
Gate RIVER_USDT	+0.0552%	4h	1.2800	−0.312%	$430K	$112K	20x	as long as short
Binance RIVERUSDT	+0.0554%	4h	1.2833	−0.058%	$6.2M	$10.5M	50x	as long as short
Aster RIVERUSDT	+0.0672%	4h	1.2798	−0.326%	$73K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0781%	1h	1.2840	−0.002%	$58K	$71K	10x	as long as short
BingX RIVER-USDT	+0.1054%	4h	1.2830	−0.078%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1280%	4h	1.2810	−0.234%	$3.8M	$1.7M	25x	as long as short