Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1631%/8h= −178.5% APRpaid last 24h −0.003%

Price spread now: Lighter against Bybit+0.079%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.079% dearer against Bybit than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RIVERUSDT	1.2660	0.1727	pay 0.0863% / 4h	2h 49m	$3.8M	$1.7M	25x
Short	Lighter RIVER	1.2670	0.0096	get 0.0012% / 1h	49m 07s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$342.42
Price spread: +0.079% → 0.000%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$345.52
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.95 bp	39.5 bp −$40	doesn't fit	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	1.2670	+0.079%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2670	+0.079%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2670	+0.079%	$420K	$107K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2660	0.000%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2660	0.000%	$3.0M	$1.9M	20x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2650	−0.079%	$2K	$937K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2680	+0.158%	$48K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0146%	4h	1.2661	+0.005%	$31K	$438K	10x	as long as short
Aster RIVERUSDT	+0.0479%	4h	1.2651	−0.072%	$73K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0480%	1h	1.2669	+0.074%	$56K	$64K	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	+0.0522%	4h	1.2660	0.000%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0533%	4h	1.2670	+0.079%	$6.0M	$10.3M	50x	as long as short
BloFin RIVER-USDT	+0.0563%	4h	1.2660	0.000%	$415K	$35K	50x	as long as short
Variational Omni RIVER	+0.1176%	4h	1.2675	+0.119%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1562%	4h	1.2660	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDTlong	+0.1727%	4h	1.2660	long leg	$3.8M	$1.7M	25x