Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h +0.204%

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

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

Long on Gate 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 −$3 a day on $10k at the current rate, and Lighter is 0.079% cheaper against Gate than usual: you would sell low and buy high (−$8 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	Gate RIVER_USDT	1.2710	0.0208	pay 0.0104% / 4h	2h 16m	$421K	$108K	20x
Short	Lighter RIVER	1.2700	0.0096	get 0.0012% / 1h	16m 09s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$23.52
Price spread: −0.079% → 0.000%: −$7.87
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.39
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	7.84 bp	1814.4 bp −$1,814	30496.6 bp −$305.0K	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	1.2700	−0.079%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2690	−0.157%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	−0.236%	$2.5M	$2.0M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.315%	$1K	$945K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2760	+0.393%	$49K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0192%	4h	1.2730	+0.157%	$32K	$429K	10x	as long as short
Bitget RIVERUSDT	+0.0198%	4h	1.2680	−0.236%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDTlong	+0.0208%	4h	1.2710	long leg	$421K	$108K	20x
Kraken Futures PF_RIVERUSD	+0.0479%	1h	1.2701	−0.074%	$56K	$58K	10x	as long as short
Aster RIVERUSDT	+0.0605%	4h	1.2696	−0.109%	$73K	$29K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0617%	4h	1.2740	+0.236%	$420K	$36K	50x	as long as short
MEXC RIVER_USDT	+0.0632%	4h	1.2690	−0.157%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0633%	4h	1.2700	−0.079%	$6.0M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1179%	4h	1.2744	+0.270%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1576%	4h	1.2700	−0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1628%	4h	1.2690	−0.157%	$3.8M	$1.7M	25x	as long as short