Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.203%

Price spread now: Lighter against GRVT+0.213%7-day average — · you sell dearer than you buy

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

Long on GRVT 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 airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.213% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT RIVER_USDT_Perp	1.2703	0.0100	pay 0.0050% / 4h	2h 07m	$33K	$442K	10x
Short	Lighter RIVER	1.2730	0.0096	get 0.0012% / 1h	7m 03s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$0.84
Price spread: +0.213% → 0.000%: $21.33
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.49
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 61 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 GRVT live order book, 61 min ago	181.12 bp	192.3 bp −$192	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 15 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	1.2730	+0.213%	$41K	$17K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2720	+0.135%	$2.5M	$2.7M	50x	as long as short
GRVT RIVER_USDT_Perplong	+0.0100%	4h	1.2703	long leg	$33K	$442K	10x
SunX RIVER-USDT	+0.0100%	4h	1.2710	+0.056%	$2K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2760	+0.449%	$48K	$88K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0151%	4h	1.2740	+0.292%	$2.1M	$3.8M	20x	as long as short
Variational Omni RIVER	+0.0223%	4h	1.2748	+0.353%	$43K	$20K	—	as long as short
Gate RIVER_USDT	+0.0288%	4h	1.2740	+0.292%	$429K	$103K	20x	as long as short
Bitget RIVERUSDT	+0.0330%	4h	1.2730	+0.213%	$3.0M	$1.9M	20x	as long as short
Binance RIVERUSDT	+0.0463%	4h	1.2737	+0.267%	$6.1M	$10.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0464%	4h	1.2720	+0.135%	$3.8M	$1.6M	50x	as long as short
BingX RIVER-USDT	+0.0716%	4h	1.2740	+0.292%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.0794%	4h	1.2730	+0.213%	$3.8M	$1.7M	25x	as long as short
Aster RIVERUSDT	+0.0801%	4h	1.2721	+0.146%	$73K	$29K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.1257%	1h	1.2730	+0.213%	$57K	$70K	10x	as long as short