Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.204%

Price spread now: Lighter against KuCoin+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 KuCoin 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.079% dearer against KuCoin than usual: you sell high and buy low, +$8 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	KuCoin RIVERUSDTM	1.2720	0.0100	pay 0.0050% / 4h	2h 24m	$2.5M	$2.0M	50x
Short	Lighter RIVER	1.2730	0.0096	get 0.0012% / 1h	24m 22s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$0.84
Price spread: +0.079% → 0.000%: $7.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.98
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	3.93 bp	59.1 bp −$59	823.3 bp −$8,233	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	1.2730	+0.079%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2720	0.000%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTMlong	+0.0100%	4h	1.2720	long leg	$2.5M	$2.0M	50x
SunX RIVER-USDT	+0.0100%	4h	1.2700	−0.157%	$1K	$943K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2720	0.000%	$49K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0146%	4h	1.2710	−0.079%	$421K	$108K	20x	as long as short
Bitget RIVERUSDT	+0.0170%	4h	1.2730	+0.079%	$3.0M	$1.9M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0238%	4h	1.2705	−0.115%	$31K	$429K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0477%	1h	1.2756	+0.279%	$56K	$58K	10x	as long as short
BloFin RIVER-USDT	+0.0586%	4h	1.2680	−0.314%	$421K	$35K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDT	+0.0587%	4h	1.2710	−0.076%	$73K	$31K	10x	as long as short
MEXC RIVER_USDT	+0.0608%	4h	1.2730	+0.079%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0617%	4h	1.2737	+0.132%	$6.1M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1140%	4h	1.2730	+0.075%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1596%	4h	1.2740	+0.157%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1698%	4h	1.2720	0.000%	$3.8M	$1.7M	25x	as long as short