Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h −0.073%

Price spread now: Aster against Lighter+0.029%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Aster is 0.029% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread 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	Lighter RIVER	1.2690	0.0096	pay 0.0012% / 1h	16m 42s	$41K	$17K	3x
Short	Aster RIVERUSDT	1.2694	0.0605	get 0.0302% / 4h	2h 16m	$73K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $106.82
Price spread: +0.029% → 0.000%: $2.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $101.69
Costs to cover: 0.080%
Break-even: 0.3 days

Slippage unknown: Lighter: no order-book sample; Aster: 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and Aster: 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 RIVERlong	+0.0096%	1h	1.2690	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2690	0.000%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	−0.079%	$2.5M	$2.0M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2690	0.000%	$1K	$945K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2760	+0.552%	$49K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0192%	4h	1.2730	+0.315%	$32K	$429K	10x	as long as short
Bitget RIVERUSDT	+0.0198%	4h	1.2680	−0.079%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0208%	4h	1.2700	+0.079%	$421K	$108K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0478%	1h	1.2730	+0.312%	$56K	$58K	10x	as long as short
Aster RIVERUSDTshort	+0.0605%	4h	1.2694	+0.029%	$73K	$29K	10x

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	+0.394%	$420K	$36K	50x	as long as short
MEXC RIVER_USDT	+0.0632%	4h	1.2680	−0.079%	$3.5M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0633%	4h	1.2697	+0.053%	$6.0M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1179%	4h	1.2744	+0.428%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1576%	4h	1.2700	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1656%	4h	1.2700	+0.079%	$3.8M	$1.7M	25x	as long as short