Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1454%/8h= +159.2% APRpaid last 24h +0.022%

Price spread now: BingX against Lighter+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 Lighter Short on BingX

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 for this trade now. Funding pays +$44 a day on $10k at the current rate, and BingX is 0.079% dearer against Lighter than usual: you sell high and buy low: +$8 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	1.2610	0.0096	pay 0.0012% / 1h	55m 58s	$41K	$17K	3x
Short	BingX RIVER-USDT	1.2620	0.1550	get 0.0775% / 4h	2h 55m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $305.34
Price spread: +0.079% → 0.000%: $7.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $303.27
Costs to cover: 0.100%
Break-even: 0.0 days

Slippage unknown: Lighter: no order-book sample; BingX: live order book, 12 min ago. 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 BingX live order book, 12 min ago	7.91 bp	16.2 bp −$16	41.7 bp −$417	444.6 bp −$44.5K	doesn't fit

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 RIVERlong	+0.0096%	1h	1.2610	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2610	0.000%	$2.0M	$3.7M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2610	0.000%	$418K	$107K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2600	−0.079%	$2.4M	$2.1M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2620	+0.079%	$3.0M	$1.9M	20x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2590	−0.159%	$2K	$936K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2650	+0.317%	$48K	$96K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0116%	4h	1.2637	+0.217%	$34K	$454K	10x	as long as short
Aster RIVERUSDT	+0.0449%	4h	1.2614	+0.028%	$72K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0482%	1h	1.2635	+0.201%	$56K	$63K	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	+0.0513%	4h	1.2610	0.000%	$420K	$35K	50x	as long as short
Binance RIVERUSDT	+0.0513%	4h	1.2613	+0.028%	$6.0M	$10.4M	50x	as long as short
MEXC RIVER_USDT	+0.0516%	4h	1.2600	−0.079%	$3.5M	$1.5M	50x	as long as short
Variational Omni RIVER	+0.1148%	4h	1.2645	+0.279%	$42K	$20K	—	as long as short
BingX RIVER-USDTshort	+0.1550%	4h	1.2620	+0.079%	—	$6.8M	—
Bybit RIVERUSDT	+0.1616%	4h	1.2620	+0.079%	$3.8M	$1.7M	25x	as long as short