Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h −0.075%

Price spread now: Bitget against Lighter−0.078%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Bitget

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 pays, the price is against you. Bitget is 0.078% cheaper against Lighter than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2750	0.0096	pay 0.0012% / 1h	20m 44s	$41K	$17K	3x
Short	Bitget RIVERUSDT	1.2740	0.0214	get 0.0107% / 4h	3h 20m	$3.0M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.078%Rate

Funding earned: $24.78
Price spread: −0.078% → 0.000%: −$7.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $4.94
Costs to cover: 0.120%
Break-even: 5.6 days

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.92 bp	21.2 bp −$21	283.8 bp −$2,838	doesn't fit	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	1.2750	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2750	0.000%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2750	0.000%	$2.5M	$2.4M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2728	−0.172%	$36K	$425K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2730	−0.157%	$2K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2770	+0.157%	$49K	$94K	20x	as long as short
Bitget RIVERUSDTshort	+0.0214%	4h	1.2740	−0.078%	$3.0M	$1.9M	20x
Variational Omni RIVER	+0.0308%	4h	1.2753	+0.023%	$43K	$20K	—	as long as short
Gate RIVER_USDT	+0.0342%	4h	1.2750	0.000%	$429K	$112K	20x	as long as short
BloFin RIVER-USDT	+0.0519%	4h	1.2750	0.000%	$421K	$33K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0542%	4h	1.2760	+0.078%	$3.8M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0544%	4h	1.2762	+0.096%	$6.1M	$10.4M	50x	as long as short
Aster RIVERUSDT	+0.0643%	4h	1.2749	−0.007%	$73K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0786%	1h	1.2758	+0.061%	$57K	$71K	10x	as long as short
Bybit RIVERUSDT	+0.0982%	4h	1.2750	0.000%	$3.8M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0988%	4h	1.2760	+0.078%	—	$6.8M	—	as long as short