Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0362%/8h= +39.7% APRpaid last 24h +0.034%

Price spread now: BloFin against Lighter−0.080%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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. BloFin is 0.080% cheaper against Lighter than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 18 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2490	0.0096	pay 0.0012% / 1h	22m 59s	$40K	$13K	3x
Short	BloFin RIVER-USDT	1.2480	0.0458	get 0.0229% / 4h	3h 22m	$390K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.080%Rate

Funding earned: $76.1
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $56.09
Costs to cover: 0.120%
Break-even: 1.8 days

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 53 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 BloFin live order book, 53 min ago	3.96 bp	15.4 bp −$15	37.0 bp −$370	281.2 bp −$28.1K	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
Kraken Futures PF_RIVERUSD	−0.0457%	1h	1.2502	+0.093%	$52K	$84K	10x	as long as short
Lighter RIVERlong	+0.0096%	1h	1.2490	long leg	$40K	$13K	3x
Gate RIVER_USDT	+0.0100%	4h	1.2480	−0.080%	$424K	$103K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2480	−0.080%	$2.4M	$4.4M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2418	−0.580%	$42K	$7K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2441	−0.390%	$34K	$434K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2470	−0.160%	$1K	$1.3M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2500	+0.080%	$46K	$74K	20x	as long as short
Bitget RIVERUSDT	+0.0192%	4h	1.2490	0.000%	$3.1M	$2.6M	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0354%	4h	1.2510	+0.160%	$2.0M	$4.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RIVER-USDT	+0.0428%	4h	1.2500	+0.080%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.0444%	4h	1.2500	+0.080%	$3.8M	$1.7M	25x	as long as short
MEXC RIVER_USDT	+0.0456%	4h	1.2490	0.000%	$3.5M	$1.7M	50x	as long as short
Binance RIVERUSDT	+0.0457%	4h	1.2500	+0.080%	$6.0M	$12.4M	50x	as long as short
BloFin RIVER-USDTshort	+0.0458%	4h	1.2480	−0.080%	$390K	$30K	50x
Aster RIVERUSDT	+0.0528%	4h	1.2458	−0.254%	$69K	$31K	10x	as long as short