Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.167%

Price spread now: HTX against Lighter0.000%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 HTX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2570	0.0096	pay 0.0012% / 1h	45m 59s	$41K	$14K	3x
Short	HTX RIVER-USDT	1.2570	0.0100	get 0.0050% / 4h	45m 59s	$47K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$11.16
Costs to cover: 0.120%
Break-even: 100.0 days

Slippage unknown: Lighter: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Lighter and HTX: 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	1.2570	long leg	$41K	$14K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2540	−0.239%	$2.5M	$3.1M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2558	−0.098%	$42K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2560	−0.077%	$29K	$452K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2550	−0.159%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDTshort	+0.0100%	4h	1.2570	0.000%	$47K	$66K	20x
OKX RIVER-USDT-SWAP	+0.0221%	4h	1.2560	−0.080%	$2.0M	$3.8M	20x	as long as short
Gate RIVER_USDT	+0.0232%	4h	1.2560	−0.080%	$424K	$103K	20x	as long as short
BloFin RIVER-USDT	+0.0317%	4h	1.2570	0.000%	$423K	$32K	50x	as long as short
Bybit RIVERUSDT	+0.0319%	4h	1.2560	−0.080%	$3.8M	$1.7M	25x	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	+0.0372%	4h	1.2560	−0.080%	$3.7M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0376%	4h	1.2568	−0.013%	$6.0M	$11.1M	50x	as long as short
BingX RIVER-USDT	+0.0494%	4h	1.2560	−0.080%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0524%	4h	1.2550	−0.159%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0644%	1h	1.2560	−0.079%	$56K	$70K	10x	as long as short
Aster RIVERUSDT	+0.0804%	4h	1.2568	−0.013%	$72K	$27K	10x	as long as short