Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0608%/8h= +66.6% APRpaid last 24h −0.047%

Price spread now: MEXC 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 MEXC

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

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	53m 32s	$41K	$17K	3x
Short	MEXC RIVER_USDT	1.2750	0.0704	get 0.0352% / 4h	53m 32s	$3.7M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $127.68
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $127.68
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; MEXC: live order book, 9 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 MEXC live order book, 9 min ago	3.94 bp	7.1 bp −$7	17.7 bp −$177	158.8 bp −$15.9K	600.1 bp −$300.0K

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	1.2740	−0.078%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2740	−0.078%	$2.5M	$2.1M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2720	−0.235%	$2K	$964K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2750	0.000%	$49K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0158%	4h	1.2722	−0.221%	$39K	$415K	10x	as long as short
Bitget RIVERUSDT	+0.0308%	4h	1.2740	−0.078%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0382%	4h	1.2730	−0.157%	$423K	$107K	20x	as long as short
Aster RIVERUSDT	+0.0598%	4h	1.2739	−0.086%	$73K	$29K	10x	as long as short
MEXC RIVER_USDTshort	+0.0704%	4h	1.2750	0.000%	$3.7M	$1.5M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0710%	4h	1.2750	0.000%	$6.1M	$10.3M	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.0719%	1h	1.2774	+0.187%	$59K	$62K	10x	as long as short
BloFin RIVER-USDT	+0.0754%	4h	1.2750	0.000%	$417K	$33K	50x	as long as short
Variational Omni RIVER	+0.1081%	4h	1.2733	−0.132%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1342%	4h	1.2750	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1407%	4h	1.2750	0.000%	$3.8M	$1.7M	25x	as long as short