Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0587%/8h= +64.3% APRpaid last 24h −0.051%

Price spread now: Variational Omni against Lighter−0.212%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.212% cheaper against Lighter than usual: you would sell low and buy high (spread −0.212% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 29 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2650	0.0096	pay 0.0012% / 1h	9m 38s	$41K	$17K	3x
Short	Variational Omni RIVER	1.2623	0.0683	get 0.0341% / 4h	9m 38s	$42K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.212%Rate

Funding earned: $123.23
Price spread: −0.212% → 0.000%: −$21.21
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $102.02
Costs to cover: 0.000%
Break-even: 1.2 days

Slippage unknown: Lighter: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Lighter and Variational Omni: 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	1.2650	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2650	0.000%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2650	0.000%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2637	−0.105%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2650	0.000%	$2K	$993K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2670	+0.158%	$48K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0190%	4h	1.2640	−0.079%	$425K	$114K	20x	as long as short
Bitget RIVERUSDT	+0.0262%	4h	1.2650	0.000%	$3.0M	$1.9M	20x	as long as short
Aster RIVERUSDT	+0.0555%	4h	1.2658	+0.062%	$73K	$31K	10x	as long as short
MEXC RIVER_USDT	+0.0606%	4h	1.2640	−0.079%	$3.7M	$1.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0610%	4h	1.2656	+0.045%	$6.1M	$10.5M	50x	as long as short
BloFin RIVER-USDT	+0.0651%	4h	1.2640	−0.079%	$416K	$33K	50x	as long as short
Variational Omni RIVERshort	+0.0683%	4h	1.2623	−0.212%	$42K	$20K	—
Kraken Futures PF_RIVERUSD	+0.0724%	1h	1.2688	+0.301%	$57K	$74K	10x	as long as short
BingX RIVER-USDT	+0.1078%	4h	1.2650	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1099%	4h	1.2650	0.000%	$3.8M	$1.7M	25x	as long as short