Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h +0.001%

Price spread now: Lighter against MEXC+0.157%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Lighter

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

The price spread pays, funding is against you. Lighter is 0.157% dearer against MEXC than usual: you sell high and buy low (spread +0.157% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RIVER_USDT	1.2730	0.0386	pay 0.0193% / 4h	2h 21m	$3.6M	$1.6M	50x
Short	Lighter RIVER	1.2750	0.0096	get 0.0012% / 1h	21m 15s	$41K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.157%Rate

Funding earned: −$60.9
Price spread: +0.157% → 0.000%: $15.71
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.19
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Lighter: 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 MEXC live order book, 1 min ago	3.92 bp	8.0 bp −$8	35.3 bp −$353	215.1 bp −$21.5K	683.8 bp −$341.9K
Sell Lighter no order-book sample	—	—	—	—	—

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 RIVERshort	+0.0096%	1h	1.2750	+0.157%	$41K	$14K	3x
Gate RIVER_USDT	+0.0100%	4h	1.2720	−0.079%	$428K	$105K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2720	−0.079%	$2.5M	$3.7M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2648	−0.645%	$42K	$4K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2692	−0.299%	$26K	$464K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2700	−0.236%	$1K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2720	−0.079%	$49K	$71K	20x	as long as short
OKX RIVER-USDT-SWAP	+0.0152%	4h	1.2740	+0.079%	$2.1M	$4.0M	20x	as long as short
Bybit RIVERUSDT	+0.0262%	4h	1.2720	−0.079%	$3.9M	$1.8M	25x	as long as short
Bitget RIVERUSDT	+0.0288%	4h	1.2720	−0.079%	$3.1M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0381%	4h	1.2680	−0.393%	$401K	$31K	50x	as long as short
MEXC RIVER_USDTlong	+0.0386%	4h	1.2730	long leg	$3.6M	$1.6M	50x
Binance RIVERUSDT	+0.0386%	4h	1.2730	0.000%	$6.1M	$11.7M	50x	as long as short
BingX RIVER-USDT	+0.0390%	4h	1.2730	0.000%	—	$6.8M	—	as long as short
Aster RIVERUSDT	+0.0610%	4h	1.2716	−0.110%	$71K	$28K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0717%	1h	1.2721	−0.074%	$52K	$80K	10x	as long as short