Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.171%

Price spread now: Lighter against OKX0.000%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Lighter

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	OKX RIVER-USDT-SWAP	1.2750	0.0100	pay 0.0050% / 4h	56m 02s	$2.1M	$3.8M	20x
Short	Lighter RIVER	1.2750	0.0096	get 0.0012% / 1h	56m 02s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice 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 OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.84
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 1 min ago	7.86 bp	14.8 bp −$15	112.7 bp −$1,127	doesn't fit	doesn't fit
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	0.000%	$41K	$17K	3x
OKX RIVER-USDT-SWAPlong	+0.0100%	4h	1.2750	long leg	$2.1M	$3.8M	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2740	−0.078%	$2.5M	$2.1M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2710	−0.314%	$2K	$964K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2720	−0.235%	$48K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0164%	4h	1.2696	−0.424%	$39K	$415K	10x	as long as short
Bitget RIVERUSDT	+0.0304%	4h	1.2750	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0364%	4h	1.2720	−0.235%	$423K	$107K	20x	as long as short
Aster RIVERUSDT	+0.0591%	4h	1.2732	−0.140%	$73K	$29K	10x	as long as short
BloFin RIVER-USDT	+0.0670%	4h	1.2750	0.000%	$417K	$33K	50x	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	+0.0694%	4h	1.2740	−0.078%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0700%	4h	1.2756	+0.048%	$6.1M	$10.3M	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.0720%	1h	1.2763	+0.101%	$59K	$62K	10x	as long as short
Variational Omni RIVER	+0.1100%	4h	1.2683	−0.523%	$42K	$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	1.2740	−0.078%	$3.8M	$1.7M	25x	as long as short