Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1033%/8h= −113.1% APRpaid last 24h +0.061%

Price spread now: Lighter against Variational Omni−0.035%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

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 airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Lighter is 0.035% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RIVER	1.2694	0.1129	pay 0.0565% / 4h	2h 15m	$42K	$20K	—
Short	Lighter RIVER	1.2690	0.0096	get 0.0012% / 1h	15m 02s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$216.95
Price spread: −0.035% → 0.000%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$220.44
Costs to cover: 0.000%
Break-even: never at this rate

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

Variational Omni and 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	1.2690	−0.035%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2680	−0.114%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2670	−0.192%	$2.4M	$2.0M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.192%	$1K	$945K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2760	+0.517%	$49K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0200%	4h	1.2710	+0.123%	$31K	$429K	10x	as long as short
Bitget RIVERUSDT	+0.0204%	4h	1.2680	−0.114%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0208%	4h	1.2700	+0.044%	$421K	$108K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0479%	1h	1.2702	+0.056%	$56K	$58K	10x	as long as short
BloFin RIVER-USDT	+0.0585%	4h	1.2720	+0.201%	$420K	$36K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDT	+0.0602%	4h	1.2688	−0.052%	$73K	$29K	10x	as long as short
Binance RIVERUSDT	+0.0632%	4h	1.2690	−0.035%	$6.0M	$10.3M	50x	as long as short
MEXC RIVER_USDT	+0.0632%	4h	1.2680	−0.114%	$3.5M	$1.5M	50x	as long as short
Variational Omni RIVERlong	+0.1129%	4h	1.2694	long leg	$42K	$20K	—
BingX RIVER-USDT	+0.1576%	4h	1.2700	+0.044%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1645%	4h	1.2690	−0.035%	$3.8M	$1.7M	25x	as long as short