Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.094%

Price spread now: Lighter against Gate0.000%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RIVER_USDT	1.2440	0.0100	pay 0.0050% / 4h	2h 19m	$416K	$103K	20x
Short	Lighter RIVER	1.2440	0.0096	get 0.0012% / 1h	19m 24s	$40K	$10K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee 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 Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.84
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 29 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 Gate live order book, 29 min ago	8.01 bp	1999.8 bp −$2,000	30967.7 bp −$309.7K	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 exchanges

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	1.2440	0.000%	$40K	$10K	3x
Bybit RIVERUSDT	+0.0100%	4h	1.2440	0.000%	$3.8M	$1.6M	25x	as long as short
Gate RIVER_USDTlong	+0.0100%	4h	1.2440	long leg	$416K	$103K	20x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2440	0.000%	$2.5M	$4.5M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2457	+0.140%	$42K	$5K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2440	+0.002%	$30K	$418K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2430	−0.080%	$2K	$1.3M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2500	+0.482%	$47K	$37K	20x	as long as short
Bitget RIVERUSDT	+0.0134%	4h	1.2440	0.000%	$3.2M	$2.6M	20x	as long as short
Aster RIVERUSDT	+0.0373%	4h	1.2440	0.000%	$69K	$25K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RIVER-USDT-SWAP	+0.0380%	4h	1.2460	+0.161%	$2.0M	$3.9M	20x	as long as short
BingX RIVER-USDT	+0.0476%	4h	1.2460	+0.161%	—	$6.8M	—	as long as short
MEXC RIVER_USDT	+0.0504%	4h	1.2440	0.000%	$3.7M	$1.7M	50x	as long as short
Binance RIVERUSDT	+0.0506%	4h	1.2450	+0.080%	$6.0M	$12.1M	50x	as long as short
BloFin RIVER-USDT	+0.0508%	4h	1.2450	+0.080%	$392K	$30K	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.0562%	1h	1.2447	+0.054%	$52K	$83K	10x	as long as short