Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.152%

Price spread now: Lighter against HTX−0.314%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.314% cheaper against HTX than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX RIVER-USDT	1.2720	0.0100	pay 0.0050% / 4h	2h 33m	$49K	$71K	20x
Short	Lighter RIVER	1.2680	0.0096	get 0.0012% / 1h	33m 01s	$41K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$0.84
Price spread: −0.314% → 0.000%: −$31.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

HTX 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	1.2680	−0.314%	$41K	$14K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2670	−0.393%	$2.5M	$3.7M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2703	−0.133%	$43K	$4K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2702	−0.141%	$34K	$457K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.393%	$2K	$1.2M	20x	as long as short
HTX RIVER-USDTlong	+0.0100%	4h	1.2720	long leg	$49K	$71K	20x
Gate RIVER_USDT	+0.0126%	4h	1.2690	−0.236%	$429K	$102K	20x	as long as short
Bybit RIVERUSDT	+0.0144%	4h	1.2690	−0.236%	$3.8M	$1.8M	25x	as long as short
OKX RIVER-USDT-SWAP	+0.0159%	4h	1.2700	−0.157%	$2.1M	$4.0M	20x	as long as short
Bitget RIVERUSDT	+0.0262%	4h	1.2680	−0.314%	$3.0M	$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	+0.0353%	4h	1.2690	−0.236%	$399K	$31K	50x	as long as short
BingX RIVER-USDT	+0.0388%	4h	1.2690	−0.236%	—	$6.8M	—	as long as short
MEXC RIVER_USDT	+0.0398%	4h	1.2690	−0.236%	$3.7M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0398%	4h	1.2690	−0.236%	$6.1M	$11.6M	50x	as long as short
Aster RIVERUSDT	+0.0619%	4h	1.2686	−0.267%	$71K	$28K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0719%	1h	1.2678	−0.332%	$52K	$80K	10x	as long as short