Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0525%/8h= +57.5% APRpaid last 24h −0.056%

Price spread now: Binance against Lighter−0.079%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Binance

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

Funding pays, the price is against you. Binance is 0.079% cheaper against Lighter than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2670	0.0096	pay 0.0012% / 1h	7m 22s	$41K	$17K	3x
Short	Binance RIVERUSDT	1.2660	0.0621	get 0.0310% / 4h	2h 07m	$6.0M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.079%Rate

Funding earned: $110.2
Price spread: −0.079% → 0.000%: −$7.89
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $92.31
Costs to cover: 0.100%
Break-even: 1.1 days

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 2 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	3.94 bp	19.1 bp −$19	60.3 bp −$603	doesn't fit	doesn't fit

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 RIVERlong	+0.0096%	1h	1.2670	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2670	0.000%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2650	−0.158%	$2.4M	$2.0M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2630	−0.316%	$2K	$946K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2690	+0.158%	$48K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0162%	4h	1.2680	+0.079%	$31K	$429K	10x	as long as short
Gate RIVER_USDT	+0.0208%	4h	1.2680	+0.079%	$420K	$108K	20x	as long as short
Bitget RIVERUSDT	+0.0212%	4h	1.2670	0.000%	$3.0M	$1.9M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0481%	1h	1.2661	−0.071%	$56K	$58K	10x	as long as short
BloFin RIVER-USDT	+0.0582%	4h	1.2670	0.000%	$416K	$35K	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	+0.0598%	4h	1.2667	−0.024%	$73K	$29K	10x	as long as short
MEXC RIVER_USDT	+0.0620%	4h	1.2650	−0.158%	$3.6M	$1.5M	50x	as long as short
Binance RIVERUSDTshort	+0.0621%	4h	1.2660	−0.079%	$6.0M	$10.3M	50x
Variational Omni RIVER	+0.1130%	4h	1.2660	−0.080%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1524%	4h	1.2670	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1572%	4h	1.2660	−0.079%	$3.8M	$1.7M	25x	as long as short