Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.194%

Price spread now: HTX against Lighter+0.237%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on HTX

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.237% dearer against Lighter than usual: you sell high and buy low, +$24 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	Lighter RIVER	1.2660	0.0096	pay 0.0012% / 1h	42m 02s	$41K	$17K	3x
Short	HTX RIVER-USDT	1.2690	0.0100	get 0.0050% / 4h	42m 02s	$48K	$95K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.237%Rate

Funding earned: $0.84
Price spread: +0.237% → 0.000%: $23.7
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $12.54
Costs to cover: 0.120%
Break-even: from the start

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

Lighter and HTX: 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	1.2660	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2660	0.000%	$2.0M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	+0.158%	$2.5M	$2.2M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2753	+0.737%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2640	−0.158%	$2K	$976K	20x	as long as short
HTX RIVER-USDTshort	+0.0100%	4h	1.2690	+0.237%	$48K	$95K	20x
Bitget RIVERUSDT	+0.0322%	4h	1.2670	+0.079%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0346%	4h	1.2650	−0.079%	$420K	$109K	20x	as long as short
Aster RIVERUSDT	+0.0597%	4h	1.2663	+0.026%	$73K	$29K	10x	as long as short
Binance RIVERUSDT	+0.0715%	4h	1.2670	+0.079%	$6.1M	$10.4M	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	+0.0720%	4h	1.2670	+0.079%	$3.7M	$1.5M	50x	as long as short
BloFin RIVER-USDT	+0.0724%	4h	1.2770	+0.869%	$421K	$33K	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.0724%	1h	1.2680	+0.161%	$57K	$74K	10x	as long as short
Variational Omni RIVER	+0.1049%	4h	1.2753	+0.738%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1256%	4h	1.2670	+0.079%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1302%	4h	1.2660	0.000%	$3.8M	$1.7M	25x	as long as short