Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0488%/8h= −53.5% APRpaid last 24h +0.063%

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

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

Long on Aster Short on Lighter

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 airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.079% dearer against Aster than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster RIVERUSDT	1.2660	0.0584	pay 0.0292% / 4h	3h 57m	$73K	$31K	10x
Short	Lighter RIVER	1.2670	0.0096	get 0.0012% / 1h	57m 06s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$102.57
Price spread: +0.079% → 0.000%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$102.67
Costs to cover: 0.080%
Break-even: never at this rate

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

Aster 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	1.2670	+0.079%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2670	+0.079%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2660	0.000%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2664	+0.029%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2660	0.000%	$2K	$997K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2710	+0.395%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0252%	4h	1.2670	+0.079%	$3.0M	$1.9M	20x	as long as short
BloFin RIVER-USDT	+0.0536%	4h	1.2660	0.000%	$419K	$33K	50x	as long as short
Bybit RIVERUSDT	+0.0567%	4h	1.2670	+0.079%	$3.8M	$1.7M	25x	as long as short
BingX RIVER-USDT	+0.0568%	4h	1.2680	+0.158%	—	$6.8M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RIVERUSDTlong	+0.0584%	4h	1.2660	long leg	$73K	$31K	10x
MEXC RIVER_USDT	+0.0588%	4h	1.2670	+0.079%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0589%	4h	1.2680	+0.158%	$6.1M	$10.5M	50x	as long as short
Variational Omni RIVER	+0.0614%	4h	1.2683	+0.184%	$42K	$20K	—	as long as short
Gate RIVER_USDT	+0.0704%	4h	1.2670	+0.079%	$426K	$111K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0791%	1h	1.2666	+0.045%	$57K	$74K	10x	as long as short