Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0545%/8h= −59.7% APRpaid last 24h +0.052%

Price spread now: Lighter against Binance−0.162%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Lighter is 0.162% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance RIVERUSDT	1.2661	0.0641	pay 0.0321% / 4h	1h 25m	$6.0M	$10.3M	50x
Short	Lighter RIVER	1.2640	0.0096	get 0.0012% / 1h	25m 29s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$114.5
Price spread: −0.162% → 0.000%: −$16.24
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$140.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	3.92 bp	12.3 bp −$12	78.5 bp −$785	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 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	1.2640	−0.162%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2650	−0.083%	$2.0M	$3.7M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	−0.320%	$2.4M	$2.0M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2641	−0.155%	$39K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2620	−0.320%	$2K	$954K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2640	−0.162%	$48K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0190%	4h	1.2660	−0.004%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDT	+0.0408%	4h	1.2630	−0.241%	$419K	$108K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0562%	1h	1.2662	+0.010%	$57K	$63K	10x	as long as short
Aster RIVERUSDT	+0.0597%	4h	1.2646	−0.113%	$73K	$29K	10x	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	+0.0605%	4h	1.2660	−0.004%	$422K	$33K	50x	as long as short
MEXC RIVER_USDT	+0.0638%	4h	1.2640	−0.162%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDTlong	+0.0641%	4h	1.2661	long leg	$6.0M	$10.3M	50x
Variational Omni RIVER	+0.1160%	4h	1.2633	−0.214%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1476%	4h	1.2660	−0.004%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1572%	4h	1.2660	−0.004%	$3.8M	$1.7M	25x	as long as short