Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1306%/8h= −143.0% APRpaid last 24h −0.062%

Price spread now: Lighter against BingX+0.078%7-day average — · you sell dearer than you buy

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

Long on BingX 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

The price spread pays, funding is against you. Lighter is 0.078% dearer against BingX than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX RIVER-USDT	1.2820	0.1402	pay 0.0701% / 4h	3h 06m	—	$6.8M	—
Short	Lighter RIVER	1.2830	0.0096	get 0.0012% / 1h	6m 43s	$42K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$274.26
Price spread: +0.078% → 0.000%: $7.8
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$276.46
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 16 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 BingX live order book, 16 min ago	7.84 bp	16.0 bp −$16	64.8 bp −$648	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	1.2830	+0.078%	$42K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2810	−0.078%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2810	−0.078%	$2.5M	$2.5M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2780	−0.312%	$35K	$425K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2820	0.000%	$2K	$1.0M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2850	+0.234%	$49K	$95K	20x	as long as short
Bitget RIVERUSDT	+0.0258%	4h	1.2820	0.000%	$3.0M	$1.9M	20x	as long as short
Variational Omni RIVER	+0.0399%	4h	1.2798	−0.172%	$43K	$20K	—	as long as short
MEXC RIVER_USDT	+0.0574%	4h	1.2810	−0.078%	$3.8M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0576%	4h	1.2820	0.000%	$6.2M	$10.5M	50x	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	+0.0633%	4h	1.2850	+0.234%	$427K	$34K	50x	as long as short
Aster RIVERUSDT	+0.0717%	4h	1.2826	+0.048%	$74K	$31K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.0781%	1h	1.2829	+0.068%	$58K	$70K	10x	as long as short
Gate RIVER_USDT	+0.0782%	4h	1.2810	−0.078%	$431K	$112K	20x	as long as short
BingX RIVER-USDTlong	+0.1402%	4h	1.2820	long leg	—	$6.8M	—
Bybit RIVERUSDT	+0.1502%	4h	1.2820	0.000%	$3.9M	$1.7M	25x	as long as short