Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.021%

Price spread now: Lighter against BloFin+0.159%60s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 0.159% dearer against BloFin than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RIVER-USDT	1.2580	0.0397	pay 0.0199% / 4h	17m 54s	$391K	$31K	50x
Short	Lighter RIVER	1.2600	0.0096	get 0.0012% / 1h	17m 54s	$41K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$63.27
Price spread: +0.159% → 0.000%: $15.9
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.38
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 63 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 BloFin live order book, 63 min ago	3.92 bp	14.4 bp −$14	41.3 bp −$413	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
Kraken Futures PF_RIVERUSD	−0.0229%	1h	1.2598	+0.141%	$52K	$88K	10x	as long as short
Lighter RIVERshort	+0.0096%	1h	1.2600	+0.159%	$41K	$14K	3x
Gate RIVER_USDT	+0.0100%	4h	1.2600	+0.159%	$424K	$99K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2590	+0.079%	$2.5M	$4.2M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2573	−0.057%	$42K	$5K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2590	+0.079%	$27K	$466K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2580	0.000%	$1K	$1.2M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2650	+0.556%	$49K	$71K	20x	as long as short
Bitget RIVERUSDT	+0.0166%	4h	1.2600	+0.159%	$3.0M	$2.4M	20x	as long as short
Bybit RIVERUSDT	+0.0279%	4h	1.2590	+0.079%	$3.8M	$1.7M	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX RIVER-USDT-SWAP	+0.0301%	4h	1.2620	+0.318%	$2.1M	$4.2M	20x	as long as short
BloFin RIVER-USDTlong	+0.0397%	4h	1.2580	long leg	$391K	$31K	50x
BingX RIVER-USDT	+0.0408%	4h	1.2600	+0.159%	—	$6.8M	—	as long as short
MEXC RIVER_USDT	+0.0432%	4h	1.2590	+0.079%	$3.6M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0433%	4h	1.2605	+0.196%	$6.0M	$12.0M	50x	as long as short
Aster RIVERUSDT	+0.0533%	4h	1.2605	+0.196%	$70K	$29K	10x	as long as short