Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.154%

Price spread now: BingX against Lighter0.000%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 BingX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2220	0.0096	pay 0.0012% / 1h	49m 52s	$44K	$10K	3x
Short	BingX RIVER-USDT	1.2220	0.0416	get 0.0208% / 4h	49m 52s	—	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $67.2
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $57.2
Costs to cover: 0.100%
Break-even: 1.0 days

Slippage unknown: Lighter: no order-book sample; BingX: live order book, 1 min ago. 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 BingX live order book, 1 min ago	12.22 bp	31.4 bp −$31	57.9 bp −$579	364.2 bp −$36.4K	doesn't fit

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 exchanges

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	1.2220	long leg	$44K	$10K	3x
Gate RIVER_USDT	+0.0100%	4h	1.2220	0.000%	$413K	$87K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2200	−0.164%	$2.4M	$4.8M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2210	−0.082%	$3.1M	$2.6M	20x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2242	+0.178%	$38K	$7K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2262	+0.344%	$32K	$402K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2230	+0.082%	$1K	$1.4M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2300	+0.655%	$48K	$34K	20x	as long as short
Aster RIVERUSDT	+0.0205%	4h	1.2220	0.000%	$71K	$40K	10x	as long as short
OKX RIVER-USDT-SWAP	+0.0242%	4h	1.2210	−0.082%	$1.9M	$4.0M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit RIVERUSDT	+0.0264%	4h	1.2220	0.000%	$3.7M	$1.7M	25x	as long as short
BloFin RIVER-USDT	+0.0400%	4h	1.2250	+0.245%	$389K	$27K	50x	as long as short
BingX RIVER-USDTshort	+0.0416%	4h	1.2220	0.000%	—	$6.9M	—
Binance RIVERUSDT	+0.0426%	4h	1.2224	+0.029%	$5.9M	$12.7M	50x	as long as short
MEXC RIVER_USDT	+0.0430%	4h	1.2220	0.000%	$3.3M	$1.8M	50x	as long as short
Kraken Futures PF_RIVERUSD	+0.1291%	1h	1.2259	+0.323%	$66K	$115K	10x	as long as short