Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0607%/8h= +66.5% APRpaid last 24h −0.040%

Price spread now: BloFin against Lighter+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 Lighter Short on BloFin

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 for this trade now. Funding pays +$18 a day on $10k at the current rate, and BloFin is 0.079% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2630	0.0096	pay 0.0012% / 1h	20m 53s	$41K	$17K	3x
Short	BloFin RIVER-USDT	1.2640	0.0703	get 0.0352% / 4h	20m 53s	$417K	$33K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.079%Rate

Funding earned: $127.54
Price spread: +0.079% → 0.000%: $7.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $123.46
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 55 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 BloFin live order book, 55 min ago	3.96 bp	14.3 bp −$14	40.8 bp −$408	313.2 bp −$31.3K	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 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 RIVERlong	+0.0096%	1h	1.2630	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2640	+0.079%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2620	−0.079%	$2.5M	$2.3M	50x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2630	+0.001%	$32K	$415K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2610	−0.158%	$2K	$988K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2680	+0.396%	$48K	$95K	20x	as long as short
Gate RIVER_USDT	+0.0212%	4h	1.2620	−0.079%	$423K	$113K	20x	as long as short
Bitget RIVERUSDT	+0.0264%	4h	1.2630	0.000%	$3.0M	$1.9M	20x	as long as short
Aster RIVERUSDT	+0.0551%	4h	1.2634	+0.031%	$73K	$31K	10x	as long as short
MEXC RIVER_USDT	+0.0644%	4h	1.2630	0.000%	$3.7M	$1.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance RIVERUSDT	+0.0645%	4h	1.2641	+0.086%	$6.1M	$10.5M	50x	as long as short
BloFin RIVER-USDTshort	+0.0703%	4h	1.2640	+0.079%	$417K	$33K	50x
Kraken Futures PF_RIVERUSD	+0.0728%	1h	1.2614	−0.130%	$57K	$74K	10x	as long as short
Variational Omni RIVER	+0.0808%	4h	1.2643	+0.105%	$42K	$20K	—	as long as short
BingX RIVER-USDT	+0.1124%	4h	1.2650	+0.158%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1181%	4h	1.2640	+0.079%	$3.8M	$1.7M	25x	as long as short