Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h −0.194%

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

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

Long on Lighter Short on Gate

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

Funding pays, the price is against you. Gate is 0.078% cheaper against Lighter than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2740	0.0096	pay 0.0012% / 1h	47m 51s	$41K	$17K	3x
Short	Gate RIVER_USDT	1.2730	0.0388	get 0.0194% / 4h	47m 51s	$423K	$107K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: $61.32
Price spread: −0.078% → 0.000%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $38.47
Costs to cover: 0.150%
Break-even: 2.6 days

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 28 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 Gate live order book, 28 min ago	7.92 bp	424.7 bp −$425	doesn't fit	doesn't fit	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	1.2740	long leg	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2740	0.000%	$2.1M	$3.8M	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2730	−0.078%	$2.5M	$2.2M	50x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2710	−0.235%	$2K	$967K	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2790	+0.392%	$49K	$95K	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0132%	4h	1.2718	−0.171%	$39K	$415K	10x	as long as short
Bitget RIVERUSDT	+0.0322%	4h	1.2740	0.000%	$3.0M	$1.9M	20x	as long as short
Gate RIVER_USDTshort	+0.0388%	4h	1.2730	−0.078%	$423K	$107K	20x
Aster RIVERUSDT	+0.0604%	4h	1.2734	−0.048%	$73K	$29K	10x	as long as short
BloFin RIVER-USDT	+0.0711%	4h	1.2790	+0.392%	$418K	$33K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_RIVERUSD	+0.0719%	1h	1.2768	+0.216%	$59K	$62K	10x	as long as short
MEXC RIVER_USDT	+0.0722%	4h	1.2740	0.000%	$3.7M	$1.5M	50x	as long as short
Binance RIVERUSDT	+0.0723%	4h	1.2743	+0.026%	$6.1M	$10.3M	50x	as long as short
Variational Omni RIVER	+0.1090%	4h	1.2763	+0.184%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1330%	4h	1.2740	0.000%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1367%	4h	1.2740	0.000%	$3.8M	$1.7M	25x	as long as short