RIVER

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.112%

7d average—if it closes, per $10,000$11funding while held, a day−$14.89

Long on Lighter Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RIVER	1.2820	0.1688	pay 0.0211% / 1h	10m 44s	$41K	$17K	3x
Short	Variational Omni RIVER	1.2834	0.1192	get 0.0596% / 4h	10m 44s	$43K	$20K	—

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee LighterbpFee Variational OmnibpOrdersClose when spread is

Spread captured: $11.25
Funding while held: −$14.89
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.64
Spread needed to break even: 0.000%

Slippage unknown: Lighter: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0496%
Per $10,000 a day: −$14.89
Average in range /8h: —

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 Variational Omni no order-book sample	—	—	—	—	—

Lighter and Variational Omni: 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 price on every exchange

against the cheapest. Click to use as the short leg.

KuCoin1.2800cheapest SunX1.2800cheapest HTX1.2800cheapest OKX1.2810+0.078%

Lighter1.2820+0.156%

Binance1.2820+0.156%Bybit1.2820+0.156%MEXC1.2820+0.156%Bitget1.2820+0.156%BloFin1.2820+0.156%Gate1.2830+0.234%BingX1.2830+0.234%

Variational Omni1.2834+0.269%

Aster1.2837+0.287%Kraken Futures1.2859+0.460%

RIVER on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin RIVERUSDTM	−0.156%	+0.0100%	4h	$2.4M	$2.7M	50x	as long as short
SunX RIVER-USDT	−0.156%	+0.0100%	4h	$1K	$787K	20x	as long as short
HTX RIVER-USDT	−0.156%	+0.0100%	4h	$50K	$135K	20x	as long as short
OKX RIVER-USDT-SWAP	−0.078%	+0.0100%	4h	$2.1M	$4.0M	20x	as long as short
Lighter RIVERlong	0.000%	+0.1688%	1h	$41K	$17K	3x
Binance RIVERUSDT	0.000%	+0.0855%	4h	$6.1M	$10.1M	50x	as long as short
Bybit RIVERUSDT	0.000%	+0.1412%	4h	$3.8M	$1.6M	25x	as long as short
MEXC RIVER_USDT	0.000%	+0.0848%	4h	$3.8M	$1.6M	50x	as long as short
Bitget RIVERUSDT	0.000%	+0.0798%	4h	$3.0M	$2.0M	20x	as long as short
BloFin RIVER-USDT	0.000%	+0.0899%	4h	$434K	$38K	50x	as long as short

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate RIVER_USDT	+0.078%	+0.0100%	4h	$427K	$111K	20x	as long as short
BingX RIVER-USDT	+0.078%	+0.1340%	4h	—	$6.8M	—	as long as short
Variational Omni RIVERshort	+0.112%	+0.1192%	4h	$43K	$20K	—
Aster RIVERUSDT	+0.130%	+0.0841%	4h	$73K	$30K	10x	as long as short
Kraken Futures PF_RIVERUSD	+0.303%	+0.0618%	1h	$61K	$64K	10x	as long as short