Funding arb · Price arb /

RIVER

all RIVER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h +0.138%

Price spread now: Lighter against OKX0.000%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Lighter

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RIVER-USDT-SWAP	1.2690	0.0207	pay 0.0103% / 4h	20m 30s	$2.0M	$3.9M	20x
Short	Lighter RIVER	1.2690	0.0096	get 0.0012% / 1h	20m 30s	$41K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$23.24
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	7.88 bp	20.1 bp −$20	144.7 bp −$1,447	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
Lighter RIVERshort	+0.0096%	1h	1.2690	0.000%	$41K	$14K	3x
KuCoin RIVERUSDTM	+0.0100%	4h	1.2680	−0.079%	$2.5M	$3.2M	50x	as long as short
Variational Omni RIVER	+0.0100%	4h	1.2683	−0.058%	$42K	$20K	—	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2690	+0.002%	$33K	$462K	10x	as long as short
SunX RIVER-USDT	+0.0100%	4h	1.2670	−0.158%	$1K	$1.1M	20x	as long as short
HTX RIVER-USDT	+0.0100%	4h	1.2730	+0.315%	$47K	$66K	20x	as long as short
OKX RIVER-USDT-SWAPlong	+0.0207%	4h	1.2690	long leg	$2.0M	$3.9M	20x
Gate RIVER_USDT	+0.0210%	4h	1.2670	−0.158%	$427K	$103K	20x	as long as short
Bybit RIVERUSDT	+0.0321%	4h	1.2680	−0.079%	$3.8M	$1.8M	25x	as long as short
BloFin RIVER-USDT	+0.0383%	4h	1.2690	0.000%	$414K	$32K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC RIVER_USDT	+0.0398%	4h	1.2690	0.000%	$3.7M	$1.6M	50x	as long as short
Binance RIVERUSDT	+0.0400%	4h	1.2690	0.000%	$6.1M	$11.2M	50x	as long as short
BingX RIVER-USDT	+0.0462%	4h	1.2690	0.000%	—	$6.8M	—	as long as short
Bitget RIVERUSDT	+0.0478%	4h	1.2680	−0.079%	$3.0M	$2.0M	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0636%	1h	1.2706	+0.130%	$57K	$70K	10x	as long as short
Aster RIVERUSDT	+0.0838%	4h	1.2667	−0.182%	$72K	$28K	10x	as long as short