Funding arb · Price arb /

RIVER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h +0.212%

Price spread now: Lighter against SunX+0.236%7-day average — · you sell dearer than you buy

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

Long on SunX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.236% dearer against SunX than usual: you sell high and buy low, +$24 on $10k if it 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	SunX RIVER-USDT	1.2710	0.0100	pay 0.0050% / 4h	7m 06s	$2K	$922K	20x
Short	Lighter RIVER	1.2740	0.0096	get 0.0012% / 1h	7m 06s	$41K	$17K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.236%Rate

Funding earned: −$0.84
Price spread: +0.236% → 0.000%: $23.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $14.76
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 19 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 SunX live order book, 19 min ago	505.13 bp	doesn't fit	doesn't fit	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	1.2740	+0.236%	$41K	$17K	3x
OKX RIVER-USDT-SWAP	+0.0100%	4h	1.2740	+0.236%	$2.0M	$4.0M	20x	as long as short
Gate RIVER_USDT	+0.0100%	4h	1.2730	+0.157%	$420K	$112K	20x	as long as short
KuCoin RIVERUSDTM	+0.0100%	4h	1.2720	+0.079%	$2.5M	$2.3M	50x	as long as short
Bitget RIVERUSDT	+0.0100%	4h	1.2720	+0.079%	$3.0M	$2.1M	20x	as long as short
GRVT RIVER_USDT_Perp	+0.0100%	4h	1.2730	+0.158%	$37K	$466K	10x	as long as short
SunX RIVER-USDTlong	+0.0100%	4h	1.2710	long leg	$2K	$922K	20x
HTX RIVER-USDT	+0.0100%	4h	1.2720	+0.079%	$49K	$96K	20x	as long as short
Kraken Futures PF_RIVERUSD	+0.0380%	1h	1.2747	+0.289%	$58K	$66K	10x	as long as short
Aster RIVERUSDT	+0.0433%	4h	1.2738	+0.220%	$73K	$32K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin RIVER-USDT	+0.0467%	4h	1.2750	+0.315%	$417K	$38K	50x	as long as short
Binance RIVERUSDT	+0.0470%	4h	1.2740	+0.236%	$6.1M	$10.6M	50x	as long as short
MEXC RIVER_USDT	+0.0472%	4h	1.2740	+0.236%	$3.5M	$1.6M	50x	as long as short
Variational Omni RIVER	+0.0901%	4h	1.2735	+0.196%	$43K	$20K	—	as long as short
BingX RIVER-USDT	+0.1042%	4h	1.2740	+0.236%	—	$6.8M	—	as long as short
Bybit RIVERUSDT	+0.1111%	4h	1.2740	+0.236%	$3.8M	$1.7M	25x	as long as short