RIVER Funding Rate — live across 11 venues

Compared across 11 supported venues · net of estimated fees · updated every few minutes

Live annualized RIVER perpetual funding across all 11 venues Perpia tracks. Right now RIVER funding is positive on 11 and negative on 0, ranging from +177.8% on Lighter to +10.9% on KuCoin — a spread of 166.9%. The widest delta-neutral trade is long Variational / short Lighter at 162.9% net APR.

venues

paying positive

166.9%

funding spread

Best RIVER spread now

162.9%

net APR after fees

Long Variational→Short Lighter

size depends on live venue depth — see the real cap in the scanner

RIVER funding trend & liquidity

168h of history

166.9%

current gross APR

100.9%

24h average

45.1%

7-day average

$28K

pair OI · lower leg

$11K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

RIVER funding rate history

30d · 6h buckets · 11 venues

181%0-13.4%

6 Aug5 Sep

RIVER — average across 11 venuesAsterBinanceBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +39.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

RIVER funding rate by venue

49 pairs scanned

Venue	Funding APR	Interval
Lighter ↗	+177.8%	8h
Gate.io ↗	+126.1%	4h
Aster ↗	+88.5%	1h
MEXC ↗	+61.8%	4h
Binance ↗	+61.5%	4h
BingX ↗	+58.5%	4h
Bybit ↗	+38.7%	4h
Bitget ↗	+26.5%	4h
Variational ↗	+10.9%	4h
OKX ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs Lighter page.

RIVER arbitrage — 30-day backtest

long Variational · short Lighter

15.6%

backtested APR

+$128

historical net P&L on $10,000

0.24%

max drawdown

$10,000$10,128

30 days agostarting capital $10,000today

Over the last 30 days, holding long Variational / short Lighter would have produced 15.6% APR — versus the 162.9% the live spread implies right now (equity $10,000 → $10,128). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading RIVER backtest…

RIVER funding — FAQ

Is RIVER funding positive right now?

RIVER perpetual funding is positive on 11 of 11 venues Perpia tracks. The highest is +177.8% on Lighter; the lowest is +10.9% on KuCoin.

What is the best RIVER funding arbitrage right now?

Go long Variational and short Lighter for about 162.9% net APR after fees — the widest delta-neutral RIVER spread Perpia currently sees.

Which exchange has the highest RIVER funding rate?

Lighter, at +177.8% annualized. Funding shifts continuously, so check the live table above before trading.

How RIVER funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to RIVER

Markets also quoted on both Lighter and Variational — the same two exchanges you would already have funded for the RIVER trade.

See every spread between them on the Lighter vs Variational page.

Open the live scanner →All funding rates Funding by exchange How we calculate this