Funding you earn now, next payment 00:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.080%
Price spread now: GRVT against Reya−0.247%64s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · GRVT: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.247% cheaper against Reya than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2450 | 0.0283 | pay 0.0035% / 1h | 3m 42s | $1K | — | 15x |
| Short | GRVT ADA_USDT_Perp | 0.2444 | 0.0100 | get 0.0100% / 8h | 3m 42s | $290K | $3.8M | 10x |
Reya ADARUSDPERP
GRVT ADA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.49
- Price spread: −0.247% → 0.000%
- −$24.67
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$78.15
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; GRVT: live order book, 5 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 Reya no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 5 min ago | 2.04 bp | 6.5 bp −$7 | 20.7 bp −$207 | doesn't fit | doesn't fit |
Reya: 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.
ADA on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2451 | +0.022% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2450 | −0.003% | $213K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2451 | +0.020% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2447 | −0.125% | $406K | $7.3M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2452 | +0.075% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2452 | +0.083% | $42.5M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2451 | +0.038% | $1.2M | $933K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2451 | +0.036% | $157K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2451 | +0.028% | $101.3M | $366.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2450 | −0.003% | $71.4M | $104.0M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2451 | +0.038% | $32.4M | $107.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2450 | −0.003% | $97.8M | $60.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2450 | −0.003% | $52.4M | $51.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2450 | +0.018% | $30.0M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2451 | +0.038% | $65.9M | $43.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2450 | −0.003% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2452 | +0.091% | $108K | $419K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2441 | −0.363% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2445 | −0.200% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perpshort | +0.0100% | 8h | 0.2444 | −0.247% | $290K | $3.8M | 10x | |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2444 | −0.247% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2450 | −0.003% | $94K | $641K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2451 | +0.038% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2452 | +0.066% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2452 | +0.080% | $9K | $768K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2451 | +0.050% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2451 | +0.047% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2451 | +0.038% | $47.9M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2451 | +0.034% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2450 | −0.001% | $553K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0113% | 1h | 0.2451 | +0.046% | $6.2M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2446 | −0.178% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2445 | −0.207% | $4.3M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +0.855% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERPlong | +0.0283% | 1h | 0.2450 | long leg | $1K | — | 15x | |
| Deribit ADA_USDC-PERPETUAL | +0.0321% | 1h | 0.2452 | +0.091% | $492K | $430K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0564% / S −0.0313% | 1h | 0.2450 | +0.009% | $122K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
BloFin ADA-USDT
Injective ADA/USDC PERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]