BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h −0.053%

Price spread now: Reya against Aftermath Perps−0.032%7-day average −0.039% · you buy dearer than you sell

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

Long on Aftermath Perps Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.032%, 7d avg −0.039%

Together, before fees−0.048%+ Points / potential airdropReya: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps BTCUSD	86,511.1	−0.0020	get 0.0002% / 1h	21m 50s	$82K	$217K	20x
Short	Reya BTCRUSDPERP	86,483.2	0.0023	get 0.0003% / 1h	21m 50s	$6.7M	$144.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aftermath Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Aftermath PerpsbpFee ReyabpOrdersPrice spread, now −0.032%Rate

Funding earned: $8.84
Price spread: −0.032% → −0.039%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$5.46
Costs to cover: 0.150%
Break-even: 11.3 days

Slippage unknown: Aftermath Perps: live order book, 62 min ago; Reya: 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 Aftermath Perps live order book, 62 min ago	1.77 bp	12.5 bp −$12	19.0 bp −$190	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

BTC on 56 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
Bluefin BTC-PERP	−0.0973%	1h	86,536.2	+0.029%	$140K	$620K	40x	as long as short
Phoenix BTC	−0.0159%	1h	86,405	−0.123%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,488	−0.027%	$9K	$3K	50x	as long as short
Aftermath Perps BTCUSDlong	−0.0020%	1h	86,511.1	long leg	$82K	$217K	20x
Aster BTCUSDT	−0.0010%	8h	86,551.6	+0.047%	$504.7M	$1.15B	200x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	86,505	−0.007%	$359K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,500.1	−0.013%	$425K	$23.8M	6.7x	as long as short
KuCoin XBTUSDTM	+0.0001%	8h	86,528.1	+0.020%	$852.3M	$711.3M	125x	as long as short
dYdX BTC-USD	+0.0002%	1h	86,488.5	−0.026%	$17.0M	$21.1M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,526.5	+0.018%	$36.8M	—	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0006%	1h	86,505	−0.007%	$8.5M	$43.0M	25x	as long as short
Reya BTCRUSDPERPshort	+0.0023%	1h	86,483.2	−0.032%	$6.7M	$144.9M	40x
Injective BTC/USDC PERP	+0.0024%	1h	86,559	+0.055%	$315K	$26.8M	52x	as long as short
Deribit BTC-PERPETUAL	+0.0030%	1h	86,551.8	+0.047%	$921.3M	$1.48B	50x	as long as short
BingX BTC-USDT	+0.0035%	8h	86,561.5	+0.058%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0035%	8h	86,513	+0.002%	$149.7M	$476.3M	150x	as long as short
Bitget BTCUSDT	+0.0045%	8h	86,559.1	+0.056%	$2.95B	$5.10B	150x	as long as short
MEXC BTC_USDT	+0.0062%	8h	86,553.1	+0.049%	$5.13B	$5.69B	500x	as long as short
Binance BTCUSDT	+0.0063%	8h	86,565.6	+0.063%	$9.44B	$24.42B	150x	as long as short
Aevo BTC-PERP	+0.0064%	1h	86,512.9	+0.002%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0078%	8h	86,559.7	+0.056%	$5.85B	$10.72B	200x	as long as short
Hibachi BTC/USDT-P	+0.0080%	1h	86,529.3	+0.021%	$717K	$8.2M	30x	as long as short
Bybit BTCUSDT	+0.0091%	8h	86,558.7	+0.055%	$5.26B	$9.77B	150x	as long as short
Lighter BTC	+0.0096%	1h	86,521.3	+0.012%	$170.9M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,535.5	+0.028%	$24.1M	$152.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,500	−0.013%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,481	−0.035%	$203K	$6.9M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,533.7	+0.026%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,465.8	−0.052%	$22.0M	$234.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,585	+0.085%	$3.81B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,520.1	+0.010%	$40.8M	$513.3M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,560.8	+0.057%	$2.54B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,505	−0.007%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,570.3	+0.068%	$7.4M	$94.2M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,343.9	−0.193%	$570.6M	$18.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,528.8	+0.020%	$37.9M	$155.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,374.3	−0.158%	$155.6M	$566.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,398.5	−0.130%	$279.2M	$947.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,484.6	−0.031%	$217.1M	$175.1M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,464.3	−0.054%	$141.4M	$323.2M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,483.6	−0.032%	$30.7M	$203.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,538	+0.031%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,495	−0.019%	$11.1M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,495.4	−0.018%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,522.8	+0.014%	$2.4M	$8.7M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,509.5	−0.002%	$30.3M	$61.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,489.1	−0.025%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,517	+0.007%	$60.4M	$337.2M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,486.9	−0.028%	$2.30B	$968.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,533.1	+0.025%	$45.4M	$226.6M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,494.5	−0.019%	—	$98.7M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,555.9	+0.052%	$131.9M	$5.70B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0121%	1h	86,543.2	+0.037%	$191.5M	$943.8M	100x	as long as short
BloFin BTC-USDT	+0.0183%	8h	86,489.1	−0.025%	$415.7M	$654.5M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0184% / S −0.0210%	1h	86,511.9	+0.001%	$15.2M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0197%	8h	86,523	+0.014%	$9.7M	$733.3M	6.4x	as long as short