Funding you earn now, next payment 23:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.050%
Price spread now: Reya against Coinbase International−0.094%7-day average −0.059% · 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)−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.094%, 7d avg −0.059%
=Together, before fees+0.028%+ Points / potential airdropReya: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Reya is 0.035% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BTC-PERP-INTX | 86,666.5 | 0.0112 | pay 0.0014% / 1h | 0m 44s | $132.2M | $5.64B | 50x |
| Short | Reya BTCRUSDPERP | 86,585 | 0.0038 | get 0.0005% / 1h | 0m 44s | $6.7M | $145.5M | 40x |
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Coinbase International. 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
- −$15.51
- Price spread: −0.094% → −0.059%
- −$3.49
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$35
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.1 bp −$512 | 11.7 bp −$5,865 |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,570 | −0.111% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,554 | −0.130% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,652 | −0.017% | $333K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,579.5 | −0.100% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,577.9 | −0.102% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,582.1 | −0.097% | $411K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,619 | −0.055% | $37.0M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 86,600.9 | −0.076% | $502.3M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0026% | 8h | 86,610.4 | −0.065% | $835.3M | $728.6M | 125x | as long as short |
| Reya BTCRUSDPERPshort | +0.0038% | 1h | 86,585 | −0.094% | $6.7M | $145.5M | 40x |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0045% | 8h | 86,586.9 | −0.092% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0055% | 8h | 86,625.6 | −0.047% | $152.2M | $478.9M | 150x | as long as short |
| Bitget BTCUSDT | +0.0057% | 8h | 86,599.6 | −0.077% | $2.97B | $5.12B | 150x | as long as short |
| dYdX BTC-USD | +0.0062% | 1h | 86,559.6 | −0.123% | $17.0M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0076% | 8h | 86,583.9 | −0.095% | $5.16B | $5.70B | 500x | as long as short |
| Binance BTCUSDT | +0.0076% | 8h | 86,596.9 | −0.080% | $9.45B | $24.55B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,607.5 | −0.068% | $2.5M | $1.4M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,589.4 | −0.089% | $5.88B | $10.83B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,611.4 | −0.064% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,610.8 | −0.064% | $23.8M | $153.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,565 | −0.117% | $8.5M | $52.3M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,547 | −0.138% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,608.3 | −0.067% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,566.7 | −0.115% | $21.8M | $234.0M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,662 | −0.005% | $3.80B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,597.7 | −0.079% | $41.1M | $538.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,583.8 | −0.095% | $5.27B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,598 | −0.079% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,568 | −0.114% | $3.9M | $18.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,597.3 | −0.080% | $7.0M | $96.7M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,613.6 | −0.061% | $38.1M | $155.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,554.4 | −0.129% | $157.4M | $568.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,559.4 | −0.124% | $279.6M | $948.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,495.7 | −0.197% | $217.1M | $171.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,582.7 | −0.097% | $141.8M | $323.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,546 | −0.139% | $30.7M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,619.4 | −0.054% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,588 | −0.091% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,596 | −0.081% | $194K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,609.1 | −0.066% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,646.5 | −0.023% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,645.4 | −0.024% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,553.5 | −0.130% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,618 | −0.056% | $60.6M | $338.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,606.6 | −0.069% | $2.30B | $968.8M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.246% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,569 | −0.113% | $45.8M | $225.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,580 | −0.100% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,657.9 | −0.010% | $193.7M | $953.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTXlong | +0.0112% | 1h | 86,666.5 | long leg | $132.2M | $5.64B | 50x | |
| Aftermath Perps BTCUSD | +0.0163% | 1h | 86,554.3 | −0.129% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,586.7 | −0.092% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0196% | 8h | 86,600 | −0.077% | $415.5M | $660.3M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0226% | 1h | 86,609.8 | −0.065% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,599 | −0.078% | $10.4M | $755.6M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0242% | 1h | 86,666.7 | 0.000% | $912.1M | $1.49B | 50x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL