Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.019%
Price spread now: Reya against Nado−0.014%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.014%, 7d avg −0.042%
=Together, before fees−0.016%+ Points / potential airdropNado: Active · Reya: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Reya is 0.028% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BTC-PERP | 85,420 | 0.0100 | pay 0.0012% / 1h | 51m 50s | $24.1M | $220.3M | 50x |
| Short | Reya BTCRUSDPERP | 85,407.9 | 0.0146 | get 0.0018% / 1h | 51m 50s | $6.6M | $140.1M | 40x |
Nado BTC-PERP
Reya BTCRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Nado. 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
- $9.73
- Price spread: −0.014% → −0.042%
- $2.77
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$0.5
- Costs to cover
- 0.130%
- Break-even
- 7.4 days
Slippage unknown: Nado: live order book, 2 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 Nado live order book, 2 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.2 bp −$419 | 9.6 bp −$4,803 |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,442 | +0.026% | $8K | $2K | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,451.6 | +0.037% | $423.5M | $684.7M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,482 | +0.073% | $307K | $23.1M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,416.5 | −0.004% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0004% | 8h | 85,387.1 | −0.039% | $929.9M | $776.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,439.4 | +0.023% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0026% | 8h | 85,391.9 | −0.033% | $502.1M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0030% | 1h | 85,415.5 | −0.005% | $16.7M | $21.0M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0067% | 1h | 85,414.2 | −0.007% | $830.4M | $1.67B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,393.9 | −0.030% | $186.2M | $952.5M | 100x | as long as short |
Hotstuff BTC-PERP
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | +0.0075% | 1h | 85,441 | +0.025% | $2.3M | $10.4M | 40x | as long as short |
| BingX BTC-USDT | +0.0080% | 8h | 85,392.7 | −0.032% | — | $1.58B | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,403.3 | −0.019% | $170.3M | $940.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,403.1 | −0.020% | $23.6M | $133.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,411 | −0.010% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,386.6 | −0.039% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,391 | −0.034% | $264K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,460.7 | +0.048% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERPlong | +0.0100% | 1h | 85,420 | long leg | $24.1M | $220.3M | 50x | |
| Pacifica BTC | +0.0100% | 1h | 85,430.4 | +0.012% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,389.3 | −0.036% | $9.40B | $25.17B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,395.5 | −0.029% | $5.08B | $10.03B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,411.1 | −0.010% | $2.61B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,423 | +0.004% | $3.8M | $17.3M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,430.2 | +0.012% | $4.6M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.044% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,404.4 | −0.018% | $5.48B | $9.84B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,392 | −0.033% | $5.03B | $5.72B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,428.6 | +0.010% | $2.98B | $5.17B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,389.8 | −0.035% | $37.7M | $194.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,356 | −0.075% | $155.8M | $547.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,324.2 | −0.112% | $283.0M | $959.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,382.2 | −0.044% | $214.4M | $157.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,354.3 | −0.077% | $138.1M | $312.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,433.5 | +0.016% | $30.1M | $217.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,498.1 | +0.091% | — | $9.5M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,241 | −0.209% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,416 | −0.005% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,396.2 | −0.028% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,436.3 | +0.019% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,405.3 | −0.017% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,380 | −0.047% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,384.5 | −0.042% | $2.26B | $974.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,402.3 | −0.021% | $160.2M | $517.4M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,366.8 | −0.062% | $45.7M | $241.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,455.3 | +0.041% | — | $107.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,431 | +0.013% | $111.3M | $5.46B | 50x | as long as short |
| Reya BTCRUSDPERPshort | +0.0146% | 1h | 85,407.9 | −0.014% | $6.6M | $140.1M | 40x | |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.080% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0148% | 1h | 85,410.3 | −0.011% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0184% | 8h | 85,454 | +0.040% | $10.7M | $740.2M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,434.7 | +0.017% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0260% | 1h | 85,476 | +0.066% | $3.81B | $5.13B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0295% | 1h | 85,413.9 | −0.007% | $81K | $246K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0328% | 1h | 85,493 | +0.086% | $685K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,448.3 | +0.033% | $469K | $18.4M | 6.7x | as long as short |
Phoenix BTC
BingX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
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
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Derive BTC-PERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC