BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.15 per $10,000 · paid last 24h +0.044%

Price spread now: Aftermath Perps against Reya−0.080%7-day average +0.040% · you buy dearer than you sell

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

Long on Reya Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.080%, 7d avg +0.040%

Together, before fees+0.185%+ Points / potential airdropReya: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.119% cheaper against Reya than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.040%). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.053% in total) that is about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BTCRUSDPERP	85,626.4	0.0088	pay 0.0011% / 1h	59m 42s	$6.6M	$146.9M	40x
Short	Aftermath Perps BTCUSD	85,558.2	0.0211	get 0.0026% / 1h	59m 42s	$78K	$220K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ReyabpFee Aftermath PerpsbpOrdersPrice spread, now −0.080%Rate

Funding earned: $25.83
Price spread: −0.080% → +0.040%: −$11.92
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$1.1
Costs to cover: 0.150%
Break-even: 7.3 days

Slippage unknown: Reya: no order-book sample; Aftermath Perps: live order book, 59 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 Aftermath Perps live order book, 59 min ago	1.00 bp	9.8 bp −$10	doesn't fit	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.

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	−0.0179%	1h	85,565	−0.072%	$2.1M	$10.3M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,581	−0.053%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0036%	8h	85,640.8	+0.017%	$922.5M	$752.6M	125x	as long as short
BloFin BTC-USDT	−0.0020%	8h	85,600	−0.031%	$417.7M	$670.1M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,673.4	+0.055%	$367K	$2.3M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	85,636.3	+0.012%	$36.6M	—	200x	as long as short
dYdX BTC-USD	+0.0010%	1h	85,680	+0.063%	$16.8M	$21.3M	50x	as long as short
Nado BTC-PERP	+0.0011%	1h	85,600.6	−0.030%	$25.0M	$221.9M	50x	as long as short
Aster BTCUSDT	+0.0015%	8h	85,658	+0.037%	$516.3M	$1.10B	200x	as long as short
Arcus BTC-USD	+0.0021%	1h	85,654	+0.032%	$4.2M	$98.3M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0063%	8h	85,673.4	+0.055%	—	$1.54B	—	as long as short
Phemex BTCUSDT	+0.0065%	8h	85,624.2	−0.003%	$148.6M	$489.1M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,666.6	+0.047%	$2.96B	$5.10B	150x	as long as short
Bluefin BTC-PERP	+0.0081%	1h	85,675.6	+0.057%	$207K	$739K	40x	as long as short
Reya BTCRUSDPERPlong	+0.0088%	1h	85,626.4	long leg	$6.6M	$146.9M	40x
Lighter BTC	+0.0096%	1h	85,669.8	+0.051%	$172.4M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,669.6	+0.050%	$23.9M	$149.8M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,618	−0.010%	$8.7M	$53.6M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,618.2	−0.010%	$2.5M	$1.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,629	+0.003%	$203K	$8.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,731.7	+0.123%	$5.2M	$9.1M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,747	+0.141%	$3.79B	$5.01B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,695.7	+0.081%	$40.5M	$582.0M	50x	as long as short
Binance BTCUSDT	+0.0100%	8h	85,663.3	+0.043%	$9.39B	$24.25B	150x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,666	+0.046%	$5.20B	$9.82B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,680	+0.063%	$2.59B	$12.17B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,663	+0.043%	$3.8M	$17.8M	25x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,487.5	−0.162%	$672.1M	$698.9M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,670.1	+0.051%	$5.52B	$10.69B	200x	as long as short
MEXC BTC_USDT	+0.0100%	8h	85,664.7	+0.045%	$5.09B	$5.62B	500x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,614.6	−0.014%	$35.7M	$177.5M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,565.9	−0.071%	$153.8M	$564.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,523.8	−0.120%	$279.4M	$922.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,554.3	−0.084%	$214.7M	$167.9M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,562.4	−0.075%	$139.9M	$314.9M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,544.2	−0.096%	$30.2M	$208.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,662.5	+0.042%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,620	−0.007%	$11.1M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,633.7	+0.009%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,626.8	0.000%	$2.4M	$8.8M	100x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,618.9	−0.009%	$30.0M	$50.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,595.5	−0.036%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,633	+0.008%	$60.0M	$336.1M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,620.6	−0.007%	$2.27B	$943.3M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	85,646.8	+0.024%	$44.8M	$231.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,592.5	−0.040%	—	$107.5M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,665.9	+0.046%	$117.3M	$5.21B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0106%	1h	85,669.5	+0.050%	$886.7M	$1.58B	50x	as long as short
Injective BTC/USDC PERP	+0.0150%	1h	85,610	−0.019%	$340K	$26.9M	52x	as long as short
Kraken Futures PF_XBTUSD	+0.0170%	1h	85,648.4	+0.026%	$187.7M	$953.6M	100x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,687	+0.071%	$8.4M	$42.6M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0202% / S −0.0178%	1h	85,634.1	+0.009%	$13.2M	—	200x	as long as short
Aftermath Perps BTCUSDshort	+0.0211%	1h	85,558.2	−0.080%	$78K	$220K	20x
Kalshi KXBTCPERP	+0.0220%	8h	85,638	+0.014%	$10.4M	$755.0M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0256%	1h	85,621.2	−0.006%	$702K	$7.8M	30x	as long as short
Perpl BTC	+0.0335%	43m	85,617.5	−0.010%	$496K	$18.8M	6.7x	as long as short