BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.050%

Price spread now: Coinbase International against Reya+0.054%7-day average +0.059% · you sell dearer than you buy

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

Long on Reya Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.054%, 7d avg +0.059%

Together, before fees+0.018%+ Points / potential airdropReya: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya BTCRUSDPERP	85,788.6	0.0057	pay 0.0007% / 1h	24m 42s	$6.7M	$146.3M	40x
Short	Coinbase International BTC-PERP-INTX	85,835	0.0112	get 0.0014% / 1h	24m 42s	$131.2M	$5.16B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.054%Rate

Funding earned: $11.47
Price spread: +0.054% → +0.059%: −$0.5
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.03
Costs to cover: 0.160%
Break-even: 10.1 days

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.9 bp −$589	14.3 bp −$7,127

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 55 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	−0.0144%	1h	85,733	−0.065%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,797	+0.010%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,768.3	−0.024%	$365K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	85,796.2	+0.009%	$514K	$20.7M	6.7x	as long as short
dYdX BTC-USD	+0.0002%	1h	85,800	+0.013%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,817.8	+0.034%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	−0.114%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTM	+0.0033%	8h	85,775.2	−0.016%	$904.5M	$754.4M	125x	as long as short
Aster BTCUSDT	+0.0037%	8h	85,772.4	−0.019%	$516.7M	$1.14B	200x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,804.5	+0.019%	$8.2M	$42.1M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDC	+0.0055%	8h	85,782.3	−0.007%	—	$16.2M	—	as long as short
Nado BTC-PERP	+0.0056%	1h	85,773.4	−0.018%	$22.6M	$227.7M	50x	as long as short
Reya BTCRUSDPERPlong	+0.0057%	1h	85,788.6	long leg	$6.7M	$146.3M	40x
Bitget BTCUSDT	+0.0070%	8h	85,792.9	+0.005%	$2.95B	$5.08B	150x	as long as short
ApeX Omni BTCUSDT	+0.0070%	1h	85,752.5	−0.042%	$140.2M	$319.5M	100x	as long as short
HTX BTC-USDT	+0.0073%	8h	85,788.6	0.000%	$2.27B	$946.7M	200x	as long as short
Aevo BTC-PERP	+0.0088%	1h	85,799.4	+0.013%	$2.5M	$1.8M	20x	as long as short
MEXC BTC_USDT	+0.0091%	8h	85,752	−0.043%	$5.07B	$5.73B	500x	as long as short
Binance BTCUSDT	+0.0092%	8h	85,781.5	−0.008%	$9.34B	$24.31B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,794	+0.006%	$170.4M	$989.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,799.6	+0.013%	$23.6M	$147.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,782	−0.008%	$8.4M	$51.9M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,755	−0.039%	$202K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,781.3	−0.009%	$3.8M	$8.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,852	+0.074%	$3.76B	$4.97B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,808	+0.023%	$40.3M	$571.4M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,787.7	−0.001%	$5.31B	$9.74B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,766.2	−0.026%	$2.54B	$12.36B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,784	−0.005%	$4.0M	$18.1M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,755.4	−0.039%	$7.3M	$98.0M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,744.8	−0.051%	$590.5M	$195.3M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,799.7	+0.013%	$5.61B	$10.54B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,785.7	−0.003%	$35.4M	$164.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,799.4	+0.013%	$156.6M	$556.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,740.4	−0.056%	$278.7M	$939.3M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,752.4	−0.042%	$215.2M	$166.3M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,771.2	−0.020%	$30.3M	$208.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,842.5	+0.063%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,789	0.000%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,804	+0.018%	$188K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,810.3	+0.025%	$2.4M	$9.0M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,844	+0.065%	$186K	$708K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,798.4	+0.011%	$30.0M	$56.2M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,771.5	−0.020%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,795	+0.007%	$60.1M	$337.3M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,794.5	+0.007%	$154.1M	$480.3M	150x	as long as short
Extended BTC-USD	+0.0104%	1h	85,760.3	−0.033%	$44.0M	$228.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,793.6	+0.006%	—	$100.9M	500x	as long as short
Coinbase International BTC-PERP-INTXshort	+0.0112%	1h	85,835	+0.054%	$131.2M	$5.16B	50x
Hibachi BTC/USDT-P	+0.0136%	1h	85,815.6	+0.032%	$697K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,824.7	+0.042%	$188.6M	$963.2M	100x	as long as short
Aftermath Perps BTCUSD	+0.0166%	1h	85,739.1	−0.058%	$78K	$219K	20x	as long as short
Deribit BTC-PERPETUAL	+0.0184%	1h	85,844.4	+0.065%	$894.6M	$1.53B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0192%	1h	85,807.2	+0.022%	$13.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0211%	8h	85,811	+0.026%	$10.2M	$770.1M	6.4x	as long as short