Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h +0.012%
Price spread now: gTrade (Gains Network) against Reya+0.042%7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.042%, 7d avg +0.028%
=Together, before fees−0.078%+ Points / potential airdropReya: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, 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 | Reya BTCRUSDPERP | 86,408.8 | 0.0044 | pay 0.0005% / 1h | 36m 39s | $6.7M | $145.7M | 40x |
| Short | gTrade (Gains Network) BTC/USD | 86,445.1 | L +0.0005% / S −0.0004% | get 0.0001% / 1h | 36m 39s | $36.9M | — | 200x |
Reya BTCRUSDPERP
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Reya. 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
- −$8.2
- Price spread: +0.042% → +0.028%
- $1.36
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$19.85
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,182 |
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 | −0.0129% | 1h | 86,448 | +0.045% | $2.2M | $11.2M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,420 | +0.013% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,430.7 | +0.025% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,400.2 | −0.010% | $498K | $21.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0005% / S −0.0004% | 1h | 86,445.1 | +0.042% | $36.9M | — | 200x | |
| Aster BTCUSDT | +0.0020% | 8h | 86,430.5 | +0.025% | $501.2M | $1.14B | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0023% | 1h | 86,430 | +0.024% | $333K | $26.9M | 52x | as long as short |
| dYdX BTC-USD | +0.0024% | 1h | 86,450 | +0.048% | $16.9M | $20.5M | 50x | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,423.1 | +0.016% | $154.0M | $474.1M | 150x | as long as short |
| KuCoin XBTUSDTM | +0.0038% | 8h | 86,442.4 | +0.039% | $831.5M | $722.0M | 125x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Perpl BTC
Aster BTCUSDT
Injective BTC/USDC PERP
dYdX BTC-USD
Phemex BTCUSDT
KuCoin XBTUSDTMShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERPlong | +0.0044% | 1h | 86,408.8 | long leg | $6.7M | $145.7M | 40x | |
| BingX BTC-USDC | +0.0049% | 8h | 86,418.2 | +0.011% | — | $15.3M | — | as long as short |
| RISEx BTC/USDC | +0.0052% | 1h | 86,435.9 | +0.031% | $8.3M | $42.5M | 25x | as long as short |
| Bitget BTCUSDT | +0.0062% | 8h | 86,423.2 | +0.017% | $2.97B | $5.04B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0077% | 1h | 86,463.1 | +0.063% | $903.4M | $1.51B | 50x | as long as short |
| MEXC BTC_USDT | +0.0077% | 8h | 86,426.9 | +0.021% | $5.13B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0077% | 8h | 86,420 | +0.013% | $9.41B | $24.31B | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 86,403.9 | −0.006% | $2.5M | $1.7M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,449.7 | +0.047% | $170.5M | $984.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,449.7 | +0.047% | $23.7M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,418 | +0.011% | $8.4M | $52.0M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,405 | −0.004% | $203K | $7.2M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,453.8 | +0.052% | $4.4M | $8.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,375.4 | −0.039% | $21.9M | $229.2M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,507 | +0.114% | $3.80B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,471 | +0.072% | $40.7M | $551.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 86,419.2 | +0.012% | $5.25B | $9.67B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,433.1 | +0.028% | $2.56B | $12.51B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,446 | +0.043% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,456.2 | +0.055% | $7.2M | $95.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,348 | −0.070% | $573.1M | $19.8M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 86,434.9 | +0.030% | $5.81B | $10.52B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,424.4 | +0.018% | $37.5M | $155.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,351.7 | −0.066% | $158.4M | $564.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,397.1 | −0.014% | $279.1M | $950.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,397.9 | −0.013% | $217.0M | $165.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,396.8 | −0.014% | $141.7M | $322.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,384.9 | −0.028% | $30.7M | $208.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,440.3 | +0.036% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,414 | +0.006% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,428.6 | +0.023% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,423.3 | +0.017% | $2.5M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,457.3 | +0.056% | $144K | $666K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,455.5 | +0.054% | $30.5M | $58.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,362.2 | −0.054% | $3.4M | $5.2M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,424 | +0.018% | $60.4M | $338.2M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,402.8 | −0.007% | $2.29B | $964.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,408.9 | 0.000% | $45.8M | $222.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,409.7 | +0.001% | — | $98.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,463.1 | +0.063% | $132.1M | $5.44B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,457.2 | +0.056% | $192.3M | $941.8M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0160% | 1h | 86,395.8 | −0.015% | $710K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0166% | 1h | 86,422.8 | +0.016% | $78K | $217K | 20x | as long as short |
| BloFin BTC-USDT | +0.0197% | 8h | 86,425.1 | +0.019% | $416.3M | $648.1M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0217% | 1h | 86,440.3 | +0.036% | $14.5M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0210% | 8h | 86,428 | +0.022% | $10.1M | $761.9M | 6.4x | as long as short |
BingX BTC-USDC
RISEx BTC/USDC
Bitget BTCUSDT
Deribit BTC-PERPETUAL
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
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
Bulk BTC-USD
Gate BTC_USDT
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
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP