ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.020%

Price spread now: Ondo Perps against Reya−0.051%7-day average +0.013% · you buy dearer than you sell

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

Long on Reya Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.051%, 7d avg +0.013%

Together, before fees−0.054%+ Points / potential airdropReya: Active · Ondo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.065% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ETHRUSDPERP	2,723.4	0.0199	pay 0.0025% / 1h	22m 29s	$7.3M	$1.2M	25x
Short	Ondo Perps ETH-USD.P	2,722	0.0100	get 0.0013% / 1h	22m 29s	$2.7M	$16.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$20.88
Price spread: −0.051% → +0.013%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$38.34
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Ondo Perps: 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 Reya no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Reya and Ondo Perps: 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.

ETH 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
Perpl ETH	−0.0447%	43m	2,723.8	+0.013%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,723.5	+0.004%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0011%	8h	2,720.6	−0.105%	$1.05B	$1.21B	200x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,724.1	+0.027%	$11.9M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,720	−0.125%	$814K	$3.0M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,724.4	+0.035%	$32.6M	—	200x	as long as short
dYdX ETH-USD	+0.0008%	1h	2,722.8	−0.022%	$10.3M	$42.5M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.231%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0033%	8h	2,724	+0.022%	—	$1.13B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,724.7	+0.048%	$190K	$829K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0043%	8h	2,724.2	+0.030%	$2.35B	$4.40B	150x	as long as short
SunX ETH-USDT	+0.0068%	8h	2,718.9	−0.167%	$953K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0074%	1h	2,724	+0.022%	$180K	$1.7M	20x	as long as short
ApeX Omni ETHUSDT	+0.0076%	1h	2,715.8	−0.279%	$8.6M	$31.4M	100x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,724.2	+0.029%	$373.7M	$577.4M	100x	as long as short
Aftermath Perps ETHUSD	+0.0079%	1h	2,720.6	−0.104%	$30K	$20K	20x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,724	+0.021%	$252.0M	$845.1M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,718	−0.196%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0089%	8h	2,724.2	+0.030%	$1.54B	$2.59B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,724.3	+0.032%	$6.31B	$16.07B	150x	as long as short
OKX ETH-USDT-SWAP	+0.0095%	8h	2,724.5	+0.039%	$1.66B	$10.81B	100x	as long as short
Phemex ETHUSDT	+0.0096%	8h	2,721.2	−0.080%	$262.2M	$64.9M	150x	as long as short
Lighter ETH	+0.0096%	1h	2,723.2	−0.007%	$112.1M	$434.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,724.8	+0.052%	$23.5M	$103.7M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,723.4	0.000%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,724.7	+0.049%	$15.1M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,723.5	+0.003%	$13.8M	$105.0M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,726.2	+0.103%	$3.09B	$2.04B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,723.7	+0.010%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.Pshort	+0.0100%	1h	2,722	−0.051%	$2.7M	$16.7M	25x
Arcus ETH-USD	+0.0100%	1h	2,723.9	+0.018%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.033%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,724.3	+0.031%	$3.30B	$9.00B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,724.3	+0.034%	$2.08B	$2.78B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,721.4	−0.075%	$14.9M	$43.2M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,716.2	−0.266%	$132.3M	$328.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,715.8	−0.279%	$184.0M	$676.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,721	−0.087%	$158.3M	$86.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,720.8	−0.095%	$20.9M	$70.1M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,724.8	+0.050%	—	$875K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,725.4	+0.073%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,724.8	+0.052%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,722	−0.051%	$40.8M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,720.6	−0.103%	$54.2M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,722.8	−0.024%	$30.4M	$74.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,724.4	+0.038%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,722.1	−0.049%	$49.5M	$4.29B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,724	+0.022%	$5.5M	$11.7M	25x	as long as short
Kalshi KXETHPERP	+0.0151%	8h	2,721	−0.088%	$6.9M	$693.1M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0158%	1h	2,721.9	−0.056%	$259.3M	$207.7M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,721.5	−0.071%	$82.8M	$312.1M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,726.6	+0.117%	$32.1M	$11.5M	100x	as long as short
Reya ETHRUSDPERPlong	+0.0199%	1h	2,723.4	long leg	$7.3M	$1.2M	25x
Hibachi ETH/USDT-P	+0.0264%	1h	2,721.1	−0.086%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0359%	8h	2,720.5	−0.108%	$281.1M	$173.9M	150x	as long as short