Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.007%
Price spread now: Polymarket Perps against Reya+0.094%7-day average +0.039% · 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)−0.031%−$3 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.094%, 7d avg +0.039%
=Together, before fees−0.099%+ Points / potential airdropReya: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.055% dearer against Reya than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.039%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 3 days (−0.031% in total) that is about 5.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ETHRUSDPERP | 2,763.1 | 0.0185 | pay 0.0023% / 1h | 35m 50s | $7.4M | $998K | 25x |
| Short | Polymarket Perps ETH-USD | 2,765.7 | 0.0100 | get 0.0013% / 1h | 35m 50s | $10.8M | $7.8M | 50x |
Reya ETHRUSDPERP
Polymarket Perps ETH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.95
- Price spread: +0.094% → +0.039%
- $5.47
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$26.48
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 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 Polymarket Perps live order book, 3 min ago | 0.18 bp | 5.0 bp −$5 | 6.2 bp −$62 | 14.6 bp −$1,464 | 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.
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 | −0.0112% | 43m | 2,765.4 | +0.082% | $288K | $6.8M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0107% | 1h | 2,766.1 | +0.109% | $119K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,763.9 | +0.029% | $5K | $2K | 50x | as long as short |
| ApeX Omni ETHUSDT | −0.0072% | 1h | 2,765.2 | +0.077% | $10.4M | $30.9M | 100x | as long as short |
| 01 Exchange ETHUSD | −0.0064% | 1h | 2,764.5 | +0.051% | $172K | $1.2M | 50x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,767.2 | +0.148% | $795K | $3.7M | 25x | as long as short |
| RISEx ETH/USDC | −0.0011% | 1h | 2,764.6 | +0.053% | $5.8M | $11.9M | 25x | as long as short |
| Deribit ETH-PERPETUAL | 0.0000% | 1h | 2,764.5 | +0.049% | $258.4M | $224.5M | 50x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,765.6 | +0.089% | $12.7M | $45.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,764 | +0.033% | $22.3M | — | 200x | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
ApeX Omni ETHUSDT
01 Exchange ETHUSD
Phoenix ETH
RISEx ETH/USDC
Deribit ETH-PERPETUAL
dYdX ETH-USD
gTrade (Gains Network) ETH/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETH-USDT-SWAP | +0.0022% | 8h | 2,764.7 | +0.058% | $1.70B | $11.82B | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0024% | 1h | 2,767.6 | +0.164% | $29K | $21K | 20x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,764.3 | +0.045% | $13.1M | — | 200x | as long as short |
| Phemex ETHUSDT | +0.0034% | 8h | 2,763.6 | +0.017% | $265.9M | $66.0M | 150x | as long as short |
| Aster ETHUSDT | +0.0039% | 8h | 2,764.4 | +0.047% | $255.6M | $995.3M | 200x | as long as short |
| MEXC ETH_USDT | +0.0045% | 8h | 2,763.8 | +0.026% | $1.61B | $2.65B | 500x | as long as short |
| Binance ETHUSDT | +0.0046% | 8h | 2,764.6 | +0.053% | $6.42B | $17.19B | 150x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,761.2 | −0.070% | $5.0M | $636K | 20x | as long as short |
| Gate ETH_USDT | +0.0062% | 8h | 2,764.5 | +0.051% | $3.28B | $9.61B | 200x | as long as short |
| Bitget ETHUSDT | +0.0074% | 8h | 2,764.8 | +0.061% | $2.09B | $3.13B | 150x | as long as short |
| Bullet ETH-USD | +0.0084% | 1h | 2,763.8 | +0.025% | $183K | $1.8M | 20x | as long as short |
| Variational Omni ETH | +0.0091% | 8h | 2,765.4 | +0.082% | $140.3M | $319.1M | — | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,763.9 | +0.028% | $115.2M | $511.4M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,764.8 | +0.061% | $25.3M | $122.1M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,765.2 | +0.076% | — | $41.7M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,764 | +0.034% | $15.9M | $10.9M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,764.6 | +0.054% | $479K | $2.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,764 | +0.032% | $14.7M | $116.7M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,766.4 | +0.119% | $3.18B | $2.38B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,764.9 | +0.065% | $31.1M | $285.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,764.7 | +0.057% | $2.50B | $4.64B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,764.9 | +0.065% | $2.9M | $16.5M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,766.4 | +0.120% | $2.7M | $17.5M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,765.5 | +0.088% | $164.9M | $254.7M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,764.2 | +0.041% | $424.0M | $741.5M | 100x | as long as short |
| BingX ETH-USDC | +0.0100% | 8h | 2,764.2 | +0.041% | — | $17.3M | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,764 | +0.031% | $15.3M | $42.4M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,763.9 | +0.029% | $177.7M | $791.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,765.7 | +0.095% | $160.8M | $97.4M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,767.4 | +0.156% | $21.4M | $57.7M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,765.7 | +0.093% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USDshort | +0.0100% | 1h | 2,765.7 | +0.094% | $10.8M | $7.8M | 50x | |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,764.4 | +0.048% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,765.6 | +0.091% | $42.5M | $29.2M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,764 | +0.034% | $970K | $14.3M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,762.7 | −0.015% | $55.0M | $228.6M | 40x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,762.8 | −0.012% | $1.08B | $1.32B | 200x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,763.4 | +0.012% | $31.4M | $76.2M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,764.7 | +0.056% | $60.1M | $4.61B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0120% | 8h | 2,765.4 | +0.083% | $8.6M | $672.0M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0130% | 8h | 2,765.8 | +0.096% | $32.5M | $11.9M | 100x | as long as short |
| BloFin ETH-USDT | +0.0165% | 8h | 2,766.7 | +0.130% | $286.2M | $194.2M | 150x | as long as short |
| Reya ETHRUSDPERPlong | +0.0185% | 1h | 2,763.1 | long leg | $7.4M | $998K | 25x | |
| Kraken Futures PF_ETHUSD | +0.0241% | 1h | 2,764.2 | +0.039% | $87.8M | $329.7M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0416% | 1h | 2,769.3 | +0.226% | $272K | $1.5M | 20x | as long as short |
OKX ETH-USDT-SWAP
Aftermath Perps ETHUSD
GMX ETH/USD [ETH-USDC]
Phemex ETHUSDT
Aster ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Aevo ETH-PERP
Gate ETH_USDT
Bitget ETHUSDT
Bullet ETH-USD
Variational Omni ETH
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Hyperliquid ETH
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
BingX ETH-USDC
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Extended ETH-USD
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
BloFin ETH-USDT
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P