Funding you earn now, next payment 23:00 UTC+0.0234%/8h= +25.6% APRpaid last 24h +0.085%
Price spread now: Reya against GRVT+0.038%64s7-day average −0.050% · 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)+0.196%+$20 on $10k
+Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.038%, 7d avg −0.050%
=Together, before fees+0.056%+ Points / potential airdropGRVT: Active · Reya: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.088% dearer against GRVT than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT LDO_USDT_Perp | 0.4333 | 0.0100 | pay 0.0100% / 8h | 1h 09m | $309K | $3.4M | 10x |
| Short | Reya LDORUSDPERP | 0.4335 | 0.0334 | get 0.0042% / 1h | 9m 42s | $302K | — | 15x |
GRVT LDO_USDT_Perp
Reya LDORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against GRVT. 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
- $49.13
- Price spread: +0.038% → −0.050%
- $8.82
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $42.95
- Costs to cover
- 0.150%
- Break-even
- 0.9 days
Slippage unknown: GRVT: live order book, 4 min ago; Reya: 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 GRVT live order book, 4 min ago | 2.31 bp | 12.2 bp −$12 | 68.1 bp −$681 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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.
LDO on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERP | −0.0851% | 1h | 0.4110 | −5.148% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.0600% | 1h | 0.4312 | −0.486% | $117K | $55K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4343 | +0.238% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4341 | +0.183% | $3K | $10K | 25x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4341 | +0.175% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4349 | +0.377% | $12.2M | $3.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4342 | +0.208% | $171K | $152K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4343 | +0.222% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4344 | +0.252% | $18.1M | $37.7M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4338 | +0.114% | $16.5M | $12.9M | 50x | as long as short |
Injective LDO/USDC PERP
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4338 | +0.114% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4340 | +0.160% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4344 | +0.252% | $8.5M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4342 | +0.206% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4340 | +0.160% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4340 | +0.160% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4341 | +0.181% | $86K | $180K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4336 | +0.065% | $203K | $83K | — | as long as short |
| GRVT LDO_USDT_Perplong | +0.0100% | 8h | 0.4333 | long leg | $309K | $3.4M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4340 | +0.160% | $35K | $649K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4340 | +0.171% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4441 | +2.491% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4337 | +0.093% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4341 | +0.174% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0106% | 8h | 0.4344 | +0.252% | $787K | $224K | 75x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0296% | 1h | 0.4341 | +0.189% | $1.1M | $527K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4341 | +0.178% | $24K | — | 100x | as long as short |
| Lighter LDO | +0.0328% | 1h | 0.4352 | +0.437% | $883K | $268K | 10x | as long as short |
| Reya LDORUSDPERPshort | +0.0334% | 1h | 0.4335 | +0.038% | $302K | — | 15x |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Lighter LDO