Funding you earn now, next payment 06:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.038%
Price spread now: Bybit against Reya+0.010%46s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 46 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 | Reya MERUSDPERP | 0.07443 | 0.0228 | pay 0.0028% / 1h | 23m 44s | $26K | — | 15x |
| Short | Bybit MEUSDT | 0.07444 | −0.0082 | pay 0.0041% / 4h | 2h 23m | $1.5M | $822K | 25x |
Reya MERUSDPERP
Bybit MEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$65.05
- Price spread: +0.010% → 0.000%
- $0.95
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.1
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 6.06 bp | 45.7 bp −$46 | 294.1 bp −$2,941 | doesn't fit | 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.
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEUSDTshort | −0.0082% | 4h | 0.07444 | +0.010% | $1.5M | $822K | 25x | |
| Hyperliquid ME | +0.0100% | 1h | 0.07446 | +0.036% | $233K | $111K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07445 | +0.024% | $13K | $21K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07444 | +0.015% | $2.1M | $4.1M | 50x | as long as short |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07430 | −0.179% | $469K | $1.2M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07440 | −0.044% | $192K | $75K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07444 | +0.010% | $493K | $131K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07444 | +0.010% | $213K | $32K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07443 | −0.004% | $637K | $437K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07441 | −0.031% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07418 | −0.336% | $12K | $2K | — | as long as short |
| BloFin ME-USDT | +0.0114% | 4h | 0.07427 | −0.219% | $107K | $9K | 50x | as long as short |
| Reya MERUSDPERPlong | +0.0228% | 1h | 0.07443 | long leg | $26K | — | 15x |
Variational Omni ME
BloFin ME-USDT