Settings8H · net · $10k
Funding arb · Price arb /

MKR

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+2.3229%/8h= +2543.6% APRnext payment +$29.04 per $10,000 · paid last 24h +6.969%
Price spread now: Reya against Extended+0.979%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Reya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$697 a day on $10k at the current rate, and Reya is 0.979% dearer against Extended than usual: you sell high and buy low: +$98 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MKR-USD1,663.90.0104pay 0.0013% / 1h6m 48s$1210x
ShortReya MKRRUSDPERP1,680.22.3333get 0.2917% / 1h6m 48s$17

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Extended. 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

Funding earned
$4,878.16
Price spread: +0.979% → 0.000%
$97.95
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Reya: 3 bp × 2 orders
−$6
Net
$4,965.11
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Reya no order-book sample
Extended and 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.

MKR on 2 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended MKR-USDlong+0.0104%1h1,663.9long leg$1210x
Reya MKRRUSDPERPshort+2.3333%1h1,680.2+0.979%$17