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

MKR

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−2.3229%/8h= −2543.6% APRnext payment $29.04 per $10,000 · paid last 24h −6.969%
Price spread now: Extended against Reya−0.968%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$697 a day on $10k at the current rate, and Extended is 0.968% cheaper against Reya than usual: you would sell low and buy high (−$97 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya MKRRUSDPERP1,680.22.3333pay 0.2917% / 1h7m 57s$17
ShortExtended MKR-USD1,663.90.0104get 0.0013% / 1h7m 57s$1210x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$4,878.16
Price spread: −0.968% → 0.000%
−$96.8
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$4,985.96
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Extended: 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 Reya no order-book sample
Sell Extended no order-book sample
Reya and Extended: 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-USDshort+0.0104%1h1,663.9−0.968%$1210x
Reya MKRRUSDPERPlong+2.3333%1h1,680.2long leg$17