OP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0332%/8h= +36.3% APRnext payment +$0.41 per $10,000 · paid last 24h +0.104%

Price spread now: Reya against Aevo+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Reya is 0.040% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OP-PERP	0.1256	0.0104	pay 0.0013% / 1h	30m 48s	$4K	—	3x
Short	Reya OPRUSDPERP	0.1256	0.0436	get 0.0054% / 1h	30m 48s	$699	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee ReyabpOrdersPrice spread, now +0.040%Rate

Funding earned: $69.69
Price spread: +0.040% → 0.000%: $4.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: $51.71
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Aevo 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.

OP on 30 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 OP/USDC PERP	−0.1658%	1h	0.1246	−0.793%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1066% / S +0.0229%	1h	0.1256	+0.032%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	0.1243	−1.032%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1254	−0.142%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1256	+0.003%	$41K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1256	+0.024%	—	—	150x	as long as short
Variational Omni OP	+0.0020%	8h	0.1252	−0.315%	$229K	$45K	—	as long as short
Orderly PERP_OP_USDC	+0.0032%	8h	0.1256	+0.003%	$6K	$51K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1257	+0.083%	$271K	$905K	15x	as long as short
OKX OP-USDT-SWAP	+0.0099%	8h	0.1256	+0.019%	$5.8M	$29.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1258	+0.154%	$3.9M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1256	+0.009%	$211K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1257	+0.073%	$20.4M	$62.5M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1256	−0.005%	$18.3M	$25.2M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1256	+0.027%	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1257	+0.059%	$20.2M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1256	+0.003%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1257	+0.083%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1256	+0.003%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1256	+0.027%	$127K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1253	−0.202%	$9K	$379K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1254	−0.156%	$310K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1253	−0.236%	$45K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1256	+0.011%	$173	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1257	+0.043%	$174K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1256	+0.004%	$100K	$186K	25x	as long as short
Aevo OP-PERPlong	+0.0104%	1h	0.1256	long leg	$4K	—	3x
Kraken Futures PF_OPUSD	+0.0137%	1h	0.1257	+0.083%	$777K	$731K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1255	−0.037%	$997K	$280K	75x	as long as short
Reya OPRUSDPERPshort	+0.0436%	1h	0.1256	+0.040%	$699	—	20x