OP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0623%/8h= +68.2% APRnext payment +$0.78 per $10,000 · paid last 24h +0.238%

Price spread now: Reya against Coinbase International−1.447%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Funding pays, the price is against you. Reya is 1.447% cheaper against Coinbase International than usual: you would sell low and buy high (spread −1.447% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$145 on $10k: about 7.7 days of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OP-PERP-INTX	0.1279	−0.0184	get 0.0023% / 1h	49m 10s	$25K	$77K	50x
Short	Reya OPRUSDPERP	0.1260	0.0439	get 0.0055% / 1h	49m 10s	$701	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −1.447%Rate

Funding earned: $130.82
Price spread: −1.447% → 0.000%: −$144.69
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$29.87
Costs to cover: 0.160%
Break-even: 8.6 days

Slippage unknown: Coinbase International: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Coinbase International 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	−0.1535%	1h	0.1258	−1.642%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1260	−1.453%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTXlong	−0.0184%	1h	0.1279	long leg	$25K	$77K	50x
ApeX Omni OPUSDT	0.0000%	1h	0.1261	−1.407%	$43K	$726K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1262	−1.344%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1261	−1.407%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1261	−1.398%	—	—	150x	as long as short
Variational Omni OP	+0.0055%	8h	0.1260	−1.454%	$224K	$52K	—	as long as short
Orderly PERP_OP_USDC	+0.0058%	8h	0.1260	−1.486%	$6K	$48K	10x	as long as short
OKX OP-USDT-SWAP	+0.0095%	8h	0.1262	−1.360%	$6.1M	$30.1M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1262	−1.298%	$281K	$946K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1263	−1.267%	$3.9M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1262	−1.318%	$211K	$231K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1261	−1.392%	$20.3M	$62.5M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1260	−1.462%	$18.3M	$26.2M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1262	−1.321%	$1.9M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1261	−1.392%	$20.5M	$7.4M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1261	−1.407%	$2.9M	$7.0M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1261	−1.407%	$5.9M	$6.6M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1261	−1.407%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1263	−1.251%	$122K	$198K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1258	−1.658%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1260	−1.452%	$312K	$5.2M	10x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1261	−1.439%	$169	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1262	−1.314%	$174K	$235K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1260	−1.480%	$101K	$389K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1260	−1.446%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1261	−1.400%	$1.0M	$276K	75x	as long as short
Reya OPRUSDPERPshort	+0.0439%	1h	0.1260	−1.447%	$701	—	20x
Kraken Futures PF_OPUSD	+0.0462%	1h	0.1262	−1.323%	$797K	$618K	20x	as long as short