OP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0439%/8h= +48.1% APRnext payment +$0.55 per $10,000 · paid last 24h +0.129%

Price spread now: Reya against gTrade (Gains Network)−0.097%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.097% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 18 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1260	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	31m 56s	—	—	150x
Short	Reya OPRUSDPERP	0.1259	0.0443	get 0.0055% / 1h	31m 56s	$700	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ReyabpOrdersPrice spread, now −0.097%Rate

Funding earned: $92.16
Price spread: −0.097% → 0.000%: −$9.67
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $66.49
Costs to cover: 0.160%
Break-even: 1.9 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.1760%	1h	0.1253	−0.541%	$35K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0898% / S +0.0202%	1h	0.1260	+0.034%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0047%	8h	0.1258	−0.144%	$59K	$167K	10x	as long as short
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1260	+0.037%	$754K	$652K	20x	as long as short
Variational Omni OP	−0.0015%	8h	0.1262	+0.208%	$223K	$46K	—	as long as short
dYdX OP-USD	0.0000%	1h	0.1261	+0.074%	$39K	$522	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1260	+0.015%	$32K	$154K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1260	long leg	—	—	150x
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1262	+0.174%	$24K	$64K	50x	as long as short
Bybit OPUSDT	+0.0054%	8h	0.1259	−0.072%	$18.5M	$26.0M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin OPUSDTM	+0.0055%	8h	0.1258	−0.144%	$2.8M	$6.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0078%	8h	0.1260	−0.017%	$6.1M	$29.6M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1260	+0.047%	$276K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1261	+0.071%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1261	+0.081%	$209K	$218K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1260	+0.055%	$19.9M	$66.5M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1259	−0.048%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1259	−0.033%	$22.5M	$8.0M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1260	+0.015%	$5.7M	$6.8M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1259	−0.064%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1260	−0.001%	$108K	$216K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1262	+0.140%	$382K	$768K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1261	+0.125%	$311K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1262	+0.174%	$43K	$699K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1259	−0.033%	$204	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1260	+0.039%	$171K	$253K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1259	−0.066%	$101K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1259	−0.087%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1260	+0.031%	$995K	$326K	75x	as long as short
Reya OPRUSDPERPshort	+0.0443%	1h	0.1259	−0.097%	$700	—	20x