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: Aevo against Reya−0.040%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aevo is 0.040% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1256 | 0.0436 | pay 0.0054% / 1h | 31m 16s | $699 | — | 20x |
| Short | Aevo OP-PERP | 0.1256 | 0.0104 | get 0.0013% / 1h | 31m 16s | $4K | — | 3x |
Reya OPRUSDPERP
Aevo OP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$69.69
- Price spread: −0.040% → 0.000%
- −$4.01
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$95.7
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Aevo: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Reya and Aevo: 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 | −0.833% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1256 | −0.008% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −1.072% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | −0.182% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1256 | −0.037% | $41K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1256 | −0.016% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0020% | 8h | 0.1252 | −0.355% | $229K | $45K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0032% | 8h | 0.1256 | −0.037% | $6K | $51K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1256 | −0.037% | $271K | $905K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0099% | 8h | 0.1256 | −0.037% | $5.8M | $29.5M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1258 | +0.122% | $3.9M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1256 | 0.000% | $211K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1256 | −0.008% | $20.4M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1256 | −0.069% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1256 | −0.061% | $1.8M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1257 | +0.019% | $20.2M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1255 | −0.117% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1256 | −0.037% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1255 | −0.117% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | −0.260% | $127K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1253 | −0.242% | $9K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1254 | −0.196% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | −0.276% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1256 | −0.029% | $173 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | −0.236% | $173K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1256 | −0.033% | $100K | $186K | 25x | as long as short |
| Aevo OP-PERPshort | +0.0104% | 1h | 0.1256 | −0.040% | $4K | — | 3x | |
| Kraken Futures PF_OPUSD | +0.0137% | 1h | 0.1257 | +0.043% | $777K | $731K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1253 | −0.284% | $997K | $279K | 75x | as long as short |
| Reya OPRUSDPERPlong | +0.0436% | 1h | 0.1256 | long leg | $699 | — | 20x |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Kraken Futures PF_OPUSD
BloFin OP-USDT