Funding you earn now, next payment 01:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.099%
Price spread now: Bitget against Reya+0.340%7-day average — · you sell dearer than you buy
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
=The price spread pays, funding is against you. Bitget is 0.340% dearer against Reya than usual: you sell high and buy low (spread +0.340% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya OPRUSDPERP | 0.1260 | 0.0439 | pay 0.0055% / 1h | 17m 49s | $700 | — | 20x |
| Short | Bitget OPUSDT | 0.1264 | 0.0100 | get 0.0100% / 8h | 7h 17m | $6.0M | $6.4M | 75x |
Reya OPRUSDPERP
Bitget OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$71.09
- Price spread: +0.340% → 0.000%
- $33.95
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$55.14
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Bitget: live order book, 5 min ago. 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 Bitget live order book, 5 min ago | 3.96 bp | 17.8 bp −$18 | 27.5 bp −$275 | 106.6 bp −$10.7K | doesn't fit |
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 | −0.1656% | 1h | 0.1256 | −0.296% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | +0.114% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1257 | −0.216% | $20K | $63K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1258 | −0.145% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | +0.181% | $42K | $167K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1261 | +0.083% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0045% | 8h | 0.1261 | +0.113% | $230K | $47K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0057% | 8h | 0.1261 | +0.101% | $6K | $48K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1264 | +0.371% | $283K | $950K | 15x | as long as short |
| Bybit OPUSDT | +0.0099% | 8h | 0.1263 | +0.284% | $18.3M | $26.0M | 75x | 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
Bybit OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.459% | $4.0M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.323% | $211K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1264 | +0.324% | $20.4M | $61.9M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1263 | +0.284% | $6.1M | $30.0M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | +0.268% | $1.9M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1264 | +0.340% | $20.1M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1262 | +0.181% | $2.9M | $7.1M | 75x | as long as short |
| Bitget OPUSDTshort | +0.0100% | 8h | 0.1264 | +0.340% | $6.0M | $6.4M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | +0.260% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | +0.276% | $122K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1262 | +0.145% | $4K | $391K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1261 | +0.128% | $305K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | +0.181% | $43K | $725K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | +0.236% | $176 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | +0.244% | $174K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1263 | +0.249% | $106K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1262 | +0.166% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1259 | −0.081% | $1.0M | $274K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0384% | 1h | 0.1264 | +0.327% | $798K | $756K | 20x | as long as short |
| Reya OPRUSDPERPlong | +0.0439% | 1h | 0.1260 | long leg | $700 | — | 20x |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD