OP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0447%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h −0.131%

Price spread now: dYdX against Reya+0.084%7-day average — · you sell dearer than you buy

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

Long on Reya Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. dYdX is 0.084% dearer against Reya than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1229	0.0447	pay 0.0056% / 1h	30m 05s	$683	—	20x
Short	dYdX OP-USD	0.1230	0	get 0.0000% / 1h	30m 05s	$38K	$522	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Reya. 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 ReyabpFee dYdXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$93.81
Price spread: +0.084% → 0.000%: $8.41
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$101.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

Reya and dYdX: 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 exchanges

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
GMX OP/USD [OP-USDC]	L −0.0886% / S +0.0200%	1h	0.1230	+0.124%	$13K	—	100x	as long as short
Hyperliquid OP	−0.0523%	1h	0.1229	−0.005%	$3.8M	$3.9M	5x	as long as short
Binance OPUSDT	−0.0083%	8h	0.1229	−0.005%	$18.9M	$66.3M	75x	as long as short
MEXC OP_USDT	−0.0083%	8h	0.1229	−0.005%	$21.6M	$7.4M	300x	as long as short
Extended OP-USD	−0.0080%	1h	0.1229	+0.014%	$98K	$580K	25x	as long as short
Orderly PERP_OP_USDC	−0.0069%	8h	0.1230	+0.092%	$12K	$231K	10x	as long as short
Coinbase International OP-PERP-INTX	−0.0048%	1h	0.1229	+0.011%	$24K	$68K	50x	as long as short
Gate OP_USDT	−0.0040%	8h	0.1230	+0.084%	$1.9M	$1.4M	50x	as long as short
GRVT OP_USDT_Perp	−0.0020%	8h	0.1224	−0.425%	$303K	$5.8M	10x	as long as short
dYdX OP-USDshort	0.0000%	1h	0.1230	+0.084%	$38K	$522	10x

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1230	+0.092%	$30K	$113K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1228	−0.094%	—	—	150x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	0.1257	+2.289%	$35K	$67K	12x	as long as short
BloFin OP-USDT	+0.0036%	8h	0.1227	−0.136%	$980K	$279K	75x	as long as short
Aevo OP-PERP	+0.0064%	1h	0.1229	+0.017%	$3K	$1K	3x	as long as short
Variational Omni OP	+0.0064%	8h	0.1228	−0.098%	$218K	$46K	—	as long as short
SoDEX OP-USD	+0.0066%	1h	0.1229	+0.027%	$194	$5K	5x	as long as short
Lighter OP	+0.0096%	1h	0.1229	−0.005%	$264K	$1.1M	15x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1229	−0.019%	$203K	$211K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1229	−0.005%	$17.7M	$24.6M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1229	−0.005%	$5.9M	$27.5M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1229	+0.011%	$2.8M	$5.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1229	+0.011%	$5.8M	$6.8M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1229	+0.011%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1229	+0.011%	$113K	$209K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1224	−0.371%	$4K	$1.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1230	+0.092%	$43K	$686K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1229	+0.027%	$167K	$262K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0157%	1h	0.1231	+0.145%	$731K	$736K	20x	as long as short
Reya OPRUSDPERPlong	+0.0447%	1h	0.1229	long leg	$683	—	20x