OP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.130%

Price spread now: gTrade (Gains Network) against Reya+0.093%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 gTrade (Gains Network)

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. gTrade (Gains Network) is 0.093% dearer against Reya than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1239	0.0448	pay 0.0056% / 1h	9m 52s	$689	—	20x
Short	gTrade (Gains Network) OP/USD	0.1240	L +0.0004% / S −0.0004%	get 0.0000% / 1h	9m 52s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.093%Rate

Funding earned: −$93.21
Price spread: +0.093% → 0.000%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$99.96
Costs to cover: 0.160%
Break-even: never at this rate

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

Reya and gTrade (Gains Network): 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 −0.1360% / S +0.0278%	1h	0.1240	+0.083%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0556%	1h	0.1240	+0.060%	$30K	$112K	25x	as long as short
Hyperliquid OP	−0.0444%	1h	0.1240	+0.068%	$3.8M	$4.1M	5x	as long as short
Binance OPUSDT	−0.0169%	8h	0.1242	+0.189%	$19.2M	$65.4M	75x	as long as short
Extended OP-USD	−0.0168%	1h	0.1241	+0.152%	$102K	$669K	25x	as long as short
MEXC OP_USDT	−0.0164%	8h	0.1242	+0.189%	$21.8M	$7.2M	300x	as long as short
Orderly PERP_OP_USDC	−0.0096%	8h	0.1239	−0.020%	$12K	$229K	10x	as long as short
Gate OP_USDT	−0.0073%	8h	0.1242	+0.230%	$1.9M	$1.3M	50x	as long as short
Coinbase International OP-PERP-INTX	−0.0056%	1h	0.1240	+0.060%	$24K	$71K	50x	as long as short
Kraken Futures PF_OPUSD	−0.0053%	1h	0.1241	+0.181%	$735K	$721K	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OP-USDT	−0.0044%	8h	0.1237	−0.141%	$979K	$260K	75x	as long as short
GRVT OP_USDT_Perp	−0.0012%	8h	0.1240	+0.060%	$302K	$5.8M	10x	as long as short
KuCoin OPUSDTM	−0.0006%	8h	0.1241	+0.141%	$2.9M	$5.1M	75x	as long as short
dYdX OP-USD	0.0000%	1h	0.1242	+0.194%	$38K	$522	10x	as long as short
gTrade (Gains Network) OP/USDshort	L +0.0004% / S −0.0004%	1h	0.1240	+0.093%	—	—	150x
Injective OP/USDC PERP	+0.0033%	1h	0.1233	−0.505%	$34K	$67K	12x	as long as short
Aevo OP-PERP	+0.0040%	1h	0.1240	+0.020%	$3K	$1K	3x	as long as short
Variational Omni OP	+0.0045%	8h	0.1237	−0.197%	$220K	$44K	—	as long as short
Lighter OP	+0.0096%	1h	0.1240	+0.101%	$248K	$1.1M	15x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1241	+0.174%	$205K	$202K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1241	+0.149%	$18.1M	$24.2M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1242	+0.214%	$6.0M	$26.8M	50x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1242	+0.222%	$5.8M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1241	+0.173%	—	$6.4M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1240	+0.084%	$111K	$221K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1240	+0.041%	$4K	$1.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1241	+0.141%	$43K	$684K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1240	+0.060%	$191	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1240	+0.068%	$168K	$264K	50x	as long as short
Reya OPRUSDPERPlong	+0.0448%	1h	0.1239	long leg	$689	—	20x