OP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0691%/8h= −75.6% APRnext payment −$0.86 per $10,000 · paid last 24h −0.201%

Price spread now: GMX against Reya+0.127%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 GMX

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. GMX is 0.127% dearer against Reya than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$21 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	0.1259	0.0445	pay 0.0056% / 1h	12m 45s	$700	—	20x
Short	GMX OP/USD [OP-USDC]	0.1261	L −0.1164% / S +0.0246%	pay 0.0031% / 1h	12m 45s	$13K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$145.06
Price spread: +0.127% → 0.000%: $12.69
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$150.37
Costs to cover: 0.180%
Break-even: never at this rate

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

Reya and GMX: 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	−0.1328%	1h	0.1257	−0.177%	$35K	$67K	12x	as long as short
GMX OP/USD [OP-USDC]short	L −0.1164% / S +0.0246%	1h	0.1261	+0.127%	$13K	—	100x
Deribit OP_USDC-PERPETUAL	−0.0543%	1h	0.1260	+0.061%	$31K	$153K	25x	as long as short
Orderly PERP_OP_USDC	−0.0049%	8h	0.1260	+0.061%	$12K	$233K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1261	+0.120%	$39K	$522	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1261	+0.130%	—	—	150x	as long as short
KuCoin OPUSDTM	+0.0007%	8h	0.1261	+0.140%	$2.9M	$6.1M	75x	as long as short
Variational Omni OP	+0.0073%	8h	0.1263	+0.328%	$224K	$47K	—	as long as short
Lighter OP	+0.0096%	1h	0.1263	+0.267%	$292K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1262	+0.252%	$3.5M	$3.7M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1262	+0.242%	$203K	$211K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1262	+0.232%	$19.4M	$68.4M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1261	+0.172%	$18.4M	$26.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1262	+0.220%	$6.0M	$29.6M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1263	+0.307%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1262	+0.244%	$22.4M	$7.8M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1262	+0.220%	$5.8M	$6.9M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1263	+0.299%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1262	+0.180%	$112K	$216K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1262	+0.184%	$4K	$1.1M	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1260	+0.082%	$306K	$5.4M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1263	+0.299%	$44K	$690K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1260	+0.061%	$195	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1260	+0.101%	$172K	$266K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1261	+0.170%	$104K	$590K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1260	+0.026%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTX	+0.0112%	1h	0.1260	+0.061%	$25K	$70K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0153%	1h	0.1262	+0.236%	$747K	$736K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1260	+0.101%	$979K	$327K	75x	as long as short
Reya OPRUSDPERPlong	+0.0445%	1h	0.1259	long leg	$700	—	20x