OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0344%/8h= +37.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.100%

Price spread now: Reya against SoDEX−0.024%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Reya is 0.024% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX OP-USD	0.1243	0.0100	pay 0.0013% / 1h	22m 37s	$210	$6K	5x
Short	Reya OPRUSDPERP	0.1243	0.0444	get 0.0056% / 1h	22m 37s	$691	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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 SoDEXbpFee ReyabpOrdersPrice spread, now −0.024%Rate

Funding earned: $72.3
Price spread: −0.024% → 0.000%: −$2.4
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $55.9
Costs to cover: 0.140%
Break-even: 1.6 days

Slippage unknown: SoDEX: no order-book sample; Reya: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

SoDEX and 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	−0.1660%	1h	0.1235	−0.636%	$34K	$63K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1164% / S +0.0246%	1h	0.1244	+0.050%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0055%	8h	0.1243	+0.008%	$12K	$236K	10x	as long as short
dYdX OP-USD	0.0000%	1h	0.1244	+0.069%	$38K	$522	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1243	+0.008%	$32K	$164K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1243	+0.023%	—	—	150x	as long as short
Variational Omni OP	+0.0048%	8h	0.1240	−0.216%	$220K	$47K	—	as long as short
KuCoin OPUSDTM	+0.0069%	8h	0.1243	+0.008%	$2.8M	$6.1M	75x	as long as short
Coinbase International OP-PERP-INTX	+0.0080%	1h	0.1242	−0.072%	$24K	$65K	50x	as long as short
Lighter OP	+0.0096%	1h	0.1245	+0.153%	$287K	$1.1M	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1245	+0.177%	$3.5M	$3.6M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1244	+0.121%	$204K	$210K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1244	+0.101%	$19.6M	$67.6M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1243	+0.008%	$18.1M	$26.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1243	+0.024%	$6.0M	$29.4M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1245	+0.137%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1244	+0.089%	$22.1M	$7.8M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1243	+0.008%	$5.6M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1243	+0.008%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1243	+0.040%	$114K	$221K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1241	−0.161%	$4K	$1.1M	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1240	−0.235%	$303K	$5.4M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1241	−0.153%	$43K	$697K	50x	as long as short
SoDEX OP-USDlong	+0.0100%	1h	0.1243	long leg	$210	$6K	5x
HTX OP-USDT	+0.0100%	8h	0.1244	+0.048%	$165K	$259K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1244	+0.058%	$99K	$605K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1243	+0.006%	$3K	$1K	3x	as long as short
Kraken Futures PF_OPUSD	+0.0166%	1h	0.1244	+0.052%	$737K	$677K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1243	+0.040%	$997K	$321K	75x	as long as short
Reya OPRUSDPERPshort	+0.0444%	1h	0.1243	−0.024%	$691	—	20x