Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.129%

Price spread now: Reya against BloFin0.000%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Reya

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04417	0.0340	pay 0.0170% / 4h	11m 11s	$318K	$236K	75x
Short	Reya SRUSDPERP	0.04417	−0.0101	pay 0.0013% / 1h	11m 11s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now 0.000%Rate

Funding earned: −$92.65
Price spread: 0.000% → 0.000%: $0.03
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$110.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 24 min ago; 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 BloFin live order book, 24 min ago	12.44 bp	23.3 bp −$23	74.0 bp −$740	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

S on 25 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
01 Exchange SUSD	−0.7208%	1h	0.04320	−2.196%	$26K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.3684%	1h	0.04421	+0.095%	$37K	$29K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1880%	1h	0.04346	−1.607%	$54K	$20K	25x	as long as short
Variational Omni S	−0.1219%	4h	0.04444	+0.617%	$713K	$53K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0254% / S +0.0167%	1h	0.04424	+0.165%	$2K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0188%	4h	0.04425	+0.181%	$109K	$625K	10x	as long as short
Reya SRUSDPERPshort	−0.0101%	1h	0.04417	0.000%	$4	—	15x
OKX S-USDT-SWAP	−0.0084%	4h	0.04416	−0.023%	$1.3M	$7.6M	20x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04432	+0.340%	$75K	$623	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04421	+0.080%	$682	—	150x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04600	+4.143%	$2K	$2	12x	as long as short
Lighter S	+0.0096%	1h	0.04430	+0.294%	$155K	$158K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04420	+0.075%	$1.1M	$1.1M	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04433	+0.353%	$47K	$189K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04424	+0.165%	$6.5M	$27.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04416	−0.023%	$6.2M	$7.0M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.04422	+0.113%	$373K	$409K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04427	+0.226%	$3.8M	$3.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04426	+0.204%	$2.1M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04428	+0.249%	$1.3M	$3.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04422	+0.113%	—	$7.1M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.04430	+0.294%	$100K	$428K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04440	+0.521%	$25K	$536K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04422	+0.106%	$251K	$1.3M	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04417	long leg	$318K	$236K	75x