S

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0135%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.040%

Price spread now: Reya against Injective−4.744%112s7-day average — · you buy dearer than you sell

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

Long on Injective 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Reya is 4.744% cheaper against Injective than usual: you would sell low and buy high (−$474 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective S/USDC PERP	0.04100	0.0033	pay 0.0004% / 1h	21m 29s	$2K	$37K	12x
Short	Reya SRUSDPERP	0.03906	−0.0101	pay 0.0013% / 1h	21m 29s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now −4.744%Rate

Funding earned: −$28.26
Price spread: −4.744% → 0.000%: −$474.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: −$508.66
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective 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.

S on 25 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
Kraken Futures PF_SUSD	−0.1600%	1h	0.03905	−4.749%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−6.683%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0835%	4h	0.03901	−4.866%	$607K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0196% / S +0.0190%	1h	0.03912	−4.583%	$1K	—	100x	as long as short
Reya SRUSDPERPshort	−0.0101%	1h	0.03906	−4.744%	$4	—	15x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03912	−4.584%	$603	—	150x	as long as short
Orderly PERP_S_USDC	+0.0029%	4h	0.03910	−4.634%	$100K	$345K	10x	as long as short
Injective S/USDC PERPlong	+0.0033%	1h	0.04100	long leg	$2K	$37K	12x
Lighter S	+0.0096%	1h	0.03914	−4.537%	$164K	$223K	5x	as long as short
Aster SUSDT	+0.0096%	4h	0.03911	−4.615%	$43K	$212K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03909	−4.668%	$981K	$716K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03907	−4.700%	$5.3M	$18.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03901	−4.854%	$5.6M	$5.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03905	−4.756%	$977K	$5.6M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03904	−4.780%	$319K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03909	−4.659%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03904	−4.780%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03913	−4.561%	$1.2M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03906	−4.732%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	−4.634%	$25K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03906	−4.738%	$219K	$881K	10x	as long as short
01 Exchange SUSD	+0.0120%	1h	0.03910	−4.634%	$24K	$2K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0261%	1h	0.03914	−4.537%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03906	−4.732%	$267K	$126K	75x	as long as short
Backpack S_USDC_PERP	+0.0459%	1h	0.03920	−4.390%	$114K	$301K	5x	as long as short