Settings8H · net · $10k
Funding arb · Price arb /

S

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.060%
Price spread now: ApeX Omni against Reya+0.447%63s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.447% dearer against Reya than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya SRUSDPERP0.03913−0.0101get 0.0013% / 1h30m 09s$415x
ShortApeX Omni SUSDT0.039300.0100get 0.0013% / 1h30m 09s$25K$464K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Funding earned
$42.26
Price spread: +0.447% → 0.000%
$44.7
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$70.96
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell ApeX Omni live order book, 52 min ago25.51 bp77.1 bp −$77doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1597%1h0.03913+0.011%$33K$26K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−2.211%$47K$5K25xas long as short
Variational Omni S−0.0847%4h0.03915+0.064%$609K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0195% / S +0.0189%1h0.03919+0.168%$1K100xas long as short
Reya SRUSDPERPlong−0.0101%1h0.03913long leg$415x
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03918+0.150%$604150xas long as short
Orderly PERP_S_USDC+0.0027%4h0.03917+0.115%$100K$345K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.792%$2K$37K12xas long as short
Aster SUSDT+0.0089%4h0.03918+0.138%$43K$212K10xas long as short
Lighter S+0.0096%1h0.03921+0.217%$164K$223K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03914+0.041%$982K$757K5xas long as short
Binance SUSDT+0.0100%4h0.03915+0.064%$5.3M$19.5M75xas long as short
Bybit SUSDT+0.0100%4h0.03909−0.090%$5.6M$5.7M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03914+0.038%$975K$6.0M20xas long as short
Gate S_USDT+0.0100%4h0.03920+0.191%$320K$265K50xas long as short
MEXC S_USDT+0.0100%4h0.03916+0.089%$3.6M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03913+0.012%$1.8M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.03919+0.166%$1.2M$2.7M50xas long as short
BingX S-USDT+0.0100%4h0.03915+0.064%$6.8Mas long as short
ApeX Omni SUSDTshort+0.0100%1h0.03930+0.447%$25K$464K50x
Extended S-USD+0.0104%1h0.03914+0.033%$221K$881K10xas long as short
01 Exchange SUSD+0.0136%1h0.03910−0.064%$24K$2K5xas long as short
Deribit S_USDC-PERPETUAL+0.0260%1h0.03921+0.217%$66K$10K10xas long as short
Backpack S_USDC_PERP+0.0339%1h0.03920+0.191%$114K$300K5xas long as short
BloFin S-USDT+0.0340%4h0.03921+0.217%$267K$126K75xas long as short