Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0441%/8h= +48.3% APRpaid last 24h +0.121%

Price spread now: BloFin against Reya−0.129%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

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. BloFin is 0.129% cheaper against Reya than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 23 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SRUSDPERP	0.04111	−0.0101	get 0.0013% / 1h	34m 46s	$4	—	15x
Short	BloFin S-USDT	0.04106	0.0340	get 0.0170% / 4h	1h 34m	$281K	$105K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.129%Rate

Funding earned: $92.66
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $61.78
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 5 min ago. 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 BloFin live order book, 5 min ago	2.44 bp	20.8 bp −$21	52.4 bp −$524	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUSD	−1.1112%	1h	0.03950	−3.923%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1672%	1h	0.04109	−0.058%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.172%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0253%	4h	0.04099	−0.306%	$637K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04113	+0.034%	$1K	—	100x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.04111	long leg	$4	—	15x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04112	+0.026%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.275%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04111	−0.007%	$102K	$332K	10x	as long as short
Lighter S	+0.0096%	1h	0.04118	+0.163%	$172K	$156K	5x	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	0.04109	−0.044%	$1.0M	$554K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04116	+0.108%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04113	+0.044%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04102	−0.226%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04107	−0.104%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04109	−0.056%	$338K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04113	+0.042%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04111	−0.007%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04110	−0.031%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04111	−0.007%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04100	−0.275%	$25K	$447K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04114	+0.074%	$231K	$1.1M	10x	as long as short
BloFin S-USDTshort	+0.0340%	4h	0.04106	−0.129%	$281K	$105K	75x
Deribit S_USDC-PERPETUAL	+0.0966%	1h	0.04116	+0.115%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1600%	1h	0.04120	+0.212%	$121K	$363K	5x	as long as short