Funding you earn now, next payment 22:00 UTC+0.0107%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h −0.014%
Price spread now: Deribit against Reya+0.177%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.177% dearer against Reya than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SRUSDPERP | 0.03901 | −0.0101 | get 0.0013% / 1h | 30m 03s | $4 | — | 15x |
| Short | Deribit S_USDC-PERPETUAL | 0.03908 | 0.0006 | get 0.0001% / 1h | 30m 03s | $66K | $10K | 10x |
Reya SRUSDPERP
Deribit S_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.51
- Price spread: +0.177% → 0.000%
- $17.7
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $27.21
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Deribit: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Reya and Deribit: 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 | −0.1463% | 1h | 0.03900 | −0.019% | $33K | $32K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −1.925% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.1055% | 4h | 0.03895 | −0.148% | $606K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0189% / S +0.0183% | 1h | 0.03906 | +0.115% | $1K | — | 100x | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.03901 | long leg | $4 | — | 15x | |
| Aster SUSDT | −0.0018% | 4h | 0.03904 | +0.078% | $43K | $212K | 10x | as long as short |
| Orderly PERP_S_USDC | −0.0016% | 4h | 0.03902 | +0.023% | $101K | $338K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03905 | +0.090% | $602 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUALshort | +0.0006% | 1h | 0.03908 | +0.177% | $66K | $10K | 10x | |
| 01 Exchange SUSD | +0.0008% | 1h | 0.03900 | −0.028% | $24K | $3K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Aster SUSDT
Orderly PERP_S_USDC
gTrade (Gains Network) S/USD
01 Exchange SUSDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +5.099% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03905 | +0.100% | $164K | $240K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03901 | +0.008% | $984K | $911K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03902 | +0.013% | $5.3M | $23.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03896 | −0.131% | $5.6M | $6.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03900 | −0.028% | $971K | $7.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03896 | −0.131% | $319K | $292K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03901 | −0.002% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03899 | −0.054% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03903 | +0.049% | $1.2M | $3.0M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03901 | −0.002% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | +0.228% | $19K | $470K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03900 | −0.021% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03899 | −0.054% | $268K | $177K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0490% | 1h | 0.03910 | +0.228% | $114K | $288K | 5x | as long as short |
Injective S/USDC PERP
Lighter S
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP