S

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.033%

Price spread now: GMX against Reya+0.150%7-day average — · you sell dearer than you buy

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

Long on Reya Short on GMX

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

The price spread pays, funding is against you. GMX is 0.150% dearer against Reya than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SRUSDPERP	0.03999	−0.0101	get 0.0013% / 1h	56m 25s	$4	—	15x
Short	GMX S/USD [WBTC.b-USDC]	0.04005	L −0.0206% / S +0.0198%	pay 0.0025% / 1h	56m 25s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$20.33
Price spread: +0.150% → 0.000%: $15
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$23.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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	−0.2252%	1h	0.03956	−1.069%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03928	−1.778%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0206% / S +0.0198%	1h	0.04005	+0.150%	$1K	—	100x
Reya SRUSDPERPlong	−0.0101%	1h	0.03999	long leg	$4	—	15x
Variational Omni S	−0.0043%	4h	0.03942	−1.420%	$612K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04006	+0.173%	$617	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.523%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0073%	4h	0.03961	−0.953%	$98K	$271K	10x	as long as short
Lighter S	+0.0096%	1h	0.04001	+0.047%	$168K	$155K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03999	−0.013%	$1.0M	$596K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.03999	0.000%	$44K	$139K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04008	+0.223%	$5.5M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03997	−0.053%	$5.7M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04000	+0.022%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03995	−0.103%	$326K	$188K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03999	−0.003%	$3.7M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04000	+0.022%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04003	+0.097%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04006	+0.173%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−1.478%	$24K	$461K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03997	−0.042%	$225K	$1.1M	10x	as long as short
01 Exchange SUSD	+0.0208%	1h	0.03970	−0.728%	$25K	$2K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03949	−1.253%	$269K	$99K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1012%	1h	0.03968	−0.778%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2167%	1h	0.03970	−0.728%	$115K	$424K	5x	as long as short