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: Injective against Reya+4.112%52s7-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 Injective

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 4.112% dearer against Reya than usual: you sell high and buy low: +$411 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Reya SRUSDPERP	0.03938	−0.0101	get 0.0013% / 1h	38m 29s	$4	—	15x
Short	Injective S/USDC PERP	0.04100	0.0033	get 0.0004% / 1h	38m 29s	$2K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.112%Rate

Funding earned: $28.26
Price spread: +4.112% → 0.000%: $411.25
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $433.49
Costs to cover: 0.060%
Break-even: from the start

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

Reya and Injective: 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	−0.1588%	1h	0.03937	−0.038%	$33K	$26K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.845%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0886%	4h	0.03930	−0.203%	$611K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0195% / S +0.0188%	1h	0.03941	+0.088%	$1K	—	100x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.03938	long leg	$4	—	15x
01 Exchange SUSD	−0.0008%	1h	0.03940	+0.050%	$24K	$2K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03940	+0.061%	$607	—	150x	as long as short
Orderly PERP_S_USDC	+0.0024%	4h	0.03939	+0.024%	$100K	$347K	10x	as long as short
Injective S/USDC PERPshort	+0.0033%	1h	0.04100	+4.112%	$2K	$37K	12x
Aster SUSDT	+0.0064%	4h	0.03939	+0.031%	$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
Lighter S	+0.0096%	1h	0.03942	+0.100%	$165K	$222K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03940	+0.042%	$989K	$756K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03940	+0.040%	$5.4M	$19.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03933	−0.128%	$5.6M	$5.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03937	−0.027%	$981K	$6.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03933	−0.128%	$321K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03940	+0.050%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03934	−0.103%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03937	−0.027%	$1.2M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03939	+0.024%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	+0.050%	$25K	$465K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03934	−0.114%	$221K	$881K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0257%	1h	0.03944	+0.151%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03930	−0.204%	$268K	$127K	75x	as long as short
Backpack S_USDC_PERP	+0.0342%	1h	0.03940	+0.050%	$115K	$300K	5x	as long as short