Funding you earn now, next payment 09:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.059%
Price spread now: MEXC against Reya+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$6 a day on $10k at the current rate, and MEXC is 0.022% dearer against Reya than usual: you sell high and buy low: +$2 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 | 0.04262 | −0.0101 | get 0.0013% / 1h | 53m 30s | $4 | — | 15x |
| Short | MEXC S_USDT | 0.04263 | 0.0100 | get 0.0050% / 4h | 3h 53m | $4.4M | $2.2M | 200x |
Reya SRUSDPERP
MEXC S_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $42.25
- Price spread: +0.022% → 0.000%
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $34.41
- Costs to cover
- 0.100%
- Break-even
- 1.3 days
Slippage unknown: Reya: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 1.16 bp | 3.5 bp −$4 | 82.3 bp −$823 | 270.4 bp −$27.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.2648% | 1h | 0.04285 | +0.542% | $35K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1248% | 1h | 0.04267 | +0.115% | $52K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04278 | +0.362% | $2K | — | 100x | as long as short |
| Variational Omni S | −0.0116% | 4h | 0.04307 | +1.049% | $667K | $7K | — | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.04262 | long leg | $4 | — | 15x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04293 | +0.734% | $660 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −3.803% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0079% | 4h | 0.04285 | +0.538% | $106K | $616K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04296 | +0.796% | $184K | $99K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04264 | +0.043% | $1.1M | $702K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter S
Hyperliquid SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0100% | 4h | 0.04267 | +0.126% | $46K | $175K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04264 | +0.045% | $6.3M | $16.6M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04257 | −0.119% | $6.2M | $4.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04262 | −0.002% | $1.2M | $4.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04290 | +0.655% | $358K | $214K | 50x | as long as short |
| MEXC S_USDTshort | +0.0100% | 4h | 0.04263 | +0.022% | $4.4M | $2.2M | 200x | |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04258 | −0.096% | $2.0M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04266 | +0.092% | $1.3M | $2.6M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04280 | +0.420% | — | $6.9M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.04300 | +0.890% | $101K | $472K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04290 | +0.655% | $25K | $506K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04286 | +0.563% | $237K | $1.3M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04291 | +0.679% | $240K | $121K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0917% | 1h | 0.04291 | +0.679% | $72K | $10K | 10x | as long as short |
| 01 Exchange SUSD | +0.6584% | 1h | 0.04360 | +2.297% | $27K | $2K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
01 Exchange SUSD