Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 281.17 | −0.1392 | get 0.0174% / 1h | 55m 13s | $86K | $86K | 15x | Long Reya | |
| SHORT | 282.03 | +0.0048 | get 0.0006% / 1h | 55m 13s | $423K | $359K | 20x | Short Popdex |
Price gap+0.305%
Funding gap+0.1440% /8h
Both sides work: funding pays +$43 a day on $10k, and the gap is 0.072% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$72+0.1440% /8h now · paid +0.725% over the last 7D
Price+$7spread +0.305% now, avg +0.233% → +0.072% if it goes back
Costsno datano order book for Reya
Result, before costs+$80+0.80%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.725% in total, about +0.0345%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.305%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hGOOGL on 43 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for Reya: its slippage is not counted.
- Note: Margin at max leverage$667 + $500Reya 15x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$43.20Long Reya: 24 payments, +$41.76; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.305% vs +0.233%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$86K vs $423K OIReya sets your exit cost. Check its book before closing.
- OK: Points on a legReya pointsVolume here counts toward the points program.
- OK: No KYC on either legReya No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0345%/8h × 21 periods+$72.49
Price spread+0.305% → +0.233% (7d avg)+$7.20
Slippage, 4 ordersno data for Reya—
Fee Reya bp × 2 orders−$6.00
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k+$67.29
Costs to cover0.124%Break-even0.5 days
Slippage: Reya: no order-book sample; Popdex: live order book, 32 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGReya—————
SELL · SHORTPopdex0.534.5 bp−$57.6 bp−$76doesn’t fitdoesn’t fit
Closing costs about the same again.
Reya: no data.
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| 10-29 10:10 | Reya | Other | $GOOGL moved -10% overnight. With the US market closed, anyone with a view has no way to act on it until 9:30 ET. RWAs 24/7 on Reya. As the price moves, not when the exchange opens. @reya_xyz on X ↗ |
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Kalshi
MEXC