Funding you earn now, next payment 04:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h −0.035%
Price spread now: Reya against Nado+0.007%7-day average −0.042% · 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)−0.017%−$2 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.007%, 7d avg −0.042%
=Together, before fees−0.039%+ Points / potential airdropNado: Active · Reya: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.049% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado BTC-PERP | 85,475.4 | 0.0016 | pay 0.0002% / 1h | 12m 24s | $25.1M | $222.0M | 50x |
| Short | Reya BTCRUSDPERP | 85,481.5 | 0.0085 | get 0.0011% / 1h | 12m 24s | $6.7M | $146.8M | 40x |
Nado BTC-PERP
Reya BTCRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Nado. 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
- $14.46
- Price spread: +0.007% → −0.042%
- $4.9
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $6.35
- Costs to cover
- 0.130%
- Break-even
- 3.9 days
Slippage unknown: Nado: live order book, 2 min ago; Reya: 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 Nado live order book, 2 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.6 bp −$455 | 10.3 bp −$5,168 |
| Sell Reya no order-book sample | — | — | — | — | — |
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.
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0179% | 1h | 85,466 | −0.011% | $2.1M | $10.3M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0122% | 1h | 85,535.4 | +0.070% | $207K | $739K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,505 | +0.035% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,483.6 | +0.010% | $365K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0028% | 8h | 85,455.6 | −0.023% | $919.3M | $752.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0021% | 8h | 85,487.8 | +0.015% | $417.2M | $668.9M | 150x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,502.4 | +0.032% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0011% | 8h | 85,476.2 | +0.001% | $515.2M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0012% | 1h | 85,459.5 | −0.019% | $16.7M | $21.2M | 50x | as long as short |
| Nado BTC-PERPlong | +0.0016% | 1h | 85,475.4 | long leg | $25.1M | $222.0M | 50x |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
BloFin BTC-USDT
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BTC-USD | +0.0021% | 1h | 85,463 | −0.014% | $4.6M | $97.8M | 40x | as long as short |
| BingX BTC-USDT | +0.0062% | 8h | 85,494.9 | +0.023% | — | $1.54B | — | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,482.6 | +0.008% | $147.8M | $488.3M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,496.3 | +0.025% | $2.95B | $5.08B | 150x | as long as short |
| Reya BTCRUSDPERPshort | +0.0085% | 1h | 85,481.5 | +0.007% | $6.7M | $146.8M | 40x | |
| Lighter BTC | +0.0096% | 1h | 85,492.1 | +0.020% | $172.4M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,493 | +0.021% | $23.9M | $149.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,479 | +0.004% | $8.4M | $53.2M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,485.5 | +0.012% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0099% | 8h | 85,487.7 | +0.014% | $5.07B | $5.65B | 500x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,451 | −0.028% | $210K | $8.1M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,494.8 | +0.023% | $9.36B | $24.17B | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,537.9 | +0.073% | $5.1M | $9.1M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,565 | +0.105% | $3.75B | $4.99B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,511.8 | +0.043% | $40.1M | $579.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,491.5 | +0.019% | $5.20B | $9.80B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,500 | +0.029% | $2.58B | $12.14B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,491 | +0.018% | $3.9M | $18.3M | 25x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,445.9 | −0.034% | $666.8M | $675.6M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,492.9 | +0.021% | $5.51B | $10.75B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,476.9 | +0.002% | $35.0M | $177.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,420.9 | −0.064% | $153.3M | $564.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,431 | −0.052% | $279.1M | $923.0M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,456.5 | −0.022% | $214.5M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,469.4 | −0.007% | $139.7M | $314.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,474.3 | −0.001% | $30.2M | $208.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,532.9 | +0.067% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,477 | +0.002% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,487.9 | +0.015% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,495.8 | +0.024% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,481.5 | +0.007% | $30.0M | $50.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,467.6 | −0.009% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,489 | +0.016% | $59.9M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,478.8 | +0.004% | $2.26B | $942.8M | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0104% | 1h | 85,531.8 | +0.066% | $890.7M | $1.58B | 50x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,451.8 | −0.028% | $44.6M | $231.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,500.1 | +0.029% | — | $107.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,524.3 | +0.057% | $117.2M | $5.20B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,442 | −0.039% | $339K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,509.3 | +0.040% | $187.4M | $955.0M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0152% | 1h | 85,496 | +0.024% | $13.3M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,503.9 | +0.033% | $8.3M | $42.5M | 25x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,520 | +0.052% | $10.4M | $756.0M | 6.4x | as long as short |
| Aftermath Perps BTCUSD | +0.0219% | 1h | 85,492.3 | +0.020% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,526.5 | +0.060% | $702K | $7.9M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,493.1 | +0.021% | $495K | $18.8M | 6.7x | as long as short |
Arcus BTC-USD
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
MEXC BTC_USDT
Katana Perps BTC-USD
Binance BTCUSDT
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Deribit BTC-PERPETUAL
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Kalshi KXBTCPERP
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC