Funding you earn now, next payment 07:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h +0.031%
Price spread now: Polymarket Perps against Reya+0.051%59s7-day average +0.026% · 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)+0.019%+$2 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.051%, 7d avg +0.026%
=Together, before fees−0.022%+ Points / potential airdropReya: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.025% dearer against Reya than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.026%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. The two prices were read 59 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 BTCRUSDPERP | 85,462.8 | 0.0129 | pay 0.0016% / 1h | 24m 40s | $6.6M | $147.7M | 40x |
| Short | Polymarket Perps BTC-USD | 85,506 | 0.0100 | get 0.0013% / 1h | 24m 40s | $11.0M | $14.6M | 50x |
Reya BTCRUSDPERP
Polymarket Perps BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$6.16
- Price spread: +0.051% → +0.026%
- $2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$17.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 0.06 bp | 4.1 bp −$4 | 5.0 bp −$50 | 7.1 bp −$708 | 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.
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 | −0.0082% | 1h | 85,446 | −0.020% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,452 | −0.013% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0043% | 8h | 85,437.3 | −0.030% | $928.4M | $774.3M | 125x | as long as short |
| BloFin BTC-USDT | −0.0027% | 8h | 85,477 | +0.017% | $421.1M | $684.6M | 150x | as long as short |
| Aster BTCUSDT | −0.0009% | 8h | 85,440.9 | −0.026% | $513.2M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,452.6 | −0.012% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,523 | +0.070% | $491K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,470 | +0.008% | $16.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,477 | +0.017% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0040% | 1h | 85,468.9 | +0.007% | $24.4M | $222.6M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.252% | $338K | $26.8M | 52x | as long as short |
| Deribit BTC-PERPETUAL | +0.0069% | 1h | 85,511 | +0.056% | $862.0M | $1.64B | 50x | as long as short |
| BingX BTC-USDT | +0.0071% | 8h | 85,441.9 | −0.024% | — | $1.57B | — | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,469.4 | +0.008% | $2.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,484.7 | +0.026% | $186.4M | $960.5M | 100x | as long as short |
| Bitget BTCUSDT | +0.0090% | 8h | 85,439.8 | −0.027% | $2.97B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0092% | 8h | 85,439.3 | −0.027% | $5.02B | $5.76B | 500x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,439.6 | −0.027% | $9.43B | $24.99B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,457 | −0.007% | $170.1M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,454.6 | −0.010% | $23.5M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,439 | −0.028% | $8.4M | $56.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 85,437.1 | −0.030% | $5.15B | $9.99B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,421 | −0.049% | $243K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,489 | +0.031% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,525 | +0.073% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,473.5 | +0.013% | $40.0M | $602.6M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,445.2 | −0.021% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,448 | −0.017% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,437.4 | −0.030% | $5.2M | $98.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,445.9 | −0.020% | $5.55B | $11.03B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,455.7 | −0.008% | $37.1M | $178.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,436.8 | −0.030% | $154.6M | $558.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,386.4 | −0.089% | $279.8M | $950.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,423.4 | −0.046% | $214.5M | $163.9M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,436.7 | −0.031% | $139.7M | $313.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,414.7 | −0.056% | $30.1M | $203.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,552.4 | +0.105% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USDshort | +0.0100% | 1h | 85,506 | +0.051% | $11.0M | $14.6M | 50x | |
| Bullet BTC-USD | +0.0100% | 1h | 85,500 | +0.044% | $202K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,480.4 | +0.021% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,520.3 | +0.067% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214.5 | −0.290% | $29.9M | $47.0M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,506.7 | +0.051% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,471 | +0.010% | $59.8M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,479.1 | +0.019% | $2.26B | $968.7M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,498.9 | +0.042% | $152.9M | $510.7M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,269.9 | −0.226% | $683.1M | $415.1M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,418.3 | −0.052% | $44.9M | $240.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,481.9 | +0.022% | — | $106.8M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,505.6 | +0.050% | $115.2M | $5.49B | 50x | as long as short |
| Reya BTCRUSDPERPlong | +0.0129% | 1h | 85,462.8 | long leg | $6.6M | $147.7M | 40x | |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,499 | +0.042% | $11.8M | $741.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,469.4 | +0.008% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,441.9 | −0.024% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0232% | 1h | 85,492.1 | +0.034% | $685K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0247% | 1h | 85,377.9 | −0.099% | $79K | $230K | 20x | as long as short |
Injective BTC/USDC PERP
Deribit BTC-PERPETUAL
BingX BTC-USDT
Aevo BTC-PERP
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD