Funding you earn now, next payment 21:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.008%
Price spread now: StandX against Reya+0.006%7-day average +0.031% · 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)−0.004%$0 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now +0.006%, 7d avg +0.031%
=Together, before fees+0.048%+ Points / potential airdropReya: Active · StandX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and StandX is 0.025% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya BTCRUSDPERP | 86,234.8 | 0.0120 | pay 0.0015% / 1h | 8m 34s | $7.1M | $111.1M | 40x |
| Short | StandX BTC-USD | 86,240 | 0.0039 | get 0.0005% / 1h | 8m 34s | $29.8M | $232.4M | 40x |
Reya BTCRUSDPERP
StandX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$17.11
- Price spread: +0.006% → +0.031%
- −$2.52
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$33.63
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; StandX: 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 StandX live order book, 4 min ago | 0.06 bp | 7.0 bp −$7 | 7.9 bp −$79 | 9.7 bp −$971 | 11.5 bp −$5,764 |
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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0708% | 1h | 86,308 | +0.085% | $143K | $522K | 40x | as long as short |
| Phoenix BTC | −0.0163% | 1h | 86,232 | −0.003% | $2.5M | $5.1M | 40x | as long as short |
| BloFin BTC-USDT | −0.0160% | 8h | 86,218.7 | −0.019% | $423.1M | $339.8M | 150x | as long as short |
| Perpl BTC | −0.0112% | 43m | 86,255.3 | +0.024% | $602K | $11.7M | 6.7x | as long as short |
| dYdX BTC-USD | −0.0103% | 1h | 86,277.2 | +0.049% | $17.0M | $7.5M | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0097% | 1h | 86,301 | +0.077% | $311K | $28.6M | 52x | as long as short |
| KuCoin XBTUSDTM | −0.0093% | 8h | 86,269.1 | +0.040% | $985.9M | $543.8M | 125x | as long as short |
| ApeX Omni BTCUSDT | −0.0085% | 1h | 86,230.1 | −0.005% | $140.4M | $270.6M | 100x | as long as short |
| Aster BTCUSDT | −0.0085% | 8h | 86,242.3 | +0.009% | $506.6M | $418.3M | 200x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,237 | +0.003% | $8K | $440 | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
BloFin BTC-USDT
Perpl BTC
dYdX BTC-USD
Injective BTC/USDC PERP
KuCoin XBTUSDTM
ApeX Omni BTCUSDT
Aster BTCUSDT
Hotstuff BTC-PERPShow all 56 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | −0.0069% | 1h | 86,288.2 | +0.062% | $198.3M | $505.8M | 100x | as long as short |
| Phemex BTCUSDT | −0.0051% | 8h | 86,237.6 | +0.003% | $182.4M | $432.8M | 150x | as long as short |
| Bulk BTC-USD | −0.0043% | 1h | 86,275.8 | +0.048% | $723.3M | $20.8M | 40x | as long as short |
| MEXC BTC_USDT | −0.0040% | 8h | 86,245.3 | +0.012% | $5.34B | $3.74B | 500x | as long as short |
| Aevo BTC-PERP | −0.0040% | 1h | 86,263 | +0.033% | $2.4M | $7.2M | 20x | as long as short |
| Binance BTCUSDT | −0.0040% | 8h | 86,250 | +0.018% | $9.23B | $14.90B | 150x | as long as short |
| BingX BTC-USDC | −0.0039% | 8h | 86,254.7 | +0.023% | — | $14.6M | — | as long as short |
| SoDEX BTC-USD | −0.0038% | 1h | 86,244 | +0.011% | $65.7M | $58.2M | 40x | as long as short |
| Bitget BTCUSDT | −0.0030% | 8h | 86,245.2 | +0.012% | $2.97B | $2.93B | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0024% | 1h | 86,282.2 | +0.055% | $371K | $1.3M | 50x | as long as short |
| Variational Omni BTC | −0.0009% | 8h | 86,213.1 | −0.025% | $161.5M | $361.1M | — | as long as short |
| OKX BTC-USDT-SWAP | −0.0002% | 8h | 86,237.1 | +0.003% | $2.63B | $6.68B | 100x | as long as short |
| Kalshi KXBTCPERP | 0.0000% | 8h | 86,302 | +0.078% | $14.0M | $679.8M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,303.5 | +0.080% | $846.2M | $1.20B | 50x | as long as short |
| HTX BTC-USDT | +0.0002% | 8h | 86,212.9 | −0.025% | $2.27B | $449.8M | 200x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,288 | +0.062% | $37.1M | — | 200x | as long as short |
| Arcus BTC-USD | +0.0007% | 1h | 86,239.8 | +0.006% | $4.8M | $85.3M | 40x | as long as short |
| GRVT BTC_USDT_Perp | +0.0011% | 8h | 86,222.4 | −0.014% | $216.8M | $129.3M | 50x | as long as short |
| Extended BTC-USD | +0.0024% | 1h | 86,245.7 | +0.013% | $49.3M | $120.6M | 50x | as long as short |
| Gate BTC_USDT | +0.0025% | 8h | 86,252.2 | +0.020% | $5.45B | $6.90B | 200x | as long as short |
| RISEx BTC/USDC | +0.0025% | 1h | 86,286.5 | +0.060% | $9.4M | $29.7M | 25x | as long as short |
| Aftermath Perps BTCUSD | +0.0027% | 1h | 86,294.1 | +0.069% | $83K | $188K | 20x | as long as short |
| Bybit BTCUSDT | +0.0031% | 8h | 86,241.5 | +0.008% | $5.25B | $6.30B | 150x | as long as short |
| Nado BTC-PERP | +0.0032% | 1h | 86,236.9 | +0.002% | $23.6M | $187.8M | 50x | as long as short |
| StandX BTC-USDshort | +0.0039% | 1h | 86,240 | +0.006% | $29.8M | $232.4M | 40x | |
| Polymarket Perps BTC-USD | +0.0040% | 1h | 86,244 | +0.011% | $11.0M | $9.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0048% | 1h | 86,246 | +0.013% | $9.0M | $32.9M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0053% | 8h | 86,260.9 | +0.030% | $2.6M | $7.7M | 100x | as long as short |
| Bullet BTC-USD | +0.0071% | 1h | 86,248.4 | +0.016% | $205K | $3.0M | 20x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,273.2 | +0.045% | $176.6M | $675.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,259.9 | +0.029% | $24.3M | $88.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,242 | +0.008% | $178K | $7.3M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,338.3 | +0.120% | $4.01B | $2.74B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,288.3 | +0.062% | $40.9M | $530.2M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,272 | +0.043% | $3.8M | $12.6M | 25x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,257.7 | +0.027% | $36.9M | $170.8M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,240.8 | +0.007% | $288.4M | $581.8M | 100x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,299.2 | +0.075% | — | $9.2M | 50x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,323.2 | +0.103% | $28.9M | $32.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,244.5 | +0.011% | $2.9M | $6.8M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,302.8 | +0.079% | $5.9M | $5.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,280.3 | +0.053% | — | $54.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,310 | +0.087% | $109.9M | $5.16B | 50x | as long as short |
| Reya BTCRUSDPERPlong | +0.0120% | 1h | 86,234.8 | long leg | $7.1M | $111.1M | 40x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0156% | 1h | 86,289.9 | +0.064% | $17.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0352% | 1h | 86,294.3 | +0.069% | $840K | $6.1M | 30x | as long as short |
Kraken Futures PF_XBTUSD
Phemex BTCUSDT
Bulk BTC-USD
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
BingX BTC-USDC
SoDEX BTC-USD
Bitget BTCUSDT
01 Exchange BTCUSD
Variational Omni BTC
OKX BTC-USDT-SWAP
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
HTX BTC-USDT
gTrade (Gains Network) BTC/USD
Arcus BTC-USD
GRVT BTC_USDT_Perp
Extended BTC-USD
Gate BTC_USDT
RISEx BTC/USDC
Aftermath Perps BTCUSD
Bybit BTCUSDT
Nado BTC-PERP
Polymarket Perps BTC-USD
Popdex BTCUSDT
Orderly PERP_BTC_USDC
Bullet BTC-USD
Lighter BTC
Lighter RH BTC
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Ondo Perps BTC-USD.P
Backpack BTC_USDC_PERP
edgeX BTCUSDC
Vest BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Paradex BTC-USD-PERP
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P