OP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.020%

Price spread now: Reya against Kraken Futures−0.161%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.161% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_OPUSD	0.1259	0.0350	pay 0.0044% / 1h	37m 02s	$785K	$571K	20x
Short	Reya OPRUSDPERP	0.1257	0.0441	get 0.0055% / 1h	37m 02s	$699	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.161%Rate

Funding earned: $19.09
Price spread: −0.161% → 0.000%: −$16.12
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$13.03
Costs to cover: 0.160%
Break-even: 11.8 days

Slippage unknown: Kraken Futures: live order book, 21 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 Kraken Futures live order book, 21 min ago	7.93 bp	24.0 bp −$24	180.1 bp −$1,801	doesn't fit	doesn't fit
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.

OP on 30 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
Injective OP/USDC PERP	−0.1607%	1h	0.1252	−0.537%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1258	−0.045%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1258	−0.087%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1258	−0.061%	$41K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1258	−0.054%	—	—	150x	as long as short
OKX OP-USDT-SWAP	+0.0036%	8h	0.1257	−0.124%	$6.1M	$28.7M	50x	as long as short
Variational Omni OP	+0.0048%	8h	0.1258	−0.075%	$222K	$49K	—	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1257	−0.140%	$6K	$45K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1258	−0.021%	$278K	$939K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1260	+0.058%	$3.7M	$2.8M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1258	−0.066%	$210K	$219K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1258	−0.061%	$20.3M	$60.7M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1257	−0.116%	$18.4M	$25.2M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1259	+0.019%	$2.0M	$1.4M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1258	−0.021%	$21.1M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1257	−0.140%	$2.9M	$6.6M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1257	−0.140%	$5.8M	$6.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1258	−0.100%	—	$6.3M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1257	−0.108%	$120K	$198K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1257	−0.138%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1260	+0.071%	$317K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1258	−0.061%	$43K	$710K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1258	−0.053%	$202	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1258	−0.053%	$173K	$232K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1257	−0.131%	$101K	$391K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1258	−0.062%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTX	+0.0168%	1h	0.1262	+0.257%	$24K	$70K	50x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1258	−0.053%	$1.0M	$277K	75x	as long as short
Kraken Futures PF_OPUSDlong	+0.0350%	1h	0.1259	long leg	$785K	$571K	20x
Reya OPRUSDPERPshort	+0.0441%	1h	0.1257	−0.161%	$699	—	20x