OP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0670%/8h= −73.3% APRnext payment −$0.84 per $10,000 · paid last 24h −0.194%

Price spread now: GMX against Reya+0.080%7-day average — · you sell dearer than you buy

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

Long on Reya Short on GMX

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

The price spread pays, funding is against you. GMX is 0.080% dearer against Reya than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1261	0.0440	pay 0.0055% / 1h	4m 08s	$701	—	20x
Short	GMX OP/USD [OP-USDC]	0.1262	L −0.1065% / S +0.0229%	pay 0.0029% / 1h	4m 08s	$13K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$140.63
Price spread: +0.080% → 0.000%: $7.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$150.67
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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	−0.1488%	1h	0.1256	−0.412%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]short	L −0.1065% / S +0.0229%	1h	0.1262	+0.080%	$13K	—	100x
dYdX OP-USD	0.0000%	1h	0.1264	+0.202%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1262	+0.064%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1263	+0.118%	—	—	150x	as long as short
OKX OP-USDT-SWAP	+0.0030%	8h	0.1263	+0.103%	$6.2M	$29.0M	50x	as long as short
Variational Omni OP	+0.0050%	8h	0.1260	−0.134%	$223K	$49K	—	as long as short
Orderly PERP_OP_USDC	+0.0053%	8h	0.1261	−0.016%	$6K	$44K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1263	+0.143%	$279K	$936K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1263	+0.183%	$3.7M	$3.0M	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	0.1262	+0.042%	$211K	$219K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1262	+0.064%	$20.4M	$60.8M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1261	+0.008%	$18.5M	$25.3M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1262	+0.095%	$2.0M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1262	+0.056%	$20.9M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1261	−0.016%	$2.9M	$6.7M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1262	+0.064%	$5.9M	$6.5M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1263	+0.143%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1262	+0.040%	$120K	$194K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1265	+0.269%	$4K	$390K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1266	+0.381%	$310K	$4.8M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1267	+0.460%	$43K	$706K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1262	+0.040%	$183	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1262	+0.048%	$174K	$216K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1261	−0.021%	$106K	$389K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1262	+0.024%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTX	+0.0152%	1h	0.1278	+1.332%	$25K	$71K	50x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1262	+0.088%	$1.0M	$278K	75x	as long as short
Reya OPRUSDPERPlong	+0.0440%	1h	0.1261	long leg	$701	—	20x
Kraken Futures PF_OPUSD	+0.0491%	1h	0.1262	+0.099%	$795K	$574K	20x	as long as short