Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.059%

Price spread now: Reya against MEXC+0.008%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.04021	0.0100	pay 0.0050% / 4h	58m 24s	$4.0M	$1.8M	200x
Short	Reya SRUSDPERP	0.04021	−0.0101	pay 0.0013% / 1h	58m 24s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now +0.008%Rate

Funding earned: −$42.25
Price spread: +0.008% → 0.000%: $0.82
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: −$51.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	2.48 bp	4.5 bp −$5	60.1 bp −$601	266.9 bp −$26.7K	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.

S on 25 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
01 Exchange SUSD	−0.5800%	1h	0.03940	−2.014%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1964%	1h	0.04022	+0.034%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1064%	1h	0.03961	−1.492%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04029	+0.199%	$1K	—	100x	as long as short
Reya SRUSDPERPshort	−0.0101%	1h	0.04021	+0.008%	$4	—	15x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04028	+0.173%	$621	—	150x	as long as short
Variational Omni S	+0.0027%	4h	0.04018	−0.067%	$625K	$19K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.965%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0085%	4h	0.04029	+0.199%	$100K	$582K	10x	as long as short
Lighter S	+0.0096%	1h	0.04024	+0.075%	$172K	$137K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04023	+0.050%	$1.0M	$579K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04028	+0.173%	$47K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04028	+0.173%	$5.7M	$13.5M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04024	+0.075%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04027	+0.149%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04024	+0.075%	$327K	$174K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.04021	long leg	$4.0M	$1.8M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04017	−0.099%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04027	+0.149%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04023	+0.050%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04030	+0.224%	$23K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04026	+0.121%	$226K	$891K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04027	+0.149%	$278K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0495%	1h	0.04032	+0.274%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1267%	1h	0.04030	+0.224%	$117K	$426K	5x	as long as short