S

Alert

Funding spread now, next payment 18:00 UTC+0.0370%/8h

next payment, per $10,000+$0.46paid, last 24h−0.022%paid, last 3 days−0.091%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.091% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SRUSDPERP	0.03838	−0.0101	get 0.0013% / 1h	12m 20s	$4	—	15x
Short	Deribit S_USDC-PERPETUAL	0.03854	0.0269	get 0.0034% / 1h	12m 20s	$65K	$11K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee DeribitbpOrdersRate

Funding earned: $77.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $64.8
Break-even: 1.2 days

Slippage unknown: Reya: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.411%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International S-PERP-INTX	−0.2080%	1h	$47K	$10K	25x	as long as short
Kraken Futures PF_SUSD	−0.1670%	1h	$33K	$43K	10x	as long as short
Variational Omni S	−0.0951%	4h	$601K	$120K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0276% / S +0.0259%	1h	$1K	—	100x	as long as short
Aster SUSDT	−0.0168%	4h	$41K	$258K	10x	as long as short
01 Exchange SUSD	−0.0112%	1h	$23K	$3K	5x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	$4	—	15x
Orderly PERP_S_USDC	−0.0092%	4h	$102K	$324K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$594	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$120K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	$162K	$309K	5x	as long as short
Hyperliquid S	+0.0100%	1h	$985K	$1.4M	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.2M	$38.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	$5.5M	$9.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	$964K	$11.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	$317K	$367K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.5M	$3.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.1M	$4.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$6.9M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	$113K	$236K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$20K	$493K	50x	as long as short
Extended S-USD	+0.0104%	1h	$216K	$944K	10x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0269%	1h	$65K	$11K	10x
BloFin S-USDT	+0.0340%	4h	$275K	$258K	75x	as long as short