S

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1574%/8h= −172.4% APRnext payment −$1.97 per $10,000 · paid last 24h −0.449%

Price spread now: Kraken Futures against Reya−0.132%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Kraken Futures

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

Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Kraken Futures is 0.132% cheaper against Reya than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SRUSDPERP	0.04106	−0.0101	get 0.0013% / 1h	3m 16s	$4	—	15x
Short	Kraken Futures PF_SUSD	0.04101	−0.1675	pay 0.0209% / 1h	3m 16s	$34K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$330.57
Price spread: −0.132% → 0.000%: −$13.2
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$359.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—

Reya and Kraken Futures: 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	−1.1592%	1h	0.03960	−3.563%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSDshort	−0.1675%	1h	0.04101	−0.132%	$34K	$13K	10x
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.053%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04109	+0.076%	$1K	—	100x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.04106	long leg	$4	—	15x
Variational Omni S	−0.0073%	4h	0.04105	−0.027%	$637K	$31K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04110	+0.085%	$3K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.153%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04107	+0.017%	$102K	$316K	10x	as long as short
Lighter S	+0.0096%	1h	0.04112	+0.139%	$172K	$158K	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	0.04110	+0.085%	$1.0M	$557K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04106	+0.004%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04108	+0.042%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04101	−0.129%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04107	+0.017%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04103	−0.080%	$337K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04106	−0.007%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04105	−0.031%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04107	+0.017%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04107	+0.017%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04100	−0.153%	$25K	$452K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04105	−0.032%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04106	−0.007%	$285K	$101K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0723%	1h	0.04113	+0.163%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1533%	1h	0.04120	+0.334%	$122K	$377K	5x	as long as short