Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.025%

Price spread now: OKX against Reya+0.010%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 OKX

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 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	Reya SRUSDPERP	0.03951	−0.0101	get 0.0013% / 1h	46m 49s	$4	—	15x
Short	OKX S-USDT-SWAP	0.03951	0.0100	get 0.0050% / 4h	2h 46m	$977K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $42.25
Price spread: +0.010% → 0.000%: $0.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $27.24
Costs to cover: 0.160%
Break-even: 2.5 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 min ago. 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 OKX live order book, 1 min ago	1.26 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit

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	−0.9200%	1h	0.03840	−2.800%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1843%	1h	0.03945	−0.131%	$32K	$14K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03929	−0.547%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03951	+0.017%	$1K	—	100x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.03951	long leg	$4	—	15x
Variational Omni S	−0.0089%	4h	0.03956	+0.144%	$614K	$29K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03951	+0.022%	$609	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.781%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03951	+0.010%	$98K	$397K	10x	as long as short
Lighter S	+0.0096%	1h	0.03954	+0.086%	$167K	$138K	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	0.03951	+0.010%	$994K	$588K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03951	+0.005%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03951	+0.010%	$5.5M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03944	−0.167%	$5.6M	$4.4M	50x	as long as short
OKX S-USDT-SWAPshort	+0.0100%	4h	0.03951	+0.010%	$977K	$3.7M	20x
Gate S_USDT	+0.0100%	4h	0.03948	−0.066%	$321K	$183K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03951	+0.010%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03947	−0.091%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03951	+0.010%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03950	−0.015%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.491%	$23K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03950	−0.023%	$222K	$595K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03953	+0.061%	$270K	$101K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0762%	1h	0.03956	+0.136%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2155%	1h	0.03960	+0.238%	$115K	$426K	5x	as long as short