Funding you earn now, next payment 03:00 UTC−1.1539%/8h= −1263.5% APRnext payment −$14.42 per $10,000 · paid last 24h −2.158%
Price spread now: 01 Exchange against Reya−3.702%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$346 a day on $10k at the current rate, and 01 Exchange is 3.702% cheaper against Reya than usual: you would sell low and buy high (−$370 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 | 0.04091 | −0.0101 | get 0.0013% / 1h | 27m 01s | $4 | — | 15x |
| Short | 01 Exchange SUSD | 0.03940 | −1.1640 | pay 0.1455% / 1h | 27m 01s | $24K | $2K | 5x |
Reya SRUSDPERP
01 Exchange SUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2,423.14
- Price spread: −3.702% → 0.000%
- −$370.24
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$2,806.39
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
Reya and 01 Exchange: 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 SUSDshort | −1.1640% | 1h | 0.03940 | −3.702% | $24K | $2K | 5x | |
| Kraken Futures PF_SUSD | −0.1684% | 1h | 0.04080 | −0.270% | $34K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1456% | 1h | 0.04022 | −1.698% | $48K | $16K | 25x | as long as short |
| Variational Omni S | −0.0208% | 4h | 0.04122 | +0.737% | $639K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04087 | −0.100% | $1K | — | 100x | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.04091 | long leg | $4 | — | 15x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04090 | −0.037% | $2K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.208% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0068% | 4h | 0.04083 | −0.207% | $101K | $331K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04089 | −0.061% | $171K | $157K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04093 | +0.049% | $1.0M | $554K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04084 | −0.191% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04090 | −0.036% | $5.7M | $13.8M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04083 | −0.207% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04089 | −0.061% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04084 | −0.183% | $335K | $200K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04088 | −0.085% | $4.0M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04081 | −0.256% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04093 | +0.037% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04089 | −0.061% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04130 | +0.941% | $25K | $449K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04079 | −0.295% | $231K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04089 | −0.061% | $280K | $105K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0484% | 1h | 0.04088 | −0.085% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1624% | 1h | 0.04100 | +0.208% | $121K | $368K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP