VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.171%

Price spread now: Kraken Futures against Reya+0.062%72s7-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 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.062% dearer against Reya than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya VIRTUALRUSDPERP	0.7109	−0.0139	get 0.0017% / 1h	28m 06s	$24	—	10x
Short	Kraken Futures PF_VIRTUALUSD	0.7114	−0.0005	pay 0.0001% / 1h	28m 06s	$520K	$763K	50x

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 +0.062%Rate

Funding earned: $28.16
Price spread: +0.062% → 0.000%: $6.17
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $18.34
Costs to cover: 0.160%
Break-even: 2.4 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 15 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 Kraken Futures live order book, 15 min ago	4.90 bp	18.0 bp −$18	49.0 bp −$490	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.

VIRTUAL on 33 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
Reya VIRTUALRUSDPERPlong	−0.0139%	1h	0.7109	long leg	$24	—	10x
01 Exchange VIRTUALUSD	−0.0112%	1h	0.7104	−0.072%	$2K	$106	10x	as long as short
Lighter VIRTUAL	−0.0104%	1h	0.7105	−0.062%	$323K	$402K	5x	as long as short
Phoenix VIRTUAL	−0.0101%	1h	0.7105	−0.062%	$11K	$36K	5x	as long as short
Bybit VIRTUALUSDT	−0.0082%	4h	0.7113	+0.054%	$16.2M	$19.0M	50x	as long as short
Variational Omni VIRTUAL	−0.0030%	4h	0.7098	−0.160%	$527K	$908K	—	as long as short
Kraken Futures PF_VIRTUALUSDshort	−0.0005%	1h	0.7114	+0.062%	$520K	$763K	50x
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7111	+0.026%	$15K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7113	+0.060%	$14K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.111%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0072%	4h	0.7111	+0.026%	$15K	$1.6M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7118	+0.125%	$92K	$302K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7109	+0.003%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7116	+0.097%	$16.0M	$42.3M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7119	+0.139%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7110	+0.012%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7110	+0.012%	$15.9M	$5.2M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7112	+0.040%	$3.0M	$4.4M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7118	+0.125%	$6.0M	$5.9M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7112	+0.040%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7115	+0.082%	$235K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7102	−0.099%	$19K	$262K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7104	−0.071%	$633K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7104	−0.072%	$40K	$236K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7106	−0.048%	$47K	$1.0M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7112	+0.040%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7109	+0.005%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7110	+0.013%	$55K	$270K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7109	−0.005%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0142%	1h	0.7123	+0.196%	$8.7M	$4.0M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7111	+0.027%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7111	+0.026%	$783K	$993K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0440%	1h	0.7144	+0.490%	$199K	$101K	50x	as long as short