Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h −0.028%
Price spread now: Reya against Popdex−0.051%54s7-day average −0.040% · 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)−0.012%−$1 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.051%, 7d avg −0.040%
=Together, before fees+0.017%+ Points / potential airdropReya: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 54 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 | Popdex BTCUSDT | 85,528 | 0.0088 | pay 0.0011% / 1h | 20m 35s | $8.4M | $56.5M | 100x |
| Short | Reya BTCRUSDPERP | 85,484 | 0.0131 | get 0.0016% / 1h | 20m 35s | $6.6M | $147.7M | 40x |
Popdex BTCUSDT
Reya BTCRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Popdex. 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
- $8.94
- Price spread: −0.051% → −0.040%
- −$1.12
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$4.58
- Costs to cover
- 0.124%
- Break-even
- 10.6 days
Slippage unknown: Popdex: live order book, 4 min ago; Reya: 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 Popdex live order book, 4 min ago | 0.06 bp | 3.3 bp −$3 | 3.3 bp −$33 | 3.7 bp −$370 | 5.3 bp −$2,637 |
| Sell Reya no order-book sample | — | — | — | — | — |
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.
BTC on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0082% | 1h | 85,446 | −0.096% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,485 | −0.050% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0041% | 8h | 85,522.3 | −0.007% | $929.3M | $773.4M | 125x | as long as short |
| BloFin BTC-USDT | −0.0025% | 8h | 85,495.3 | −0.038% | $420.7M | $684.5M | 150x | as long as short |
| Aster BTCUSDT | −0.0006% | 8h | 85,520.6 | −0.009% | $513.7M | $1.09B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,539.1 | +0.013% | $353K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,511.6 | −0.019% | $490K | $18.5M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,517.7 | −0.012% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,512.3 | −0.018% | $36.6M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0039% | 1h | 85,479 | −0.057% | $24.4M | $222.6M | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0057% | 1h | 85,247 | −0.329% | $338K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0071% | 8h | 85,508 | −0.023% | — | $17.5M | — | as long as short |
| Popdex BTCUSDTlong | +0.0088% | 1h | 85,528 | long leg | $8.4M | $56.5M | 100x | |
| Kraken Futures PF_XBTUSD | +0.0089% | 1h | 85,503 | −0.029% | $186.2M | $960.1M | 100x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,534.4 | +0.007% | $2.97B | $5.17B | 150x | as long as short |
| MEXC BTC_USDT | +0.0094% | 8h | 85,525 | −0.004% | $5.03B | $5.77B | 500x | as long as short |
| Binance BTCUSDT | +0.0095% | 8h | 85,525 | −0.004% | $9.43B | $24.99B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,540.3 | +0.014% | $170.3M | $1.03B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,541.6 | +0.016% | $23.6M | $148.3M | 50x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,489.5 | −0.045% | $2.4M | $6.7M | 20x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 85,517.2 | −0.013% | $5.15B | $9.99B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,507 | −0.025% | $243K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,585.3 | +0.067% | $5.8M | $9.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,578 | +0.058% | $3.75B | $5.07B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,550.1 | +0.026% | $40.0M | $602.6M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,531.7 | +0.004% | $2.60B | $12.27B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,490 | −0.044% | $3.8M | $17.1M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,512 | −0.019% | $5.2M | $98.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,499.5 | −0.033% | $686.3M | $379.3M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,529.8 | +0.002% | $5.56B | $11.05B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,487.7 | −0.047% | $37.4M | $178.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,463.4 | −0.076% | $155.5M | $557.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,436.9 | −0.106% | $279.9M | $951.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,445.2 | −0.097% | $214.5M | $164.2M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,447.2 | −0.095% | $139.7M | $313.5M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,458.6 | −0.081% | $30.1M | $205.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,553.1 | +0.029% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,499 | −0.034% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,500.9 | −0.032% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,493.4 | −0.040% | $2.6M | $9.7M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,534.1 | +0.007% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,481.6 | −0.054% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,489 | −0.046% | $59.8M | $336.8M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,487.4 | −0.047% | $2.26B | $966.9M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,490.5 | −0.044% | $153.5M | $511.0M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,504.4 | −0.028% | $44.9M | $240.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,501.3 | −0.031% | — | $105.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,525.7 | −0.003% | $114.7M | $5.49B | 50x | as long as short |
| Reya BTCRUSDPERPshort | +0.0131% | 1h | 85,484 | −0.051% | $6.6M | $147.7M | 40x | |
| Deribit BTC-PERPETUAL | +0.0139% | 1h | 85,533.4 | +0.006% | $861.8M | $1.64B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0183% | 8h | 85,519 | −0.011% | $11.7M | $741.9M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0193% | 1h | 85,515.4 | −0.015% | $8.8M | $42.8M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0200% / S −0.0176% | 1h | 85,503 | −0.029% | $13.1M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,498.8 | −0.034% | $685K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0253% | 1h | 85,457.7 | −0.082% | $79K | $230K | 20x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDC
Kraken Futures PF_XBTUSD
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Aevo BTC-PERP
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD