Funding you earn now, next payment 22:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.049%
Price spread now: Coinbase International against Reya+0.068%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.068%, 7d avg +0.059%
=Together, before fees−0.014%+ Points / potential airdropReya: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya BTCRUSDPERP | 86,355.8 | 0.0023 | pay 0.0003% / 1h | 3m 53s | $6.7M | $145.1M | 40x |
| Short | Coinbase International BTC-PERP-INTX | 86,414.2 | 0.0112 | get 0.0014% / 1h | 3m 53s | $132.0M | $5.68B | 50x |
Reya BTCRUSDPERP
Coinbase International BTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $18.63
- Price spread: +0.068% → +0.059%
- $0.87
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $3.5
- Costs to cover
- 0.160%
- Break-even
- 5.7 days
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.4 bp −$535 | 11.5 bp −$5,738 |
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 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0477% | 1h | 86,396.1 | +0.047% | $140K | $663K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,349 | −0.008% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,355 | −0.001% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,377.8 | +0.025% | $357K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0010% | 8h | 86,366 | +0.012% | $503.1M | $1.15B | 200x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,401.9 | +0.053% | $917.4M | $1.49B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,380 | +0.028% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0005% | 8h | 86,361.3 | +0.006% | $849.1M | $713.3M | 125x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,369.9 | +0.016% | $8.4M | $42.8M | 25x | as long as short |
| dYdX BTC-USD | +0.0008% | 1h | 86,352 | −0.004% | $16.9M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
Aster BTCUSDT
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
RISEx BTC/USDC
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERPlong | +0.0023% | 1h | 86,355.8 | long leg | $6.7M | $145.1M | 40x | |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,360 | +0.005% | $332K | $26.8M | 52x | as long as short |
| BingX BTC-USDT | +0.0037% | 8h | 86,375.6 | +0.023% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0043% | 8h | 86,369.2 | +0.015% | $149.8M | $477.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0048% | 8h | 86,378.7 | +0.026% | $2.95B | $5.11B | 150x | as long as short |
| MEXC BTC_USDT | +0.0064% | 8h | 86,373 | +0.020% | $5.12B | $5.72B | 500x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,359.1 | +0.004% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0065% | 8h | 86,374.9 | +0.022% | $9.41B | $24.48B | 150x | as long as short |
| Aftermath Perps BTCUSD | +0.0067% | 1h | 86,385 | +0.034% | $80K | $219K | 20x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,369.9 | +0.016% | $5.84B | $10.78B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,374.5 | +0.022% | $169.8M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,388.6 | +0.038% | $24.0M | $153.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,366 | +0.012% | $8.4M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0096% | 8h | 86,377.7 | +0.025% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,338 | −0.021% | $205K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,398.8 | +0.050% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,359 | +0.004% | $21.8M | $234.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 86,444 | +0.102% | $3.79B | $5.10B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,390.4 | +0.040% | $40.7M | $517.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,376.6 | +0.024% | $2.54B | $12.69B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,361 | +0.006% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,415.6 | +0.069% | $7.7M | $94.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,320.9 | −0.040% | $570.7M | $18.4M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,363.8 | +0.009% | $37.8M | $154.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,349.5 | −0.007% | $155.5M | $568.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,273.7 | −0.095% | $278.9M | $945.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,335.7 | −0.023% | $216.9M | $174.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,285.8 | −0.081% | $141.1M | $323.8M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,341 | −0.017% | $30.6M | $204.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,403.5 | +0.055% | — | $11.7M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,359 | +0.004% | $11.1M | $13.8M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,365.2 | +0.011% | $191K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,373.1 | +0.020% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,397.1 | +0.048% | $30.6M | $62.2M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,350.2 | −0.007% | $3.4M | $5.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,369 | +0.015% | $60.4M | $337.4M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,335.7 | −0.023% | $2.29B | $968.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,358.9 | +0.004% | $45.5M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,377.8 | +0.025% | — | $98.9M | 500x | as long as short |
| Perpl BTC | +0.0112% | 43m | 86,355.8 | 0.000% | $418K | $23.5M | 6.7x | as long as short |
| Coinbase International BTC-PERP-INTXshort | +0.0112% | 1h | 86,414.2 | +0.068% | $132.0M | $5.68B | 50x | |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,396.2 | +0.047% | $191.8M | $946.5M | 100x | as long as short |
| Hibachi BTC/USDT-P | +0.0144% | 1h | 86,366.7 | +0.013% | $718K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0185% | 8h | 86,347.3 | −0.010% | $414.6M | $653.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0188% / S −0.0211% | 1h | 86,377.3 | +0.025% | $15.1M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0199% | 8h | 86,386 | +0.035% | $9.7M | $736.3M | 6.4x | as long as short |
Injective BTC/USDC PERP
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Aftermath Perps BTCUSD
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Perpl BTC
Kraken Futures PF_XBTUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP