Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.006%
Price spread now: Jupiter Perps against Reya+0.032%7-day average +0.026% · 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)−0.129%−$13 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.032%, 7d avg +0.026%
=Together, before fees−0.145%+ Points / potential airdropReya: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$4 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 | 85,482.5 | 0.0064 | pay 0.0008% / 1h | 53m 43s | $6.7M | $146.4M | 40x |
| Short | Jupiter Perps WBTC-PERP | 85,509.6 | L +0.0104% / S +0.0056% | pay 0.0007% / 1h | 53m 43s | — | $103.7M | 500x |
Reya BTCRUSDPERP
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps 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
- −$25.14
- Price spread: +0.032% → +0.026%
- $0.53
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$42.61
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Jupiter Perps: 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 Jupiter Perps no order-book sample | — | — | — | — | — |
Reya and Jupiter Perps: 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 | −0.0144% | 1h | 85,538 | +0.065% | $2.1M | $10.3M | 40x | as long as short |
| ApeX Omni BTCUSDT | −0.0123% | 1h | 85,466.5 | −0.019% | $139.7M | $316.3M | 100x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,516 | +0.039% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,490.7 | +0.010% | $364K | $2.3M | 50x | as long as short |
| Nado BTC-PERP | −0.0016% | 1h | 85,519.9 | +0.044% | $22.5M | $222.5M | 50x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,532.4 | +0.058% | $16.7M | $20.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,505.8 | +0.027% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,485.4 | +0.003% | $515.3M | $1.11B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0019% | 8h | 85,486.7 | +0.005% | $898.4M | $745.1M | 125x | as long as short |
| BingX BTC-USDC | +0.0054% | 8h | 85,490.7 | +0.010% | — | $17.0M | — | as long as short |
Phoenix BTC
ApeX Omni BTCUSDT
Hotstuff BTC-PERP
01 Exchange BTCUSD
Nado BTC-PERP
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
BingX BTC-USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTC-USDT | +0.0058% | 8h | 85,496.9 | +0.017% | $2.27B | $929.9M | 200x | as long as short |
| Reya BTCRUSDPERPlong | +0.0064% | 1h | 85,482.5 | long leg | $6.7M | $146.4M | 40x | |
| Bitget BTCUSDT | +0.0067% | 8h | 85,490.7 | +0.010% | $2.94B | $5.01B | 150x | as long as short |
| SoDEX BTC-USD | +0.0069% | 1h | 85,515 | +0.038% | $59.9M | $336.4M | 40x | as long as short |
| SunX BTC-USDT | +0.0075% | 8h | 85,478.4 | −0.005% | $2.9M | $6.2M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.157% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,505.5 | +0.027% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0084% | 8h | 85,497.5 | +0.018% | $5.07B | $5.57B | 500x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,501.5 | +0.022% | $9.33B | $23.83B | 150x | as long as short |
| Popdex BTCUSDT | +0.0088% | 1h | 85,493 | +0.012% | $8.4M | $51.5M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,515.1 | +0.038% | $169.5M | $982.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,512.3 | +0.035% | $23.9M | $147.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,545.6 | +0.074% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,475 | −0.009% | $204K | $7.6M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,562 | +0.093% | $3.76B | $4.90B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,533.3 | +0.059% | $40.1M | $571.6M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,506 | +0.028% | $5.32B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,501.3 | +0.022% | $2.56B | $12.09B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,508 | +0.030% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,466.1 | −0.019% | $7.1M | $96.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,482.5 | 0.000% | $608.2M | $317.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,506.6 | +0.028% | $5.56B | $10.39B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,487 | +0.005% | $34.7M | $169.8M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,577.1 | +0.111% | $153.7M | $552.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,470.5 | −0.014% | $278.0M | $927.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,468 | −0.017% | $214.5M | $161.4M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,571 | +0.104% | $30.2M | $211.1M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,548.9 | +0.078% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,484 | +0.002% | $11.0M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,491 | +0.010% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,504.6 | +0.026% | $2.4M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,540.4 | +0.068% | $196K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,505 | +0.026% | $30.0M | $52.7M | 15x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,506.6 | +0.028% | $149.1M | $478.8M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,472.7 | −0.011% | $44.3M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0056% | 1h | 85,509.6 | +0.032% | — | $103.7M | 500x | |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,547.6 | +0.076% | $130.6M | $5.06B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,524.3 | +0.049% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0139% | 1h | 85,540.4 | +0.068% | $187.0M | $949.1M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0192% | 1h | 85,561.1 | +0.092% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,621 | +0.162% | $683K | $7.8M | 30x | as long as short |
| Deribit BTC-PERPETUAL | +0.0195% | 1h | 85,559.5 | +0.090% | $894.9M | $1.52B | 50x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0181% | 1h | 85,500.7 | +0.021% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,544 | +0.072% | $10.4M | $760.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,538.1 | +0.065% | $510K | $19.6M | 6.7x | as long as short |
HTX BTC-USDT
Bitget BTCUSDT
SoDEX BTC-USD
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Popdex BTCUSDT
Lighter BTC
Lighter RH BTC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
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
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
Phemex BTCUSDT
Extended BTC-USD
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Deribit BTC-PERPETUAL
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC