Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.013%
Price spread now: Reya against Bybit+0.031%46s7-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)+0.058%+$6 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.031%, 7d avg −0.026%
=Together, before fees+0.004%+ Points / potential airdropReya: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 46 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 | Bybit ETHUSDT | 2,767.8 | 0.0063 | pay 0.0063% / 8h | 7h 55m | $2.51B | $4.59B | 150x |
| Short | Reya ETHRUSDPERP | 2,768.7 | 0.0207 | get 0.0026% / 1h | 55m 43s | $7.3M | $1.2M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Bybit. 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
- $30.28
- Price spread: +0.031% → −0.026%
- $5.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $19.01
- Costs to cover
- 0.170%
- Break-even
- 2.6 days
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.02 bp | 5.5 bp −$6 | 6.5 bp −$65 | 7.9 bp −$795 | 11.3 bp −$5,657 |
| 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.
ETH 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETH/USDC PERP | −0.0752% | 1h | 2,771.6 | +0.137% | $119K | $22.5M | 52x | as long as short |
| Perpl ETH | −0.0223% | 43m | 2,769.1 | +0.048% | $284K | $6.8M | 8.3x | as long as short |
| RISEx ETH/USDC | −0.0128% | 1h | 2,769.9 | +0.077% | $5.7M | $11.9M | 25x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,771.2 | +0.122% | $5K | $1K | 50x | as long as short |
| 01 Exchange ETHUSD | −0.0024% | 1h | 2,770.3 | +0.090% | $168K | $1.2M | 50x | as long as short |
| Bullet ETH-USD | −0.0013% | 1h | 2,768.6 | +0.027% | $182K | $1.7M | 20x | as long as short |
| SoDEX ETH-USD | −0.0007% | 1h | 2,769.2 | +0.050% | $55.1M | $228.8M | 40x | as long as short |
| ApeX Omni ETHUSDT | −0.0005% | 1h | 2,773.8 | +0.216% | $8.7M | $32.9M | 100x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,769.1 | +0.045% | $12.7M | $45.8M | 50x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,771.4 | +0.129% | $8.1M | $690.0M | 4.9x | as long as short |
Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ETH | +0.0003% | 1h | 2,771.4 | +0.129% | $876K | $3.7M | 25x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,769.5 | +0.062% | $22.4M | — | 200x | as long as short |
| OKX ETH-USDT-SWAP | +0.0020% | 8h | 2,767.7 | −0.003% | $1.70B | $11.77B | 100x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0026% / S +0.0009% | 1h | 2,769.4 | +0.056% | $12.8M | — | 200x | as long as short |
| Aftermath Perps ETHUSD | +0.0035% | 1h | 2,773 | +0.188% | $29K | $22K | 20x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,768.9 | +0.038% | $255.6M | $1.00B | 200x | as long as short |
| Gate ETH_USDT | +0.0043% | 8h | 2,769.2 | +0.048% | $3.29B | $8.88B | 200x | as long as short |
| Aevo ETH-PERP | +0.0056% | 1h | 2,769.7 | +0.067% | $5.0M | $326K | 20x | as long as short |
| MEXC ETH_USDT | +0.0057% | 8h | 2,767.9 | +0.003% | $1.61B | $2.62B | 500x | as long as short |
| Binance ETHUSDT | +0.0058% | 8h | 2,768 | +0.006% | $6.45B | $17.18B | 150x | as long as short |
| Bybit ETHUSDTlong | +0.0063% | 8h | 2,767.8 | long leg | $2.51B | $4.59B | 150x | |
| Bitget ETHUSDT | +0.0066% | 8h | 2,768.1 | +0.009% | $2.10B | $3.07B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0079% | 1h | 2,770.2 | +0.087% | $259.1M | $220.9M | 50x | as long as short |
| KuCoin ETHUSDTM | +0.0080% | 8h | 2,769.4 | +0.056% | $422.2M | $735.1M | 100x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0080% | 1h | 2,770.8 | +0.107% | $60.8M | $4.57B | 50x | as long as short |
| Phemex ETHUSDT | +0.0082% | 8h | 2,769.2 | +0.049% | $269.7M | $68.1M | 150x | as long as short |
| Vest ETH-PERP | +0.0095% | 1h | 2,769.8 | +0.073% | — | $1.1M | 50x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,768.3 | +0.018% | $115.0M | $455.8M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,770.1 | +0.081% | $25.2M | $109.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0099% | 8h | 2,767.4 | −0.017% | $15.9M | $9.8M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,769.8 | +0.072% | $483K | $2.9M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,770.2 | +0.084% | $14.4M | $117.9M | 50x | as long as short |
| Hyperliquid ETH | +0.0100% | 1h | 2,770.8 | +0.108% | $3.17B | $2.36B | 25x | as long as short |
| Pacifica ETH | +0.0100% | 1h | 2,769.1 | +0.046% | $31.2M | $319.4M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,768 | +0.007% | $2.8M | $17.3M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,768.2 | +0.013% | $2.7M | $17.4M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,770.5 | +0.098% | $170.6M | $266.1M | 25x | as long as short |
| BingX ETH-USDT | +0.0100% | 8h | 2,769.2 | +0.050% | — | $1.24B | — | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,769.7 | +0.068% | $15.2M | $44.1M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,771.4 | +0.130% | $151.3M | $343.5M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,774.3 | +0.234% | $182.1M | $783.3M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,776 | +0.297% | $161.4M | $88.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,770.9 | +0.111% | $21.4M | $58.5M | 40x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,769.4 | +0.057% | $10.6M | $8.1M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,769.7 | +0.069% | $21K | $24K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,771.2 | +0.120% | $42.7M | $29.4M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,768.4 | +0.020% | $971K | $13.8M | 100x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,768.9 | +0.039% | $1.08B | $1.31B | 200x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,769.3 | +0.053% | $32.5M | $78.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0104% / S +0.0048% | 1h | 2,771.9 | +0.148% | — | $41.7M | 500x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0134% | 1h | 2,770.8 | +0.109% | $90.7M | $328.3M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0146% | 8h | 2,771.4 | +0.130% | $32.6M | $12.1M | 100x | as long as short |
| BloFin ETH-USDT | +0.0177% | 8h | 2,770.6 | +0.099% | $286.6M | $192.8M | 150x | as long as short |
| Hibachi ETH/USDT-P | +0.0192% | 1h | 2,772 | +0.151% | $252K | $1.6M | 20x | as long as short |
| Reya ETHRUSDPERPshort | +0.0207% | 1h | 2,768.7 | +0.031% | $7.3M | $1.2M | 25x |
Bybit ETHUSDT
Injective ETH/USDC PERP
RISEx ETH/USDC
01 Exchange ETHUSD
Bullet ETH-USD
SoDEX ETH-USD
ApeX Omni ETHUSDT
Kalshi KXETHPERP
Phoenix ETH
gTrade (Gains Network) ETH/USD
OKX ETH-USDT-SWAP
GMX ETH/USD [ETH-USDC]
Aftermath Perps ETHUSD
Aster ETHUSDT
Gate ETH_USDT
MEXC ETH_USDT
Binance ETHUSDT
Bitget ETHUSDT
Deribit ETH-PERPETUAL
KuCoin ETHUSDTM
Coinbase International ETH-PERP-INTX
Phemex ETHUSDT
Lighter ETH
Lighter RH ETH
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Hyperliquid ETH
Pacifica ETH
Bulk ETH-USD
BingX ETH-USDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
HTX ETH-USDT
Extended ETH-USD
Kraken Futures PF_ETHUSD
BloFin ETH-USDT