ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.010%

Price spread now: Reya against Coinbase International−0.122%48s7-day average −0.051% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 3 days (all we have)+0.125%+$13 · spread now −0.122%, 7d avg −0.051%

Together, before fees+0.160%+ Points / potential airdropReya: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of −0.051%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.035% in total) that is about 6.5 days. The two prices were read 48 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	Coinbase International ETH-PERP-INTX	2,773.9	0.0104	pay 0.0013% / 1h	7m 24s	$59.9M	$4.63B	50x
Short	Reya ETHRUSDPERP	2,770.5	0.0185	get 0.0023% / 1h	7m 24s	$7.3M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.122%Rate

Funding earned: $17
Price spread: −0.122% → −0.051%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$6.18
Costs to cover: 0.160%
Break-even: 9.5 days

Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	0.02 bp	5.4 bp −$5	6.1 bp −$61	7.9 bp −$788	18.1 bp −$9,063
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
Perpl ETH	−0.0112%	43m	2,770.8	−0.111%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.084%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,772.5	−0.050%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,770.9	−0.107%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,772.2	−0.061%	$885K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,770.7	−0.116%	$5.7M	$11.9M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.7	−0.077%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	0.0000%	1h	2,773.4	−0.017%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,772.9	−0.036%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0018%	8h	2,770.6	−0.119%	—	$1.18B	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0023%	8h	2,770.2	−0.133%	$1.71B	$11.89B	100x	as long as short
Phemex ETHUSDT	+0.0027%	8h	2,772.4	−0.053%	$267.0M	$66.0M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,772.8	−0.038%	$13.2M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0031%	1h	2,770.9	−0.109%	$8.7M	$32.6M	100x	as long as short
Aster ETHUSDT	+0.0034%	8h	2,770.9	−0.108%	$256.3M	$995.8M	200x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,769.9	−0.142%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0050%	8h	2,771	−0.103%	$1.59B	$2.69B	500x	as long as short
Binance ETHUSDT	+0.0051%	8h	2,770.7	−0.113%	$6.43B	$17.23B	150x	as long as short
Bitget ETHUSDT	+0.0076%	8h	2,770.5	−0.121%	$2.10B	$3.12B	150x	as long as short
Gate ETH_USDT	+0.0077%	8h	2,770.7	−0.114%	$3.28B	$9.70B	200x	as long as short
Bullet ETH-USD	+0.0079%	1h	2,770.5	−0.122%	$184K	$1.8M	20x	as long as short
Lighter ETH	+0.0096%	1h	2,772.3	−0.058%	$114.8M	$515.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.8	−0.037%	$25.3M	$123.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,772.5	−0.049%	—	$41.8M	500x	as long as short
Variational Omni ETH	+0.0097%	8h	2,770.2	−0.132%	$140.7M	$320.5M	—	as long as short
HTX ETH-USDT	+0.0099%	8h	2,771.5	−0.087%	$1.08B	$1.32B	200x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770.8	−0.112%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771.4	−0.089%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,772.1	−0.064%	$15.2M	$117.6M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.8	−0.039%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.7	−0.077%	$31.2M	$291.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,770.6	−0.119%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.9	−0.107%	$2.8M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.8	−0.038%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.120%	$164.9M	$252.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,771	−0.103%	$422.0M	$742.4M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,772.4	−0.052%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,770.8	−0.110%	$179.5M	$782.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,771.4	−0.088%	$161.2M	$97.3M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,773	−0.032%	$21.4M	$57.8M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.9	−0.073%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.2	−0.061%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,772.2	−0.059%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,774.5	+0.021%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,771.4	−0.090%	$972K	$14.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,772.1	−0.064%	$55.2M	$228.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,770.1	−0.137%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTXlong	+0.0104%	1h	2,773.9	long leg	$59.9M	$4.63B	50x
Kalshi KXETHPERP	+0.0114%	8h	2,772.9	−0.035%	$8.5M	$674.3M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0135%	8h	2,774.9	+0.036%	$32.6M	$12.0M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0136%	1h	2,773.9	+0.001%	$258.5M	$225.2M	50x	as long as short
BloFin ETH-USDT	+0.0171%	8h	2,771	−0.105%	$286.0M	$195.6M	150x	as long as short
Reya ETHRUSDPERPshort	+0.0185%	1h	2,770.5	−0.122%	$7.3M	$1.1M	25x
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,773.5	−0.015%	$86.4M	$331.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0464%	1h	2,774.3	+0.014%	$282K	$1.5M	20x	as long as short