ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.015%

Price spread now: Coinbase International against Reya+0.128%48s7-day average +0.051% · you sell dearer than you buy

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

Long on Reya Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.128%, 7d avg +0.051%

Together, before fees−0.146%+ Points / potential airdropReya: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.077% dearer against Reya than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.051%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 3 days (−0.040% in total) that is about 6.3 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	Reya ETHRUSDPERP	2,750.3	0.0218	pay 0.0027% / 1h	43m 30s	$7.3M	$1.1M	25x
Short	Coinbase International ETH-PERP-INTX	2,753.9	0.0088	get 0.0011% / 1h	43m 30s	$59.6M	$4.40B	50x

Funding 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

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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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$27.25
Price spread: +0.128% → +0.051%: $7.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$35.53
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 6 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, 6 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	8.2 bp −$817	25.7 bp −$12.8K

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	−0.0447%	43m	2,750.7	+0.012%	$314K	$6.1M	8.3x	as long as short
ApeX Omni ETHUSDT	−0.0149%	1h	2,751	+0.024%	$8.8M	$31.6M	100x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,752.5	+0.079%	$5K	$1K	50x	as long as short
RISEx ETH/USDC	−0.0071%	1h	2,751.4	+0.041%	$5.5M	$11.3M	25x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,751.9	+0.059%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0006%	1h	2,749.7	−0.023%	$864K	$3.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,753.2	+0.105%	$10.9M	$41.9M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,750.4	+0.001%	$22.2M	—	200x	as long as short
01 Exchange ETHUSD	+0.0008%	1h	2,752.1	+0.065%	$181K	$1.1M	50x	as long as short
BingX ETH-USDC	+0.0028%	8h	2,750.9	+0.020%	—	$17.3M	—	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	+0.0036%	8h	2,750.6	+0.010%	$1.69B	$11.11B	100x	as long as short
Aster ETHUSDT	+0.0054%	8h	2,752	+0.061%	$255.9M	$857.2M	200x	as long as short
Deribit ETH-PERPETUAL	+0.0055%	1h	2,753.9	+0.129%	$258.4M	$202.7M	50x	as long as short
HTX ETH-USDT	+0.0058%	8h	2,752	+0.061%	$1.07B	$1.22B	200x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,750.2	−0.006%	$4.9M	$168K	20x	as long as short
MEXC ETH_USDT	+0.0065%	8h	2,750.5	+0.005%	$1.58B	$2.53B	500x	as long as short
Binance ETHUSDT	+0.0067%	8h	2,751.5	+0.042%	$6.36B	$16.33B	150x	as long as short
Gate ETH_USDT	+0.0068%	8h	2,751.2	+0.032%	$3.36B	$8.76B	200x	as long as short
KuCoin ETHUSDTM	+0.0078%	8h	2,751.3	+0.037%	$380.6M	$606.6M	100x	as long as short
Bitget ETHUSDT	+0.0086%	8h	2,750.7	+0.012%	$2.07B	$2.86B	150x	as long as short
Coinbase International ETH-PERP-INTXshort	+0.0088%	1h	2,753.9	+0.128%	$59.6M	$4.40B	50x
Lighter ETH	+0.0096%	1h	2,751.3	+0.037%	$113.2M	$439.7M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,752.9	+0.095%	$25.0M	$106.1M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,749.1	−0.044%	—	$35.6M	500x	as long as short
Aftermath Perps ETHUSD	+0.0099%	1h	2,751.1	+0.027%	$30K	$21K	20x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,754.8	+0.163%	$15.9M	$8.2M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,751.3	+0.036%	$469K	$2.9M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,751.9	+0.058%	$14.0M	$113.4M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,752.9	+0.094%	$3.13B	$2.15B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,751.6	+0.048%	$31.6M	$333.7M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,751.2	+0.033%	$2.47B	$4.36B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,750	−0.012%	$2.8M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,751.9	+0.059%	$2.8M	$16.8M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,751.4	+0.039%	$167.5M	$300.9M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,752.2	+0.068%	$15.0M	$42.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,750	−0.012%	$133.2M	$346.7M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,750.8	+0.018%	$184.4M	$736.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,748.2	−0.078%	$159.8M	$83.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,750.9	+0.021%	$21.3M	$66.6M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,751.5	+0.044%	—	$871K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,750.1	−0.008%	$10.4M	$8.0M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,750.4	+0.004%	$183K	$1.7M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,752.8	+0.089%	$21K	$22K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,754.6	+0.156%	$42.0M	$28.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,748.8	−0.055%	$964K	$12.6M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,752.8	+0.090%	$54.8M	$187.6M	40x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,752.7	+0.086%	$267.8M	$66.3M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,750.4	+0.004%	$30.9M	$74.9M	50x	as long as short
Kalshi KXETHPERP	+0.0135%	8h	2,750.6	+0.010%	$7.7M	$674.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0162%	8h	2,755.2	+0.176%	$32.4M	$11.3M	100x	as long as short
Hibachi ETH/USDT-P	+0.0176%	1h	2,749.1	−0.044%	$250K	$1.5M	20x	as long as short
BloFin ETH-USDT	+0.0180%	8h	2,752.8	+0.092%	$285.0M	$179.1M	150x	as long as short
Injective ETH/USDC PERP	+0.0209%	1h	2,747.6	−0.099%	$118K	$22.5M	52x	as long as short
Reya ETHRUSDPERPlong	+0.0218%	1h	2,750.3	long leg	$7.3M	$1.1M	25x
Kraken Futures PF_ETHUSD	+0.0353%	1h	2,753.8	+0.125%	$93.0M	$316.0M	100x	as long as short