ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.008%

Price spread now: Deribit against Reya+0.036%49s7-day average +0.061% · you sell dearer than you buy

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

Long on Reya Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.036%, 7d avg +0.061%

Together, before fees−0.067%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.025% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.061%). Swap the legs. The two prices were read 49 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	2,775.8	0.0193	pay 0.0024% / 1h	16m 26s	$7.4M	$1.2M	25x
Short	Deribit ETH-PERPETUAL	2,776.8	0.0027	get 0.0003% / 1h	16m 26s	$258.4M	$222.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 DeribitbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$34.87
Price spread: +0.036% → +0.061%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50.33
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 3 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 Deribit live order book, 3 min ago	0.09 bp	4.3 bp −$4	5.0 bp −$50	9.7 bp −$970	22.5 bp −$11.2K

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	2,775	−0.027%	$288K	$6.9M	8.3x	as long as short
RISEx ETH/USDC	−0.0085%	1h	2,776	+0.010%	$5.7M	$12.0M	25x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,775.2	−0.020%	$5K	$2K	50x	as long as short
Injective ETH/USDC PERP	−0.0041%	1h	2,779.6	+0.138%	$119K	$22.5M	52x	as long as short
01 Exchange ETHUSD	−0.0040%	1h	2,776.5	+0.027%	$169K	$1.2M	50x	as long as short
Aftermath Perps ETHUSD	−0.0011%	1h	2,777.4	+0.059%	$29K	$22K	20x	as long as short
dYdX ETH-USD	0.0000%	1h	2,775.6	−0.005%	$12.7M	$45.6M	50x	as long as short
Phoenix ETH	0.0000%	1h	2,779.6	+0.138%	$886K	$3.7M	25x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,775.9	+0.006%	$22.4M	—	200x	as long as short
BingX ETH-USDT	+0.0015%	8h	2,776.2	+0.015%	—	$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	+0.0019%	8h	2,775.7	−0.004%	$1.70B	$11.86B	100x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,775.6	−0.007%	$270.0M	$68.5M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0027% / S +0.0009%	1h	2,775.8	0.000%	$12.9M	—	200x	as long as short
Deribit ETH-PERPETUALshort	+0.0027%	1h	2,776.8	+0.036%	$258.4M	$222.4M	50x
Bullet ETH-USD	+0.0036%	1h	2,776	+0.009%	$182K	$1.7M	20x	as long as short
Aster ETHUSDT	+0.0038%	8h	2,776.1	+0.011%	$256.6M	$991.8M	200x	as long as short
Nado ETH-PERP	+0.0059%	1h	2,775.9	+0.007%	$14.2M	$118.2M	50x	as long as short
Aevo ETH-PERP	+0.0064%	1h	2,774.3	−0.051%	$5.0M	$636K	20x	as long as short
Binance ETHUSDT	+0.0066%	8h	2,775.9	+0.006%	$6.44B	$17.21B	150x	as long as short
MEXC ETH_USDT	+0.0066%	8h	2,776.1	+0.011%	$1.62B	$2.67B	500x	as long as short
Bitget ETHUSDT	+0.0069%	8h	2,776	+0.007%	$2.10B	$3.10B	150x	as long as short
ApeX Omni ETHUSDT	+0.0073%	1h	2,780.3	+0.162%	$8.8M	$32.6M	100x	as long as short
Gate ETH_USDT	+0.0074%	8h	2,776.2	+0.016%	$3.29B	$9.65B	200x	as long as short
SoDEX ETH-USD	+0.0076%	1h	2,775.4	−0.013%	$55.3M	$228.9M	40x	as long as short
Bybit ETHUSDT	+0.0093%	8h	2,775.9	+0.006%	$2.52B	$4.62B	150x	as long as short
HTX ETH-USDT	+0.0095%	8h	2,774.7	−0.038%	$1.08B	$1.32B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,775.5	−0.009%	$115.2M	$502.1M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,777.2	+0.053%	$25.4M	$121.7M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,776.6	+0.030%	—	$41.6M	500x	as long as short
KuCoin ETHUSDTM	+0.0098%	8h	2,775.5	−0.011%	$422.5M	$739.3M	100x	as long as short
Paradex ETH-USD-PERP	+0.0099%	8h	2,775	−0.029%	$15.9M	$10.5M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,776.3	+0.019%	$478K	$2.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,778.6	+0.102%	$3.19B	$2.36B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,776	+0.007%	$31.3M	$302.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,774.7	−0.038%	$2.8M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,777.6	+0.068%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,778.9	+0.114%	$165.9M	$253.8M	25x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,775.6	−0.007%	$15.2M	$44.3M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,778.6	+0.103%	$136.7M	$326.3M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,779.6	+0.140%	$181.9M	$783.9M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,777.6	+0.066%	$161.5M	$91.5M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,776.9	+0.041%	$21.4M	$58.2M	40x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,777.2	+0.052%	$10.8M	$7.6M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,776.1	+0.012%	$21K	$24K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,777.6	+0.067%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,775	−0.028%	$972K	$14.0M	100x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,776.5	+0.026%	—	$1.1M	50x	as long as short
Extended ETH-USD	+0.0104%	1h	2,775.7	−0.003%	$32.6M	$77.8M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,776.4	+0.024%	$59.9M	$4.60B	50x	as long as short
Kalshi KXETHPERP	+0.0126%	8h	2,776.7	+0.034%	$8.4M	$679.1M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0137%	8h	2,778	+0.081%	$32.6M	$12.0M	100x	as long as short
Kraken Futures PF_ETHUSD	+0.0170%	1h	2,776.2	+0.016%	$86.0M	$332.3M	100x	as long as short
BloFin ETH-USDT	+0.0186%	8h	2,775.5	−0.009%	$284.2M	$194.5M	150x	as long as short
Reya ETHRUSDPERPlong	+0.0193%	1h	2,775.8	long leg	$7.4M	$1.2M	25x
Hibachi ETH/USDT-P	+0.0232%	1h	2,778.8	+0.110%	$270K	$1.5M	20x	as long as short