Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.039%
Price spread now: Bybit against Reya+0.005%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), 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 MERUSDPERP | 0.07316 | 0.0228 | pay 0.0028% / 1h | 0m 22s | $26K | — | 15x |
| Short | Bybit MEUSDT | 0.07316 | 0.0100 | get 0.0050% / 4h | 2h 00m | $1.4M | $629K | 25x |
Reya MERUSDPERP
Bybit MEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$26.83
- Price spread: +0.005% → 0.000%
- $0.45
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.38
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 4.78 bp | 36.3 bp −$36 | 191.5 bp −$1,915 | doesn't fit | doesn't fit |
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.
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07316 | +0.005% | $230K | $98K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07321 | +0.067% | $17K | $11K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07317 | +0.018% | $2.1M | $3.8M | 50x | as long as short |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07316 | +0.005% | $1.4M | $629K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07313 | −0.037% | $465K | $972K | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07320 | +0.059% | $201K | $65K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07317 | +0.018% | $494K | $130K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07328 | +0.169% | $204K | $25K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07319 | +0.046% | $633K | $416K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07320 | +0.059% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07319 | +0.049% | $11K | $2K | — | as long as short |
| BloFin ME-USDT | +0.0126% | 4h | 0.07319 | +0.046% | $108K | $8K | 50x | as long as short |
| Reya MERUSDPERPlong | +0.0228% | 1h | 0.07316 | long leg | $26K | — | 15x |
Variational Omni ME
BloFin ME-USDT