Funding you earn now, next payment 03:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%
Price spread now: KuCoin against Reya−0.077%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.077% cheaper against Reya than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MERUSDPERP | 0.07479 | 0.0228 | pay 0.0028% / 1h | 52m 16s | $26K | — | 15x |
| Short | KuCoin MEUSDTM | 0.07473 | 0.0100 | get 0.0050% / 4h | 1h 52m | $207K | $28K | 30x |
Reya MERUSDPERP
KuCoin MEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.077% → 0.000%
- −$7.71
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$52.54
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 43 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 KuCoin live order book, 43 min ago | 40.87 bp | 215.7 bp −$216 | doesn't fit | 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 12 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 | 0.07479 | +0.003% | $237K | $99K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07472 | −0.096% | $13K | $20K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07481 | +0.029% | $2.1M | $4.0M | 50x | as long as short |
| Bybit MEUSDT | +0.0100% | 4h | 0.07473 | −0.077% | $1.5M | $741K | 25x | as long as short |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07480 | +0.017% | $493K | $1.1M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07470 | −0.117% | $191K | $71K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07480 | +0.017% | $482K | $131K | 20x | as long as short |
| KuCoin MEUSDTMshort | +0.0100% | 4h | 0.07473 | −0.077% | $207K | $28K | 30x | |
| Bitget MEUSDT | +0.0100% | 4h | 0.07473 | −0.077% | $637K | $415K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07472 | −0.090% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
Bybit MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
Bitget MEUSDT
BingX ME-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07488 | +0.120% | $12K | $2K | — | as long as short |
| Reya MERUSDPERPlong | +0.0228% | 1h | 0.07479 | long leg | $26K | — | 15x |
Variational Omni ME