OP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0339%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.104%

Price spread now: Reya against Aevo−0.026%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.026% cheaper against Aevo than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OP-PERP	0.1256	0.0104	pay 0.0013% / 1h	50m 21s	$3K	$1K	3x
Short	Reya OPRUSDPERP	0.1256	0.0443	get 0.0055% / 1h	50m 21s	$698	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. 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 AevobpFee ReyabpOrdersPrice spread, now −0.026%Rate

Funding earned: $71.21
Price spread: −0.026% → 0.000%: −$2.57
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: $46.63
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Aevo and 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.

OP on 30 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
Injective OP/USDC PERP	−0.1760%	1h	0.1248	−0.640%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1257	+0.068%	$13K	—	100x	as long as short
Hyperliquid OP	−0.0116%	1h	0.1257	+0.037%	$3.6M	$3.5M	5x	as long as short
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1257	+0.053%	$752K	$651K	20x	as long as short
Orderly PERP_OP_USDC	−0.0030%	8h	0.1255	−0.083%	$59K	$142K	10x	as long as short
Variational Omni OP	−0.0006%	8h	0.1251	−0.366%	$222K	$46K	—	as long as short
dYdX OP-USD	0.0000%	1h	0.1255	−0.108%	$39K	$522	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1257	+0.076%	$33K	$153K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1256	+0.035%	—	—	150x	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1257	+0.076%	$24K	$64K	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit OPUSDT	+0.0056%	8h	0.1256	+0.005%	$18.4M	$25.9M	75x	as long as short
KuCoin OPUSDTM	+0.0082%	8h	0.1255	−0.083%	$2.8M	$6.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0087%	8h	0.1255	−0.043%	$6.1M	$29.4M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1257	+0.068%	$276K	$1.1M	15x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1257	+0.042%	$208K	$218K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1257	+0.042%	$19.9M	$66.0M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1256	+0.029%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1257	+0.053%	$23.1M	$7.6M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1256	−0.003%	$5.7M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1256	−0.003%	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1253	−0.226%	$107K	$215K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1251	−0.378%	$379K	$767K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1253	−0.214%	$309K	$5.4M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1253	−0.242%	$43K	$702K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1256	+0.021%	$204	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1257	+0.037%	$170K	$253K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1255	−0.044%	$100K	$506K	25x	as long as short
Aevo OP-PERPlong	+0.0104%	1h	0.1256	long leg	$3K	$1K	3x
BloFin OP-USDT	+0.0220%	8h	0.1253	−0.226%	$997K	$304K	75x	as long as short
Reya OPRUSDPERPshort	+0.0443%	1h	0.1256	−0.026%	$698	—	20x