OP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0443%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.130%

Price spread now: dYdX against Reya+0.035%7-day average — · you sell dearer than you buy

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

Long on Reya Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.035% dearer against Reya than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya OPRUSDPERP	0.1250	0.0443	pay 0.0055% / 1h	22m 23s	$695	—	20x
Short	dYdX OP-USD	0.1251	0	get 0.0000% / 1h	22m 23s	$39K	$522	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$93.13
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$105.67
Costs to cover: 0.160%
Break-even: never at this rate

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

Reya and dYdX: 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	0.1247	−0.267%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0898% / S +0.0202%	1h	0.1251	+0.085%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0055%	8h	0.1250	−0.027%	$59K	$177K	10x	as long as short
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1253	+0.185%	$754K	$665K	20x	as long as short
Variational Omni OP	−0.0006%	8h	0.1255	+0.399%	$222K	$46K	—	as long as short
dYdX OP-USDshort	0.0000%	1h	0.1251	+0.035%	$39K	$522	10x
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1251	+0.053%	$32K	$154K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1252	+0.109%	—	—	150x	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1253	+0.213%	$24K	$64K	50x	as long as short
KuCoin OPUSDTM	+0.0070%	8h	0.1250	−0.027%	$2.8M	$6.3M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit OPUSDT	+0.0072%	8h	0.1250	−0.019%	$18.3M	$26.1M	75x	as long as short
OKX OP-USDT-SWAP	+0.0085%	8h	0.1250	+0.013%	$6.1M	$29.5M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1251	+0.069%	$275K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1252	+0.109%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1251	+0.075%	$206K	$211K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1251	+0.024%	$19.7M	$67.0M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1251	+0.037%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1251	+0.053%	$22.4M	$8.0M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1251	+0.053%	$5.7M	$6.9M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1250	−0.027%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1251	+0.021%	$114K	$220K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1250	−0.036%	$379K	$765K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1250	+0.002%	$304K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1250	−0.027%	$43K	$700K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1250	−0.011%	$200	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1251	+0.053%	$169K	$254K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1250	−0.037%	$102K	$510K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1251	+0.037%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1251	+0.021%	$995K	$324K	75x	as long as short
Reya OPRUSDPERPlong	+0.0443%	1h	0.1250	long leg	$695	—	20x