Funding you earn now, next payment 07:00 UTC−0.0343%/8h= −37.6% APRpaid last 24h −0.100%
Price spread now: Gate against Reya+0.121%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 pays, funding is against you. Gate is 0.121% dearer against Reya than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 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 | 55m 29s | $695 | — | 20x |
| Short | Gate OP_USDT | 0.1252 | 0.0100 | get 0.0100% / 8h | 1h 55m | $2.0M | $1.5M | 50x |
Reya OPRUSDPERP
Gate OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$72.03
- Price spread: +0.121% → 0.000%
- $12.06
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.97
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago | 1.60 bp | 33.9 bp −$34 | 66.0 bp −$660 | 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.
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 | 0.1249 | −0.119% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1252 | +0.124% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0548% | 1h | 0.1252 | +0.121% | $33K | $153K | 25x | as long as short |
| Hyperliquid OP | −0.0197% | 1h | 0.1251 | +0.049% | $3.5M | $3.4M | 5x | as long as short |
| SoDEX OP-USD | −0.0099% | 1h | 0.1252 | +0.113% | $209 | $6K | 5x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1252 | +0.113% | $749K | $652K | 20x | as long as short |
| Orderly PERP_OP_USDC | −0.0024% | 8h | 0.1251 | +0.041% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0006% | 8h | 0.1252 | +0.147% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | +0.183% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1254 | +0.251% | — | — | 150x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
SoDEX OP-USD
Kraken Futures PF_OPUSD
Orderly PERP_OP_USDC
Variational Omni OP
dYdX OP-USD
gTrade (Gains Network) OP/USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1257 | +0.520% | $24K | $64K | 50x | as long as short |
| Bybit OPUSDT | +0.0056% | 8h | 0.1250 | −0.007% | $18.4M | $26.0M | 75x | as long as short |
| KuCoin OPUSDTM | +0.0085% | 8h | 0.1251 | +0.041% | $2.8M | $6.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0086% | 8h | 0.1251 | +0.049% | $6.1M | $29.2M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1252 | +0.129% | $275K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1253 | +0.181% | $207K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1251 | +0.013% | $19.8M | $65.8M | 75x | as long as short |
| Gate OP_USDTshort | +0.0100% | 8h | 0.1252 | +0.121% | $2.0M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1251 | +0.049% | $23.0M | $7.6M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | +0.041% | $5.7M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1251 | +0.033% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | +0.105% | $105K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1249 | −0.090% | $379K | $766K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1253 | +0.201% | $309K | $5.4M | 10x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.185% | $170K | $253K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | −0.031% | $101K | $502K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1251 | +0.054% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1253 | +0.177% | $987K | $304K | 75x | as long as short |
| Reya OPRUSDPERPlong | +0.0443% | 1h | 0.1250 | long leg | $695 | — | 20x | |
| ApeX Omni OPUSDT | +0.1062% | 1h | 0.1255 | +0.360% | $43K | $703K | 50x | as long as short |
Coinbase International OP-PERP-INTX
Bybit OPUSDT
KuCoin OPUSDTM
OKX OP-USDT-SWAP
Lighter OP
Aster OPUSDT
Binance OPUSDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
ApeX Omni OPUSDT