Funding you earn now, next payment 09:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h −0.059%
Price spread now: Reya against Deribit−0.278%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$3 a day on $10k at the current rate, and Reya is 0.278% cheaper against Deribit than usual: you would sell low and buy high (−$28 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 | Deribit S_USDC-PERPETUAL | 0.04473 | 0 | get 0.0000% / 1h | 22m 03s | $75K | $11K | 10x |
| Short | Reya SRUSDPERP | 0.04461 | −0.0101 | pay 0.0013% / 1h | 22m 03s | $4 | — | 15x |
Deribit S_USDC-PERPETUAL
Reya SRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Deribit. 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
- −$21.25
- Price spread: −0.278% → 0.000%
- −$27.79
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$62.04
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Deribit 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.2541% | 1h | 0.04466 | −0.156% | $38K | $20K | 10x | as long as short |
| 01 Exchange SUSD | −0.2304% | 1h | 0.04390 | −1.856% | $26K | $3K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1248% | 1h | 0.04308 | −3.689% | $53K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04460 | −0.297% | $2K | — | 100x | as long as short |
| Variational Omni S | −0.0102% | 4h | 0.04403 | −1.562% | $682K | $7K | — | as long as short |
| Reya SRUSDPERPshort | −0.0101% | 1h | 0.04461 | −0.278% | $4 | — | 15x | |
| Deribit S_USDC-PERPETUALlong | 0.0000% | 1h | 0.04473 | long leg | $75K | $11K | 10x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04472 | −0.020% | $688 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −8.339% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0067% | 4h | 0.04469 | −0.089% | $111K | $639K | 10x | as long as short |
Kraken Futures PF_SUSD
01 Exchange SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.04469 | −0.089% | $191K | $100K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04468 | −0.110% | $1.1M | $737K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04467 | −0.127% | $49K | $185K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04470 | −0.077% | $6.7M | $17.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04462 | −0.246% | $6.4M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04467 | −0.134% | $1.3M | $5.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04465 | −0.179% | $381K | $232K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04467 | −0.134% | $4.7M | $2.4M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04469 | −0.089% | $2.1M | $2.8M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04471 | −0.045% | $1.3M | $2.7M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04466 | −0.156% | — | $7.0M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04380 | −2.079% | $25K | $514K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04465 | −0.182% | $247K | $1.3M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04461 | −0.268% | $314K | $121K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0710% | 1h | 0.04480 | +0.156% | $105K | $474K | 5x | as long as short |
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP