Spread before costs (cost unknown: a leg has no order-book sample)+0.023%
7d average—if it closes, per $10,000$2funding while held, a day+$6.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SRUSDPERP | 0.03919 | −0.0101 | get 0.0013% / 1h | 11m 00s | $4 | — | 15x |
| Short | Backpack S_USDC_PERP | 0.03920 | 0.0100 | get 0.0013% / 1h | 11m 00s | $114K | $218K | 5x |
Reya SRUSDPERP
Backpack S_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.34
- Funding while held
- $6.04
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$7.63
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 39 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0201%
- Per $10,000 a day
- +$6.04
- Average in range /8h
- —
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 Backpack live order book, 39 min ago | 12.48 bp | 20.9 bp −$21 | 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.
S price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.03790cheapestCoinbase International0.03811+0.554%Bybit0.03905+3.034%OKX0.03906+3.061%Gate0.03912+3.219%Binance0.03913+3.245%BingX0.03913+3.245%KuCoin0.03914+3.272%Extended0.03914+3.278%Bitget0.03915+3.298%Kraken Futures0.03917+3.350%Variational Omni0.03918+3.369%MEXC0.03918+3.377%Lighter0.03919+3.404%BloFin0.03919+3.404%
Coinbase International
Bybit
OKX
Gate
Binance
BingX
KuCoin
Extended
Bitget
Kraken Futures
Variational Omni
MEXC
Lighter
BloFinReya0.03919+3.406%
Hyperliquid0.03920+3.422%
HyperliquidBackpack0.03920+3.430%
Orderly0.03921+3.456%Deribit0.03923+3.509%Aster0.03924+3.537%gTrade (Gains Network)0.03925+3.559%GMX0.03926+3.580%ApeX Omni0.03930+3.694%Injective0.04100+8.179%
Orderly
Deribit
Aster
gTrade (Gains Network)
GMX
ApeX Omni
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −3.294% | −1.1272% | 1h | $23K | $3K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −2.758% | −0.2432% | 1h | $47K | $11K | 25x | as long as short |
| Bybit SUSDT | −0.359% | +0.0100% | 4h | $5.6M | $9.5M | 50x | as long as short |
| OKX S-USDT-SWAP | −0.334% | +0.0090% | 4h | $1.0M | $12.5M | 20x | as long as short |
| Gate S_USDT | −0.181% | +0.0100% | 4h | $326K | $410K | 50x | as long as short |
| Binance SUSDT | −0.155% | +0.0100% | 4h | $5.3M | $40.5M | 75x | as long as short |
| BingX S-USDT | −0.155% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| KuCoin SUSDTM | −0.130% | +0.0100% | 4h | $1.8M | $3.9M | 50x | as long as short |
| Extended S-USD | −0.124% | +0.0104% | 1h | $221K | $944K | 10x | as long as short |
| Bitget SUSDT | −0.104% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.054% | −0.2441% | 1h | $33K | $48K | 10x | as long as short |
| Variational Omni S | −0.036% | −0.1032% | 4h | $610K | $121K | — | as long as short |
| MEXC S_USDT | −0.028% | +0.0100% | 4h | $3.5M | $3.5M | 200x | as long as short |
| Lighter S | −0.002% | +0.0096% | 1h | $164K | $341K | 5x | as long as short |
| BloFin S-USDT | −0.002% | +0.0340% | 4h | $289K | $266K | 75x | as long as short |
| Reya SRUSDPERPlong | 0.000% | −0.0101% | 1h | $4 | — | 15x | |
| Hyperliquid S | +0.016% | +0.0100% | 1h | $1.1M | $1.5M | 5x | as long as short |
| Backpack S_USDC_PERPshort | +0.023% | +0.0100% | 1h | $114K | $218K | 5x | |
| Orderly PERP_S_USDC | +0.049% | −0.0199% | 4h | $103K | $331K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.100% | 0.0000% | 1h | $66K | $11K | 10x | as long as short |
| Aster SUSDT | +0.127% | −0.0114% | 4h | $45K | $263K | 10x | as long as short |
| gTrade (Gains Network) S/USD | +0.148% | L +0.0001% / S +0.0006% | 1h | $605 | — | 150x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.169% | L −0.0378% / S +0.0349% | 1h | $1K | — | 100x | as long as short |
| ApeX Omni SUSDT | +0.279% | +0.0100% | 1h | $24K | $503K | 50x | as long as short |
| Injective S/USDC PERP | +4.616% | +0.0033% | 1h | $2K | $161K | 12x | as long as short |