S

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0595%/8h= +65.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.048%

Price spread now: Deribit against Reya+0.159%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 Deribit

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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Deribit is 0.159% dearer against Reya than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SRUSDPERP	0.04029	−0.0101	get 0.0013% / 1h	2m 09s	$4	—	15x
Short	Deribit S_USDC-PERPETUAL	0.04035	0.0494	get 0.0062% / 1h	2m 09s	$68K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.159%Rate

Funding earned: $125
Price spread: +0.159% → 0.000%: $15.89
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $127.9
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Deribit: 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 Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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
01 Exchange SUSD	−0.7584%	1h	0.03950	−1.951%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2393%	1h	0.04029	+0.018%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1120%	1h	0.03961	−1.678%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04032	+0.092%	$1K	—	100x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.04029	long leg	$4	—	15x
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04032	+0.082%	$621	—	150x	as long as short
Variational Omni S	+0.0010%	4h	0.04022	−0.156%	$625K	$22K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.772%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0086%	4h	0.04033	+0.109%	$100K	$588K	10x	as long as short
Lighter S	+0.0096%	1h	0.04035	+0.159%	$172K	$139K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04032	+0.075%	$1.0M	$579K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04032	+0.095%	$48K	$110K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04030	+0.035%	$5.7M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04025	−0.089%	$5.7M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04028	−0.015%	$1.0M	$3.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04025	−0.089%	$327K	$179K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04031	+0.060%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04026	−0.064%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04031	+0.060%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04029	+0.010%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04030	+0.035%	$23K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04028	−0.024%	$227K	$563K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04034	+0.134%	$280K	$115K	75x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0494%	1h	0.04035	+0.159%	$68K	$10K	10x
Backpack S_USDC_PERP	+0.1756%	1h	0.04040	+0.283%	$117K	$426K	5x	as long as short