Settings8H · net · $10k
Funding arb · Price arb /

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: gTrade (Gains Network) against Reya+0.085%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.085% dearer against Reya than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya SRUSDPERP0.04082−0.0101get 0.0013% / 1h16m 43s$415x
ShortgTrade (Gains Network) S/USD0.04085L +0.0001% / S +0.0006%pay 0.0001% / 1h16m 43s$2K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
$19.97
Price spread: +0.085% → 0.000%
$8.46
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$12.43
Costs to cover
0.160%
Break-even
2.6 days
Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell gTrade (Gains Network) no order-book sample
Reya and gTrade (Gains Network): 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 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.8528%1h0.03940−3.467%$24K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1464%1h0.04022−1.458%$48K$16K25xas long as short
Kraken Futures PF_SUSD−0.1240%1h0.04086+0.119%$34K$16K10xas long as short
Variational Omni S−0.0438%4h0.04078−0.080%$635K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04086+0.110%$1K100xas long as short
Reya SRUSDPERPlong−0.0101%1h0.04082long leg$415x
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.04085+0.085%$2K150x
Injective S/USDC PERP+0.0033%1h0.04100+0.453%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0051%4h0.04088+0.159%$103K$332K10xas long as short
Lighter S+0.0096%1h0.04090+0.208%$169K$167K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04090+0.208%$1.0M$570K5xas long as short
Aster SUSDT+0.0100%4h0.04085+0.097%$45K$134K10xas long as short
Binance SUSDT+0.0100%4h0.04088+0.156%$5.7M$14.8M75xas long as short
Bybit SUSDT+0.0100%4h0.04081−0.013%$5.8M$4.7M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04085+0.085%$1.0M$4.2M20xas long as short
Gate S_USDT+0.0100%4h0.04082+0.012%$336K$205K50xas long as short
MEXC S_USDT+0.0100%4h0.04086+0.110%$4.0M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04087+0.134%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04088+0.159%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.04084+0.061%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04080−0.037%$26K$444K50xas long as short
Extended S-USD+0.0104%1h0.04085+0.090%$232K$1.1M10xas long as short
Deribit S_USDC-PERPETUAL+0.0728%1h0.04094+0.306%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1017%1h0.04100+0.453%$119K$349K5xas long as short