Funding you earn now, next payment 06:00 UTC+0.0135%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%
Price spread now: Injective against Reya+2.876%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
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 2.876% dearer against Reya than usual: you sell high and buy low: +$288 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 | 0.03985 | −0.0101 | get 0.0013% / 1h | 30m 37s | $4 | — | 15x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 30m 37s | $2K | $37K | 12x |
Reya SRUSDPERP
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $28.25
- Price spread: +2.876% → 0.000%
- $287.57
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $309.8
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Injective: 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 Injective no order-book sample | — | — | — | — | — |
Reya and Injective: 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 | −0.8920% | 1h | 0.03840 | −3.648% | $24K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1825% | 1h | 0.03985 | −0.018% | $35K | $16K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1232% | 1h | 0.03961 | −0.612% | $48K | $18K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03986 | +0.003% | $1K | — | 100x | as long as short |
| Variational Omni S | −0.0140% | 4h | 0.03978 | −0.176% | $617K | $28K | — | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.03985 | long leg | $4 | — | 15x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03987 | +0.033% | $614 | — | 150x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +2.876% | $2K | $37K | 12x | |
| Orderly PERP_S_USDC | +0.0083% | 4h | 0.03987 | +0.040% | $99K | $519K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03985 | −0.010% | $169K | $139K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Variational Omni S
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.03986 | +0.010% | $1.0M | $594K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03987 | +0.046% | $46K | $142K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03981 | −0.110% | $5.7M | $13.8M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03975 | −0.261% | $5.7M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03978 | −0.186% | $998K | $3.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03982 | −0.085% | $324K | $185K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03981 | −0.110% | $3.6M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03984 | −0.035% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03982 | −0.085% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03979 | −0.160% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03980 | −0.135% | $24K | $484K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03978 | −0.175% | $224K | $593K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03990 | +0.116% | $270K | $108K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.1004% | 1h | 0.03991 | +0.141% | $67K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.2144% | 1h | 0.04000 | +0.367% | $116K | $426K | 5x | as long as short |
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
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP