Funding you earn now, next payment 00:00 UTC−0.2030%/8h= −222.3% APRnext payment −$2.54 per $10,000 · paid last 24h −0.421%
Price spread now: Kraken Futures against Reya−0.018%7-day average — · you buy dearer than you sell
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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$61 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SRUSDPERP | 0.03914 | −0.0101 | get 0.0013% / 1h | 40m 10s | $4 | — | 15x |
| Short | Kraken Futures PF_SUSD | 0.03913 | −0.2131 | pay 0.0266% / 1h | 40m 10s | $33K | $25K | 10x |
Reya SRUSDPERP
Kraken Futures PF_SUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$426.29
- Price spread: −0.018% → 0.000%
- −$1.82
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$444.11
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample | — | — | — | — | — |
Reya and Kraken Futures: 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 | −0.6688% | 1h | 0.03850 | −1.636% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSDshort | −0.2131% | 1h | 0.03913 | −0.018% | $33K | $25K | 10x | |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.249% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0972% | 4h | 0.03918 | +0.102% | $609K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0201% / S +0.0194% | 1h | 0.03917 | +0.076% | $1K | — | 100x | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.03914 | long leg | $4 | — | 15x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03917 | +0.078% | $604 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0005% | 1h | 0.03919 | +0.127% | $66K | $10K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.0032% | 4h | 0.03914 | −0.001% | $100K | $341K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.751% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
gTrade (Gains Network) S/USD
Deribit S_USDC-PERPETUAL
Orderly PERP_S_USDC
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03919 | +0.127% | $164K | $217K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.03915 | +0.027% | $981K | $701K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.03925 | +0.286% | $43K | $145K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03915 | +0.025% | $5.4M | $17.4M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03907 | −0.180% | $5.6M | $5.3M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03914 | −0.001% | $979K | $5.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03909 | −0.129% | $319K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03915 | +0.025% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03914 | −0.001% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03914 | −0.001% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03912 | −0.052% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03930 | +0.408% | $25K | $453K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03913 | −0.025% | $221K | $877K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03926 | +0.306% | $266K | $126K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0469% | 1h | 0.03920 | +0.152% | $114K | $311K | 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