Funding you earn now, next payment 23:00 UTC−0.0112%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h +0.006%
Price spread now: Reya against Deribit+0.012%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7204 | −0.0028 | get 0.0003% / 1h | 19m 14s | $15K | $40K | 10x |
| Short | Reya VIRTUALRUSDPERP | 0.7205 | −0.0139 | pay 0.0017% / 1h | 19m 14s | $24 | — | 10x |
Deribit VIRTUAL_USDC-PERPETUAL
Reya VIRTUALRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Deribit. 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
- −$23.44
- Price spread: +0.012% → 0.000%
- $1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$35.28
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Reya: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Deribit and 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.
VIRTUAL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter VIRTUAL | −0.0152% | 1h | 0.7197 | −0.099% | $327K | $414K | 5x | as long as short |
| Reya VIRTUALRUSDPERPshort | −0.0139% | 1h | 0.7205 | +0.012% | $24 | — | 10x | |
| 01 Exchange VIRTUALUSD | −0.0120% | 1h | 0.7203 | −0.014% | $2K | $131 | 10x | as long as short |
| Phoenix VIRTUAL | −0.0045% | 1h | 0.7207 | +0.047% | $11K | $40K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUALlong | −0.0028% | 1h | 0.7204 | long leg | $15K | $40K | 10x | |
| gTrade (Gains Network) VIRTUAL/USD | L +0.0007% / S −0.0004% | 1h | 0.7208 | +0.050% | $13K | — | 150x | as long as short |
| Injective VIRTUAL/USDC PERP | +0.0033% | 1h | 0.7117 | −1.208% | $46 | $88K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.0093% | 4h | 0.7201 | −0.042% | $14K | $1.5M | 10x | as long as short |
| Hyperliquid VIRTUAL | +0.0100% | 1h | 0.7210 | +0.089% | $8.8M | $3.8M | 5x | as long as short |
| Aster VIRTUALUSDT | +0.0100% | 4h | 0.7207 | +0.047% | $197K | $88K | 20x | as long as short |
Lighter VIRTUAL
01 Exchange VIRTUALUSD
Phoenix VIRTUAL
gTrade (Gains Network) VIRTUAL/USD
Injective VIRTUAL/USDC PERP
Orderly PERP_VIRTUAL_USDC
Hyperliquid VIRTUAL
Aster VIRTUALUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica VIRTUAL | +0.0100% | 1h | 0.7207 | +0.039% | $72K | $44K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.0100% | 4h | 0.7201 | −0.043% | $16.4M | $37.7M | 75x | as long as short |
| Bybit VIRTUALUSDT | +0.0100% | 4h | 0.7198 | −0.083% | $15.6M | $15.8M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.0100% | 4h | 0.7197 | −0.097% | $2.8M | $9.2M | 20x | as long as short |
| Gate VIRTUAL_USDT | +0.0100% | 4h | 0.7203 | −0.014% | $1.5M | $2.9M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.0100% | 4h | 0.7200 | −0.056% | $17.3M | $4.2M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | +0.0100% | 4h | 0.7204 | 0.000% | $4.3M | $4.1M | 50x | as long as short |
| Bitget VIRTUALUSDT | +0.0100% | 4h | 0.7206 | +0.028% | $6.1M | $5.3M | 25x | as long as short |
| BingX VIRTUAL-USDT | +0.0100% | 4h | 0.7202 | −0.028% | — | $8.1M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.0100% | 1h | 0.7206 | +0.028% | $239K | $159K | 10x | as long as short |
| Variational Omni VIRTUAL | +0.0100% | 4h | 0.7202 | −0.026% | $527K | $877K | — | as long as short |
| edgeX VIRTUALUSDC | +0.0100% | 4h | 0.7208 | +0.053% | $19K | $257K | 10x | as long as short |
| GRVT VIRTUAL_USDT_Perp | +0.0100% | 4h | 0.7202 | −0.025% | $638K | $918K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.0100% | 1h | 0.7211 | +0.097% | $40K | $245K | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.0100% | 1h | 0.7210 | +0.085% | $29K | $882K | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.0100% | 4h | 0.7204 | 0.000% | $1K | $1.3M | 20x | as long as short |
| SoDEX VIRTUAL-USD | +0.0100% | 1h | 0.7200 | −0.058% | $1K | $9K | 5x | as long as short |
| Extended VIRTUAL-USD | +0.0104% | 1h | 0.7199 | −0.075% | $53K | $246K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.0104% | 1h | 0.7201 | −0.043% | $18K | $505 | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | L +0.0298% / S −0.0228% | 1h | 0.7208 | +0.054% | $30K | — | 100x | as long as short |
| BloFin VIRTUAL-USDT | +0.0340% | 4h | 0.7202 | −0.028% | $805K | $823K | 75x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | +0.0472% | 1h | 0.7225 | +0.292% | $197K | $96K | 50x | as long as short |
| Kraken Futures PF_VIRTUALUSD | +0.0508% | 1h | 0.7215 | +0.156% | $586K | $595K | 50x | as long as short |
Pacifica VIRTUAL
Binance VIRTUALUSDT
Bybit VIRTUALUSDT
OKX VIRTUAL-USDT-SWAP
Gate VIRTUAL_USDT
MEXC VIRTUAL_USDT
KuCoin VIRTUALUSDTM
Bitget VIRTUALUSDT
BingX VIRTUAL-USDT
Backpack VIRTUAL_USDC_PERP
Variational Omni VIRTUAL
edgeX VIRTUALUSDC
GRVT VIRTUAL_USDT_Perp
ApeX Omni VIRTUALUSDT
Polymarket Perps VIRTUAL-USD
SunX VIRTUAL-USDT
SoDEX VIRTUAL-USD
Extended VIRTUAL-USD
Aevo VIRTUAL-PERP
GMX VIRTUAL/USD [WBTC.b-USDC]
BloFin VIRTUAL-USDT
Coinbase International VIRTUAL-PERP-INTX
Kraken Futures PF_VIRTUALUSD