Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.6% APRpaid last 24h +0.032%

Price spread now: Reya against Aster−0.051%46s7-day average −0.029% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.116%+$12 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.051%, 7d avg −0.029%

Together, before fees+0.155%+ Points / potential airdropAster: Stage 5 · Reya: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.029%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5124	0.0100	pay 0.0100% / 8h	4h 46m	$38.3M	$83.3M	100x
Short	Reya XRPRUSDPERP	1.5116	0.0216	get 0.0027% / 1h	46m 45s	$1.3M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.051%Rate

Funding earned: $24.26
Price spread: −0.051% → −0.029%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.03
Costs to cover: 0.140%
Break-even: 4.7 days

Slippage unknown: Aster: live order book, 2 min ago; 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 Aster live order book, 2 min ago	0.99 bp	5.0 bp −$5	5.1 bp −$51	13.7 bp −$1,373	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

XRP on 51 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
Hotstuff XRP-PERP	−0.0080%	1h	1.5106	−0.119%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5110	−0.095%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5125	+0.008%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−0.026%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5113	−0.073%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5116	−0.051%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.883%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0038% / S +0.0032%	1h	1.5119	−0.034%	$787K	—	200x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5137	+0.086%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5114	−0.066%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5125	+0.010%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5136	+0.080%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5118	−0.039%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5118	−0.036%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5126	+0.013%	$280.8M	$224.8M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5124	long leg	$38.3M	$83.3M	100x
Pacifica XRP	+0.0100%	1h	1.5133	+0.058%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5134	+0.066%	$533.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	+0.047%	$344.4M	$931.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	+0.047%	$125.5M	$873.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5108	−0.106%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5114	−0.066%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.267%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5129	+0.033%	$369.1M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5131	+0.047%	$296.9M	$895.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5118	−0.041%	$107.8M	$173.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5127	+0.020%	$267.4M	$383.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5130	+0.040%	—	$126.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	+0.032%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5107	−0.112%	$656K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	−0.080%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5111	−0.086%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5117	−0.046%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	+0.040%	$42K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5120	−0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5115	−0.060%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5123	−0.010%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5112	−0.079%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5117	−0.047%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5120	−0.026%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5131	+0.049%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	+0.004%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5108	−0.106%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0149%	1h	1.5131	+0.047%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5109	−0.099%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5119	−0.033%	$5.6M	$47.0M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0216%	1h	1.5116	−0.051%	$1.3M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5111	−0.086%	$24.2M	$75.8M	125x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5120	−0.026%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5131	+0.046%	$515K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5133	+0.058%	$2K	$15K	10x	as long as short