Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.9% APRpaid last 24h +0.032%

Price spread now: Reya against Binance−0.089%55s7-day average −0.027% · you buy dearer than you sell

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

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.089%, 7d avg −0.027%

Together, before fees+0.194%+ Points / potential airdropReya: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.062% cheaper against Binance than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.027%). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$4 a day). The two prices were read 55 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	Binance XRPUSDT	1.5123	0.0100	pay 0.0100% / 8h	2h 52m	$532.0M	$2.18B	100x
Short	Reya XRPRUSDPERP	1.5109	0.0217	get 0.0027% / 1h	52m 33s	$1.3M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.089%Rate

Funding earned: $24.66
Price spread: −0.089% → −0.027%: −$6.18
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.48
Costs to cover: 0.160%
Break-even: 6.3 days

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	11.8 bp −$1,177	29.6 bp −$14.8K
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	1.5117	−0.037%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5114	−0.057%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5118	−0.032%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−0.017%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5117	−0.037%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	−0.099%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.892%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5127	+0.029%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5108	−0.095%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5120	−0.014%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5121	−0.011%	$497K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5118	−0.031%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5113	−0.060%	$941K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5127	+0.029%	$291.0M	$257.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5122	−0.007%	$38.7M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5122	−0.002%	$606K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5123	long leg	$532.0M	$2.18B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5123	+0.003%	$342.2M	$949.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5123	+0.003%	$125.3M	$888.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	+0.009%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5130	+0.049%	$137K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.058%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5125	+0.016%	$372.5M	$155.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5123	+0.003%	$294.5M	$904.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5118	−0.030%	$107.8M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5124	+0.009%	$268.5M	$392.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5120	−0.017%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.107%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.065%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.099%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.161%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5109	−0.090%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	−0.070%	$50K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.078%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5109	−0.090%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5108	−0.097%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5113	−0.060%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	−0.064%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5113	−0.066%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5118	−0.031%	$53.9M	$31.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5125	+0.019%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5121	−0.012%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5110	−0.083%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0159%	8h	1.5113	−0.064%	$1.8M	$35.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5125	+0.016%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5116	−0.044%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0217%	1h	1.5109	−0.089%	$1.3M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5115	−0.050%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5109	−0.087%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5129	+0.039%	$516K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5120	−0.020%	$2K	$15K	10x	as long as short