Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.031%

Price spread now: Reya against Gate−0.037%7-day average −0.024% · you buy dearer than you sell

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

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.037%, 7d avg −0.024%

Together, before fees+0.126%+ Points / potential airdropReya: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, 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	Gate XRP_USDT	1.5350	0.0100	pay 0.0100% / 8h	7h 08m	$374.9M	$151.8M	100x
Short	Reya XRPRUSDPERP	1.5344	0.0213	get 0.0027% / 1h	8m 10s	$1.4M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.037%Rate

Funding earned: $23.82
Price spread: −0.037% → −0.024%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.53
Costs to cover: 0.210%
Break-even: 6.5 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	0.33 bp	11.0 bp −$11	14.9 bp −$149	25.1 bp −$2,511	34.5 bp −$17.3K
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	1.5366	+0.104%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5342	−0.055%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5348	−0.015%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0073%	1h	1.5347	−0.021%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.368%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5351	+0.007%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5339	−0.072%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5355	+0.033%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5357	+0.046%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5338	−0.078%	$9K	$281K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5333	−0.113%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	−0.121%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5345	−0.031%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5342	−0.055%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5356	+0.039%	$542.5M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5350	0.000%	$341.9M	$919.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5346	−0.026%	$124.6M	$867.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5322	−0.182%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5338	−0.078%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.492%	$1.6M	$378K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5350	long leg	$374.9M	$151.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5346	−0.026%	$305.1M	$915.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5353	+0.021%	$111.1M	$166.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5347	−0.020%	$269.2M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5341	−0.059%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5354	+0.026%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	+0.064%	$667K	$106.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5362	+0.078%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5376	+0.169%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.016%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5347	−0.020%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5349	−0.005%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5353	+0.018%	$826K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5356	+0.042%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5352	+0.013%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5357	+0.048%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5356	+0.039%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5347	−0.019%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.006%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5353	+0.020%	$9.3M	$24.9M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0213%	1h	1.5344	−0.037%	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5359	+0.059%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5358	+0.052%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5355	+0.031%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0311%	1h	1.5356	+0.039%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5374	+0.157%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5352	+0.013%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0377%	1h	1.5358	+0.052%	$290.3M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.065%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5341	−0.059%	$543K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0838%	1h	1.5354	+0.026%	$2K	$13K	10x	as long as short