Funding you earn now, next payment 22:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.051%
Price spread now: Reya against GRVT−0.231%7-day average −0.041% · 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)+0.123%+$12 on $10k
+Price spread, last 7 days+0.212%+$21 · spread now −0.231%, 7d avg −0.041%
=Together, before fees+0.335%+ Points / potential airdropGRVT: Active · Reya: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.190% cheaper against GRVT than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.041%). If the spread goes back, that is −$19 on $10k: about 5.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT XRP_USDT_Perp | 1.5471 | 0.0100 | pay 0.0100% / 8h | 2h 08m | $1.1M | $41.5M | 20x |
| Short | Reya XRPRUSDPERP | 1.5436 | 0.0211 | get 0.0026% / 1h | 8m 51s | $1.4M | $9K | 15x |
GRVT XRP_USDT_Perp
Reya XRPRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against GRVT. 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
- $23.26
- Price spread: −0.231% → −0.041%
- −$18.99
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$10.72
- Costs to cover
- 0.150%
- Break-even
- 10.2 days
Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 0.32 bp | 7.2 bp −$7 | 10.3 bp −$103 | 51.8 bp −$5,181 | 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 | 1.5477 | +0.037% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5451 | −0.133% | $1.1M | $101K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5450 | −0.138% | $69K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5433 | −0.247% | $9.4M | $24.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5432 | −0.253% | $258K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | −1.172% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0047% | 8h | 1.5438 | −0.215% | $80K | $933K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0075% / S +0.0169% | 1h | 1.5431 | −0.258% | $909K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5424 | −0.304% | $3.0M | $11.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5422 | −0.318% | $446K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5442 | −0.186% | $1.1M | $5.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5414 | −0.368% | $39.3M | $73.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5447 | −0.157% | $675K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5418 | −0.342% | $554.7M | $1.87B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5416 | −0.357% | $346.7M | $852.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5430 | −0.267% | $126.0M | $848.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5427 | −0.286% | $574K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5449 | −0.144% | $120K | $686K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5472 | +0.002% | $1.7M | $470K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5404 | −0.435% | $367.8M | $133.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5402 | −0.448% | $293.0M | $820.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5406 | −0.421% | $112.1M | $149.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5429 | −0.273% | $267.3M | $346.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5421 | −0.325% | — | $114.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5487 | +0.102% | $6.7M | $24.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5464 | −0.049% | $671K | $95.8M | 30x | as long as short |
| GRVT XRP_USDT_Perplong | +0.0100% | 8h | 1.5471 | long leg | $1.1M | $41.5M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5489 | +0.115% | $1.0M | $878K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5442 | −0.189% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5445 | −0.170% | $50K | $468K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5435 | −0.235% | $42K | $60K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5432 | −0.255% | $831K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5450 | −0.135% | $129K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5429 | −0.273% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5420 | −0.329% | $50.8M | $14.9M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5415 | −0.364% | $55.1M | $28.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5443 | −0.180% | $481K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5443 | −0.183% | $12K | $239K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5402 | −0.448% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5431 | −0.258% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5450 | −0.138% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0169% | 1h | 1.5427 | −0.286% | $15.7M | $65.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5440 | −0.202% | $5.6M | $45.0M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0200% | 1h | 1.5421 | −0.325% | $1.8M | $953K | 25x | as long as short |
| Reya XRPRUSDPERPshort | +0.0211% | 1h | 1.5436 | −0.231% | $1.4M | $9K | 15x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5429 | −0.273% | $24.2M | $68.5M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0296% | 1h | 1.5481 | +0.063% | $19K | $66K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0299% | 8h | 1.5457 | −0.092% | $1.8M | $32.0M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5453 | −0.116% | $406K | $499K | 10x | as long as short |
| Hyperliquid XRP | +0.0507% | 1h | 1.5447 | −0.157% | $284.6M | $190.3M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0532% | 1h | 1.5450 | −0.140% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD