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 KuCoin+0.134%7-day average −0.034% · you sell dearer than you buy

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.126%+$13 on $10k

Price spread, last 7 days−0.155%−$16 · spread now +0.134%, 7d avg −0.034%

Together, before fees−0.029%+ Points / potential airdropReya: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.167% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5107	0.0100	pay 0.0100% / 8h	2h 49m	$107.8M	$179.5M	75x
Short	Reya XRPRUSDPERP	1.5128	0.0217	get 0.0027% / 1h	49m 51s	$1.3M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now +0.134%Rate

Funding earned: $24.67
Price spread: +0.134% → −0.034%: $16.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $23.38
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.03 bp	9.0 bp −$9	11.6 bp −$116	30.0 bp −$2,997	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	1.5130	+0.150%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5106	−0.011%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5127	+0.131%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	+0.083%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5114	+0.044%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5119	+0.079%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.996%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5138	+0.203%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5121	+0.093%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5108	+0.001%	$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	1.5107	−0.003%	$496K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5129	+0.143%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5130	+0.146%	$939K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5117	+0.064%	$290.7M	$258.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5109	+0.011%	$38.7M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5135	+0.183%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5107	−0.003%	$531.5M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5109	+0.011%	$342.2M	$950.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5110	+0.017%	$125.1M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5107	−0.003%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	+0.236%	$137K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	+0.043%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5108	+0.004%	$372.2M	$155.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5108	+0.004%	$295.7M	$904.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5107	long leg	$107.8M	$179.5M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5109	+0.011%	$268.3M	$392.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5105	−0.016%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	+0.135%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5106	−0.010%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5121	+0.088%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	+0.017%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5138	+0.203%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5121	+0.088%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5116	+0.057%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	+0.045%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5141	+0.225%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5107	−0.003%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5115	+0.048%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5107	−0.003%	$53.8M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	+0.188%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.152%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5105	−0.013%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5110	+0.017%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0152%	8h	1.5136	+0.189%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5115	+0.050%	$5.7M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0202%	1h	1.5115	+0.050%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERPshort	+0.0217%	1h	1.5128	+0.134%	$1.3M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5130	+0.150%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5125	+0.117%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5141	+0.225%	$516K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0624%	1h	1.5126	+0.121%	$2K	$15K	10x	as long as short