Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.031%

Price spread now: Aster against Reya+0.040%7-day average +0.029% · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.040%, 7d avg +0.029%

Together, before fees−0.138%+ Points / potential airdropReya: Active · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, 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	Reya XRPRUSDPERP	1.5199	0.0214	pay 0.0027% / 1h	26m 00s	$1.3M	$7K	15x
Short	Aster XRPUSDT	1.5205	0.0100	get 0.0100% / 8h	6h 26m	$38.7M	$84.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$23.95
Price spread: +0.040% → +0.029%: $1.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.78
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.33 bp	4.3 bp −$4	5.3 bp −$53	13.3 bp −$1,326	doesn't fit

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 50 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	1.5184	−0.096%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5182	−0.108%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.254%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5197	−0.011%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	−0.012%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.377%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5203	+0.027%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5203	+0.029%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5204	+0.037%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5206	+0.048%	$518K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5188	−0.070%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5192	−0.041%	$890K	$5.9M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5205	+0.040%	$38.7M	$84.1M	100x
Pacifica XRP	+0.0100%	1h	1.5193	−0.038%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	+0.028%	$539.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5203	+0.029%	$342.4M	$940.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	+0.015%	$124.8M	$874.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.162%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5199	+0.002%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.060%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5205	+0.042%	$369.9M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5202	+0.022%	$292.2M	$912.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5206	+0.045%	$107.4M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5198	−0.004%	$266.5M	$383.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5205	+0.042%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	+0.002%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	−0.228%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	−0.228%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.129%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5195	−0.025%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.009%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5202	+0.019%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.049%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	+0.075%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	+0.029%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5207	+0.053%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	+0.022%	$54.1M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5195	−0.024%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5195	−0.022%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5201	+0.018%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5201	+0.015%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5206	+0.048%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERPlong	+0.0214%	1h	1.5199	long leg	$1.3M	$7K	15x
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5210	+0.075%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5216	+0.114%	$281.5M	$223.4M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	−0.160%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5199	+0.002%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5215	+0.108%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5201	+0.014%	$536K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0752%	1h	1.5164	−0.226%	$2K	$14K	10x	as long as short