Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.005%

Price spread now: BloFin against Reya+0.394%286s7-day average +0.024% · you sell dearer than you buy

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

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.450%−$45 · spread now +0.394%, 7d avg +0.024%

Together, before fees−0.451%+ Points / potential airdropReya: Active · farm board−$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.370% dearer against Reya than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 286 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	Reya XRPRUSDPERP	1.5133	0.0214	pay 0.0027% / 1h	44m 10s	$1.3M	$7K	15x
Short	BloFin XRP-USDT	1.5193	0.0220	get 0.0220% / 8h	6h 44m	$24.0M	$75.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.394%Rate

Funding earned: $1.3
Price spread: +0.394% → +0.024%: $37.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.34
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.99 bp	7.3 bp −$7	7.9 bp −$79	13.6 bp −$1,361	27.4 bp −$13.7K

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	1.5152	+0.123%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5135	+0.010%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.176%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	+0.092%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0065%	1h	1.5141	+0.048%	$830K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.819%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5148	+0.095%	$14.6M	$72.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5156	+0.150%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.136%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5157	+0.156%	$518K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5156	+0.150%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5151	+0.120%	$877K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5140	+0.043%	$38.3M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5140	+0.044%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5156	+0.149%	$536.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5153	+0.130%	$337.7M	$938.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	+0.136%	$123.8M	$871.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5157	+0.156%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.110%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.327%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5154	+0.136%	$368.0M	$150.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5155	+0.143%	$292.7M	$899.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	+0.130%	$108.4M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5152	+0.123%	$264.8M	$384.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5150	+0.110%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.144%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5178	+0.296%	$660K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.487%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5185	+0.341%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5149	+0.103%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.143%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5145	+0.074%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5159	+0.167%	$816K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	+0.115%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5153	+0.130%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5153	+0.129%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5155	+0.143%	$53.8M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5143	+0.064%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5155	+0.141%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	+0.146%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5154	+0.136%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5160	+0.176%	$9.0M	$25.0M	50x	as long as short
Hyperliquid XRP	+0.0175%	1h	1.5164	+0.203%	$280.5M	$223.2M	20x	as long as short
Reya XRPRUSDPERPlong	+0.0214%	1h	1.5133	long leg	$1.3M	$7K	15x
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5156	+0.150%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5193	+0.394%	$24.0M	$75.2M	125x
Hibachi XRP/USDT-P	+0.0328%	1h	1.5141	+0.054%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0335%	8h	1.5152	+0.123%	$2.1M	$36.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0355%	1h	1.5164	+0.203%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5151	+0.120%	$536K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0801%	1h	1.5166	+0.214%	$2K	$14K	10x	as long as short