XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0113%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.031%

Price spread now: Bulk against Reya−0.179%7-day average +0.033% · you buy dearer than you sell

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

Long on Reya Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.104%−$10 on $10k

Price spread, last 7 days+0.192%+$19 · spread now −0.179%, 7d avg +0.033%

Together, before fees+0.089%+ Points / potential airdropReya: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bulk is 0.212% cheaper against Reya than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5364	0.0213	pay 0.0027% / 1h	56m 21s	$1.4M	$7K	15x
Short	Bulk XRP-USD	1.5337	0.0100	get 0.0013% / 1h	56m 21s	$1.7M	$565K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$23.68
Price spread: −0.179% → +0.033%: −$21.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$57.89
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bulk: 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 Bulk live order book, 3 min ago	0.65 bp	4.2 bp −$4	5.8 bp −$58	12.7 bp −$1,270	28.4 bp −$14.2K

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	1.5390	+0.166%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5379	+0.098%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.094%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5369	+0.032%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0088%	1h	1.5366	+0.012%	$843K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.273%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5372	+0.049%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5383	+0.121%	$9.3M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5382	+0.113%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5389	+0.160%	$514K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XRPUSD	+0.0096%	1h	1.5382	+0.114%	$8K	$8K	10x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5379	+0.095%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5372	+0.048%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5375	+0.070%	$38.9M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5386	+0.140%	$636K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5385	+0.134%	$541.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5383	+0.121%	$341.1M	$932.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5382	+0.114%	$125.5M	$887.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.166%	$572K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5380	+0.101%	$116K	$707K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5337	−0.179%	$1.7M	$565K	20x
Gate XRP_USDT	+0.0100%	8h	1.5372	+0.049%	$374.7M	$147.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5373	+0.056%	$300.5M	$889.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5373	+0.057%	$109.9M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5372	+0.049%	$269.5M	$378.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5372	+0.049%	—	$123.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5388	+0.156%	$6.5M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.048%	$667K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.029%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.081%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5368	+0.021%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5376	+0.075%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5368	+0.023%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5376	+0.076%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5375	+0.067%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5379	+0.095%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5372	+0.046%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5385	+0.134%	$54.7M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5377	+0.083%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5378	+0.085%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5371	+0.043%	$55K	$18K	3x	as long as short
Reya XRPRUSDPERPlong	+0.0213%	1h	1.5364	long leg	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5390	+0.166%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5388	+0.153%	$5.8M	$47.0M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5383	+0.118%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.133%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5390	+0.166%	$2.1M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0318%	1h	1.5401	+0.238%	$1.7M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0555%	1h	1.5395	+0.199%	$291.9M	$217.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0776%	1h	1.5361	−0.022%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5383	+0.123%	$513K	$753K	10x	as long as short