Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.031%

Price spread now: Gate against Reya+0.018%7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.018%, 7d avg +0.024%

Together, before fees−0.106%+ Points / potential airdropReya: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, 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	1.5372	0.0213	pay 0.0027% / 1h	10m 14s	$1.4M	$7K	15x
Short	Gate XRP_USDT	1.5375	0.0100	get 0.0100% / 8h	7h 10m	$375.7M	$151.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$23.82
Price spread: +0.018% → +0.024%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.48
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	0.32 bp	9.1 bp −$9	11.1 bp −$111	26.0 bp −$2,605	39.6 bp −$19.8K

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	1.5383	+0.070%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5372	−0.002%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5375	+0.015%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0073%	1h	1.5372	0.000%	$843K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.221%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5374	+0.011%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5377	+0.031%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5368	−0.028%	$9.3M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5368	−0.028%	$2.9M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5383	+0.070%	$516K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5365	−0.048%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5379	+0.046%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5382	+0.066%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5371	−0.009%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5383	+0.070%	$636K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5377	+0.032%	$543.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5373	+0.004%	$342.3M	$918.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5373	+0.004%	$124.9M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5366	−0.041%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5372	−0.002%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.636%	$1.6M	$378K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5375	+0.018%	$375.7M	$151.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5377	+0.031%	$307.0M	$913.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5376	+0.026%	$111.3M	$166.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5360	−0.080%	$269.5M	$374.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5368	−0.028%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5354	−0.119%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.093%	$668K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5362	−0.067%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5374	+0.011%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5369	−0.023%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5376	+0.024%	$47K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5376	+0.022%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5374	+0.013%	$828K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5380	+0.053%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5363	−0.061%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5352	−0.134%	$50.3M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5371	−0.009%	$54.7M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5357	−0.100%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5366	−0.043%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERPlong	+0.0213%	1h	1.5372	long leg	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5355	−0.113%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5368	−0.028%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5365	−0.047%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0308%	1h	1.5360	−0.080%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5361	−0.072%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5370	−0.015%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0384%	1h	1.5388	+0.102%	$290.8M	$215.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5380	+0.050%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5380	+0.050%	$544K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0837%	1h	1.5369	−0.023%	$2K	$13K	10x	as long as short