Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.032%

Price spread now: KuCoin against Reya+0.050%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 Reya Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.132%−$13 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.050%, 7d avg +0.034%

Together, before fees−0.151%+ Points / potential airdropReya: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$4 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	1.5219	0.0219	pay 0.0027% / 1h	14m 14s	$1.3M	$5K	15x
Short	KuCoin XRPUSDTM	1.5227	0.0100	get 0.0100% / 8h	1h 14m	$107.8M	$182.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$25.03
Price spread: +0.050% → +0.034%: $1.57
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: 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 KuCoin live order book, 5 min ago	0.03 bp	8.2 bp −$8	15.9 bp −$159	50.2 bp −$5,023	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	1.5233	+0.091%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	+0.033%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.268%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5227	+0.054%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5230	+0.071%	$7.9M	$24.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5225	+0.038%	$14.5M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.240%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0089% / S −0.0042%	1h	1.5223	+0.023%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5228	+0.058%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5228	+0.058%	$547K	$3.2M	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	+0.0099%	8h	1.5222	+0.019%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5234	+0.101%	$996K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5226	+0.045%	$38.6M	$87.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5234	+0.099%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5225	+0.041%	$534.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5222	+0.019%	$349.0M	$966.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5226	+0.045%	$127.9M	$882.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5239	+0.131%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.098%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5224	+0.032%	$378.0M	$161.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5226	+0.045%	$311.5M	$931.6M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5227	+0.050%	$107.8M	$182.7M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5223	+0.025%	$269.1M	$396.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5223	+0.025%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5233	+0.090%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5248	+0.191%	$664K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	+0.135%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5258	+0.255%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5230	+0.074%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5227	+0.052%	$64K	$492K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5227	+0.052%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	+0.045%	$75K	$695K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5230	+0.069%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	+0.039%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5231	+0.078%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5227	+0.052%	$54.5M	$32.6M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.086%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5240	+0.139%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5220	+0.006%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5225	+0.040%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5228	+0.058%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5239	+0.130%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5233	+0.091%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5234	+0.098%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0215%	1h	1.5239	+0.133%	$290.2M	$265.9M	20x	as long as short
Reya XRPRUSDPERPlong	+0.0219%	1h	1.5219	long leg	$1.3M	$5K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5234	+0.098%	$23.6M	$78.3M	125x	as long as short
Kalshi KXXRPPERP	+0.0223%	8h	1.5233	+0.091%	$1.8M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5232	+0.084%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0663%	1h	1.5235	+0.103%	$2K	$16K	10x	as long as short