Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0269%/8h= −29.4% APRnext payment $0.34 per $10,000 · paid last 24h −0.086%
Price spread now: Reya against RISEx−0.085%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.193%−$19 on $10k
Price spread, last 4 days (all we have)+1.735%+$173 · spread now −0.085%, 7d avg −0.034%
Together, before fees+1.541%+ Points / potential airdropReya: Active · farm board+$154 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Reya is 0.051% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.52070.0484pay 0.0060% / 1h30m 07s$518K$776K10x
ShortReya XRPRUSDPERP1.51940.0215get 0.0027% / 1h30m 07s$1.3M$7K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against RISEx. 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

Funding earned
−$56.45
Price spread: −0.085% → −0.034%
−$5.11
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Reya: 3 bp × 2 orders
−$6
Net
−$73.56
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 33 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 33 min ago0.73 bp3.7 bp −$48.7 bp −$87doesn't fitdoesn't fit
Sell Reya no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5193−0.091%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5209+0.017%$1.1M$110K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5195−0.079%$254K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.322%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0034% / S +0.0043%1h1.5196−0.069%$821K200xas long as short
01 Exchange XRPUSD+0.0072%1h1.5201−0.038%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0075%8h1.5196−0.071%$62K$935K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0079%1h1.5204−0.019%$7.7M$25.3M50xas long as short
Lighter XRP+0.0096%1h1.5200−0.045%$2.8M$14.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5203−0.025%$513K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5194−0.085%$10K$308K20xas long as short
Nado XRP-PERP+0.0100%1h1.5203−0.022%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5210+0.021%$281.9M$221.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5199−0.050%$38.5M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5212+0.034%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5198−0.058%$538.8M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5200−0.045%$345.1M$927.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5203−0.025%$126.1M$870.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5156−0.334%$565K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5205−0.012%$115K$707K20xas long as short
Bulk XRP-USD+0.0100%1h1.5156−0.333%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5198−0.058%$370.5M$152.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5198−0.058%$293.2M$898.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5200−0.045%$107.9M$171.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5198−0.058%$268.2M$380.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5201−0.038%$126.1Mas long as short
Variational Omni XRP+0.0100%8h1.5198−0.056%$5.8M$36.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5177−0.199%$659K$109.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5189−0.118%$1.1M$35.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5161−0.302%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5201−0.036%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5202−0.032%$43K$449K20xas long as short
Bullet XRP-USD+0.0100%1h1.5199−0.052%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5197−0.064%$818K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5207−0.002%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5201−0.038%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5202−0.035%$49.8M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5202−0.032%$54.1M$30.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5205−0.010%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5196−0.070%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5198−0.058%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0207%1h1.5208+0.008%$1.9M$1.3M25xas long as short
Reya XRPRUSDPERPshort+0.0215%1h1.5194−0.085%$1.3M$7K15x
Coinbase International XRP-PERP-INTX+0.0216%1h1.5202−0.032%$5.6M$46.6M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5209+0.014%$24.2M$75.2M125xas long as short
Hibachi XRP/USDT-P+0.0248%1h1.5197−0.063%$17K$82K7xas long as short
Kraken Futures PF_XRPUSD+0.0272%1h1.5199−0.053%$14.5M$73.1M50xas long as short
Kalshi KXXRPPERP+0.0354%8h1.5217+0.067%$2.2M$34.9M2.9xas long as short
RISEx XRP/USDClong+0.0484%1h1.5207long leg$518K$776K10x
Phoenix XRP+0.0528%1h1.5190−0.111%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0681%1h1.5178−0.188%$2K$14K10xas long as short