Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.032%

Price spread now: Reya against SunX−0.007%7-day average −0.036% · you buy dearer than you sell

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.007%, 7d avg −0.036%

Together, before fees+0.201%+ Points / potential airdropReya: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.030% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5099	0.0100	pay 0.0100% / 8h	2h 13m	$127K	$1.8M	30x
Short	Reya XRPRUSDPERP	1.5098	0.0218	get 0.0027% / 1h	13m 51s	$1.3M	$5K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.007%Rate

Funding earned: $24.81
Price spread: −0.007% → −0.036%: $2.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.76
Costs to cover: 0.140%
Break-even: 3.1 days

Slippage unknown: SunX: live order book, 12 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 12 min ago	14.27 bp	24.2 bp −$24	29.1 bp −$291	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5085	−0.095%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5118	+0.124%	$14.2M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5088	−0.075%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.062%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5102	+0.019%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.051%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0016%	1h	1.5101	+0.012%	$796K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5099	−0.002%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5119	+0.132%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5119	+0.130%	$546K	$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	+0.0099%	8h	1.5090	−0.062%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5098	−0.005%	$977K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5116	+0.111%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5097	−0.018%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5115	+0.103%	$525.7M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5114	+0.097%	$343.7M	$965.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5114	+0.097%	$126.4M	$885.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−0.075%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5103	+0.025%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.482%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5119	+0.130%	$371.7M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5118	+0.124%	$296.4M	$925.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5119	+0.128%	$106.7M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5114	+0.097%	$265.4M	$398.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5112	+0.084%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.181%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.136%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	−0.107%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5086	−0.088%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5099	−0.005%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5102	+0.018%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5101	+0.013%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5109	+0.064%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5112	+0.085%	$813K	$72K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5099	long leg	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5115	+0.104%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5108	+0.057%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5109	+0.064%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5106	+0.046%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5114	+0.101%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5114	+0.098%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0120%	1h	1.5128	+0.190%	$288.8M	$262.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5119	+0.130%	$7.7M	$25.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5121	+0.144%	$5.7M	$48.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5077	−0.150%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0196%	1h	1.5124	+0.164%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5117	+0.117%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERPshort	+0.0218%	1h	1.5098	−0.007%	$1.3M	$5K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5086	−0.088%	$23.2M	$77.1M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5103	+0.022%	$519K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0594%	1h	1.5072	−0.184%	$2K	$16K	10x	as long as short