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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.032%
Price spread now: Reya against Variational Omni+0.089%7-day average −0.024% · you sell dearer than you buy
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)+0.117%+$12 on $10k
Price spread, last 7 days−0.103%−$10 · spread now +0.089%, 7d avg −0.024%
Together, before fees+0.014%+ Points / potential airdropVariational Omni: Active · Reya: Active · farm board+$1 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 0.112% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XRP1.51460.0100pay 0.0100% / 8h1h 33m$4.7M$38.5M
ShortReya XRPRUSDPERP1.51590.0219get 0.0027% / 1h33m 08s$1.3M$5K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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
$24.96
Price spread: +0.089% → −0.024%
$11.24
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
$30.2
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago2.01 bpdoesn't fit2.1 bp −$2120.5 bp −$2,050doesn'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%1h1.5144−0.012%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5157+0.075%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5170+0.159%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5164+0.118%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5170+0.158%$14.4M$75.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.734%$2K$107K30xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5169+0.153%$7.7M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0083% / S −0.0031%1h1.5148+0.013%$799K200xas long as short
Lighter XRP+0.0096%1h1.5170+0.157%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5171+0.166%$545K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XRPUSD+0.0096%1h1.5170+0.159%$8K$8K10xas long as short
Katana Perps XRP-USD+0.0099%8h1.5156+0.067%$12K$368K20xas long as short
Nado XRP-PERP+0.0100%1h1.5158+0.084%$976K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5171+0.166%$38.5M$87.7M100xas long as short
Pacifica XRP+0.0100%1h1.5164+0.121%$617K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5168+0.148%$531.7M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5164+0.120%$345.8M$962.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5164+0.120%$127.3M$883.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151+0.034%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5171+0.166%$143K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5145−0.006%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5165+0.126%$376.3M$160.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5167+0.140%$299.8M$923.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5165+0.128%$107.3M$181.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5163+0.113%$267.4M$397.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5162+0.107%$4.2Mas long as short
Variational Omni XRPlong+0.0100%8h1.5146long leg$4.7M$38.5M
edgeX XRPUSDC+0.0100%4h1.5160+0.093%$660K$113.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5158+0.080%$1.1M$36.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5169+0.153%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5162+0.108%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5165+0.126%$47K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5164+0.122%$41K$71K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5166+0.133%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5148+0.017%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5168+0.146%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5167+0.140%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5169+0.150%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5166+0.133%$54.3M$32.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5173+0.177%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5161+0.099%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5164+0.119%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0152%1h1.5142−0.022%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0167%1h1.5175+0.192%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5172+0.173%$5.7M$48.3M50xas long as short
Hyperliquid XRP+0.0179%1h1.5178+0.212%$288.6M$264.7M20xas long as short
Kalshi KXXRPPERP+0.0206%8h1.5168+0.146%$1.7M$35.2M2.9xas long as short
Reya XRPRUSDPERPshort+0.0219%1h1.5159+0.089%$1.3M$5K15x
BloFin XRP-USDT+0.0220%8h1.5170+0.159%$23.6M$77.9M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5171+0.167%$524K$798K10xas long as short
Aftermath Perps XRPUSD+0.0599%1h1.5158+0.078%$2K$16K10xas long as short