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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.032%
Price spread now: Reya against ApeX Omni−0.250%63s7-day average −0.060% · 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)+0.109%+$11 on $10k
Price spread, last 7 days+0.238%+$24 · spread now −0.250%, 7d avg −0.060%
Together, before fees+0.347%+ Points / potential airdropReya: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.190% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.060%). If the spread goes back, that is −$19 on $10k: about 5.4 days of funding at the current rate (+$3 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XRPUSDT1.51470.0100pay 0.0013% / 1h5m 44s$1.2M$1.1M50x
ShortReya XRPRUSDPERP1.51090.0216get 0.0027% / 1h5m 44s$1.3M$7K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against ApeX 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
$24.39
Price spread: −0.250% → −0.060%
−$18.99
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
−$10.6
Costs to cover
0.160%
Break-even
10.0 days
Slippage unknown: ApeX Omni: live order book, 3 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 ApeX Omni live order book, 3 min ago1.65 bp6.7 bp −$711.5 bp −$115doesn'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%1h1.5113−0.224%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5108−0.256%$14.2M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5109−0.248%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.5140−0.046%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5109−0.252%$252K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0015%1h1.5115−0.211%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.727%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0046% / S +0.0020%1h1.5107−0.263%$788K200xas long as short
Orderly PERP_XRP_USDC+0.0092%8h1.5111−0.238%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5117−0.200%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5117−0.198%$497K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5107−0.264%$10K$330K20xas long as short
Nado XRP-PERP+0.0100%1h1.5113−0.221%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5125−0.145%$280.0M$227.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5113−0.226%$38.2M$83.7M100xas long as short
Pacifica XRP+0.0100%1h1.5113−0.224%$606K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5112−0.229%$532.0M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5113−0.224%$344.8M$937.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5115−0.211%$126.7M$873.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5096−0.337%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5114−0.218%$110K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5130−0.109%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5110−0.244%$368.3M$154.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5109−0.251%$292.9M$903.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5111−0.235%$107.6M$175.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5112−0.231%$267.5M$385.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5111−0.238%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5110−0.245%$5.2M$37.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5141−0.036%$658K$108.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5130−0.112%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDTlong+0.0100%1h1.5147long leg$1.2M$1.1M50x
Vest XRP-PERP+0.0100%1h1.5114−0.216%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5112−0.231%$44K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5112−0.231%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5113−0.225%$813K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5116−0.202%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5113−0.224%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5107−0.264%$49.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5114−0.218%$53.7M$31.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5113−0.222%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5108−0.256%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5111−0.239%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0112%1h1.5116−0.205%$8K$8K10xas long as short
Backpack XRP_USDC_PERP+0.0185%1h1.5119−0.185%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5117−0.198%$5.6M$47.0M50xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.5124−0.153%$17K$82K7xas long as short
Reya XRPRUSDPERPshort+0.0216%1h1.5109−0.250%$1.3M$7K15x
BloFin XRP-USDT+0.0220%8h1.5118−0.191%$24.2M$75.9M125xas long as short
Kalshi KXXRPPERP+0.0314%8h1.5117−0.198%$2.1M$34.7M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5116−0.202%$515K$773K10xas long as short
Aftermath Perps XRPUSD+0.0702%1h1.5133−0.093%$2K$15K10xas long as short