Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.031%

Price spread now: Reya against Bitget+0.022%7-day average −0.028% · you sell dearer than you buy

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

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.022%, 7d avg −0.028%

Together, before fees+0.056%+ Points / potential airdropReya: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.050% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5304	0.0100	pay 0.0100% / 8h	7h 48m	$268.3M	$376.3M	125x
Short	Reya XRPRUSDPERP	1.5307	0.0213	get 0.0027% / 1h	48m 49s	$1.4M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now +0.022%Rate

Funding earned: $23.7
Price spread: +0.022% → −0.028%: $4.95
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $10.65
Costs to cover: 0.180%
Break-even: 3.9 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.32 bp	6.3 bp −$6	9.9 bp −$99	18.7 bp −$1,872	26.8 bp −$13.4K
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	1.5307	+0.020%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5313	+0.057%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5303	−0.005%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0010% / S +0.0086%	1h	1.5304	0.000%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.673%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5310	+0.039%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5313	+0.059%	$9.3M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5310	+0.039%	$2.8M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5310	+0.039%	$511K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5310	+0.039%	$11K	$276K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5309	+0.030%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5313	+0.056%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5310	+0.039%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5311	+0.047%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5304	+0.001%	$538.2M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5305	+0.007%	$340.2M	$929.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5306	+0.013%	$124.7M	$879.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	+0.105%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5312	+0.052%	$116K	$709K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	+0.216%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5304	0.000%	$373.2M	$148.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5304	0.000%	$295.3M	$894.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5308	+0.028%	$108.6M	$167.2M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5304	long leg	$268.3M	$376.3M	125x
BingX XRP-USDT	+0.0100%	8h	1.5304	0.000%	—	$123.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	+0.164%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.573%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.542%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.189%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5308	+0.028%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5310	+0.039%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5307	+0.021%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5312	+0.049%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5312	+0.050%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5311	+0.046%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5305	+0.006%	$50.2M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5308	+0.026%	$54.4M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5301	−0.018%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5312	+0.052%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5310	+0.038%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERPshort	+0.0213%	1h	1.5307	+0.022%	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5308	+0.026%	$23.9M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5311	+0.046%	$5.8M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0240%	1h	1.5316	+0.078%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5310	+0.037%	$14.5M	$70.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5315	+0.075%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5317	+0.085%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0427%	1h	1.5321	+0.111%	$290.3M	$216.0M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.627%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0796%	1h	1.5348	+0.287%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5313	+0.057%	$506K	$755K	10x	as long as short