Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.042%

Price spread now: Reya against Orderly+0.002%7-day average −0.008% · you sell dearer than you buy

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

Long on Orderly Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.125%+$13 on $10k

Price spread, last 4 days (all we have)+0.432%+$43 · spread now +0.002%, 7d avg −0.008%

Together, before fees+0.558%+ Points / potential airdropReya: Active · farm board+$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5213	0.0100	pay 0.0100% / 8h	7h 36m	$78K	$648K	50x
Short	Reya XRPRUSDPERP	1.5213	0.0221	get 0.0028% / 1h	36m 29s	$1.3M	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Orderly. 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 OrderlybpFee ReyabpOrdersPrice spread, now +0.002%Rate

Funding earned: $25.4
Price spread: +0.002% → −0.008%: $0.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $14.34
Costs to cover: 0.120%
Break-even: 3.0 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Orderly and 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5211	−0.015%	$14.7M	$75.3M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5208	−0.033%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.046%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5213	0.000%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5211	−0.012%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.281%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5204	−0.061%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5202	−0.074%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5206	−0.046%	$620K	$3.1M	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	+0.0100%	8h	1.5198	−0.099%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5194	−0.122%	$993K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5202	−0.072%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5206	−0.045%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5198	−0.096%	$529.8M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5195	−0.118%	$354.6M	$943.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5195	−0.118%	$126.8M	$852.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.263%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	−0.046%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.079%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5202	−0.072%	$374.8M	$153.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5203	−0.066%	$312.7M	$914.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5204	−0.061%	$106.1M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5195	−0.118%	$269.0M	$382.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5202	−0.072%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5191	−0.145%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.125%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.175%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.092%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5205	−0.050%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5199	−0.092%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5216	+0.022%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDClong	+0.0100%	8h	1.5213	long leg	$78K	$648K	50x
Derive XRP-PERP	+0.0100%	1h	1.5214	+0.007%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5223	+0.067%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5209	−0.026%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5211	−0.013%	$49.7M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5211	−0.013%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	−0.037%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5197	−0.108%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5211	−0.014%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5212	−0.004%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5202	−0.072%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5210	−0.020%	$5.5M	$47.8M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5224	+0.072%	$1.7M	$33.3M	2.9x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5217	+0.024%	$290.8M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	−0.026%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERPshort	+0.0221%	1h	1.5213	+0.002%	$1.3M	$4K	15x
Backpack XRP_USDC_PERP	+0.0233%	1h	1.5220	+0.046%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5224	+0.074%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0549%	1h	1.5214	+0.004%	$3K	$16K	10x	as long as short