Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.031%

Price spread now: Reya against Paradex−0.007%7-day average +0.002% · you buy dearer than you sell

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

Long on Paradex Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.007%, 7d avg +0.002%

Together, before fees+0.483%+ Points / potential airdropParadex: Active · Reya: Active · farm board+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5132	0.0100	pay 0.0100% / 8h	6h 35m	$472K	$55K	50x
Short	Reya XRPRUSDPERP	1.5131	0.0214	get 0.0027% / 1h	35m 15s	$1.3M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now −0.007%Rate

Funding earned: $23.93
Price spread: −0.007% → +0.002%: −$0.91
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.01
Costs to cover: 0.100%
Break-even: 3.2 days

Slippage unknown: Paradex: live order book, 34 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 Paradex live order book, 34 min ago	5.86 bp	7.9 bp −$8	147.5 bp −$1,475	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	1.5135	+0.017%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5124	−0.055%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	−0.214%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	−0.060%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0062%	1h	1.5122	−0.071%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.826%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5127	−0.035%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0071%	8h	1.5133	+0.004%	$58K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	−0.002%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5134	+0.011%	$517K	$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	+0.0100%	8h	1.5127	−0.035%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5136	+0.027%	$806K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5135	+0.020%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	+0.008%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5131	−0.009%	$537.3M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	+0.011%	$340.2M	$942.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5137	+0.031%	$123.7M	$871.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5069	−0.419%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	+0.037%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.207%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5128	−0.029%	$367.1M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5137	+0.031%	$290.7M	$907.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5130	−0.016%	$106.7M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5130	−0.016%	$265.6M	$385.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5127	−0.035%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5126	−0.041%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	−0.260%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	−0.321%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5107	−0.168%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5133	+0.007%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5135	+0.017%	$45K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5132	−0.004%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5135	+0.015%	$814K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5143	+0.070%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5132	−0.002%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	−0.018%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5131	−0.009%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5132	long leg	$472K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5128	−0.028%	$2.0M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	−0.019%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5136	+0.024%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0211%	1h	1.5142	+0.064%	$280.7M	$221.9M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0213%	1h	1.5134	+0.011%	$7.6M	$25.3M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0214%	1h	1.5131	−0.007%	$1.3M	$7K	15x
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5134	+0.011%	$5.7M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.401%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5094	−0.255%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5141	+0.057%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0342%	8h	1.5137	+0.031%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5139	+0.044%	$536K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0799%	1h	1.5121	−0.074%	$2K	$14K	10x	as long as short