Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0114%/8h= −12.4% APRpaid last 24h −0.031%

Price spread now: Aster against Reya+0.038%7-day average +0.029% · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.108%−$11 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.038%, 7d avg +0.029%

Together, before fees−0.137%+ Points / potential airdropReya: Active · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, 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	Reya XRPRUSDPERP	1.5198	0.0214	pay 0.0027% / 1h	0m 34s	$1.3M	$7K	15x
Short	Aster XRPUSDT	1.5204	0.0100	get 0.0100% / 8h	7h 00m	$38.4M	$83.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$23.85
Price spread: +0.038% → +0.029%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.96
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.98 bp	5.6 bp −$6	5.8 bp −$58	16.4 bp −$1,637	doesn't fit

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	1.5203	+0.031%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	−0.032%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5215	+0.110%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5216	+0.117%	$9.2M	$24.6M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0070%	1h	1.5213	+0.096%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.380%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5217	+0.123%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5198	−0.002%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5210	+0.080%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5199	+0.005%	$508K	$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	1.5194	−0.028%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5195	−0.020%	$474K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5203	+0.034%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5204	+0.038%	$38.4M	$83.5M	100x
Pacifica XRP	+0.0100%	1h	1.5198	−0.001%	$625K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5208	+0.065%	$536.3M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5208	+0.064%	$339.0M	$922.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	+0.011%	$122.5M	$864.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5210	+0.077%	$567K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5203	+0.031%	$114K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.996%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5199	+0.005%	$366.9M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5198	−0.002%	$297.9M	$919.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5204	+0.036%	$110.0M	$168.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	+0.005%	$266.4M	$377.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5198	−0.002%	—	$125.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.116%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.405%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.852%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.354%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5205	+0.043%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5207	+0.058%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5218	+0.132%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5219	+0.135%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5221	+0.152%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5215	+0.110%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5210	+0.076%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5214	+0.104%	$54.0M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5195	−0.024%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5213	+0.099%	$58K	$25K	3x	as long as short
Reya XRPRUSDPERPlong	+0.0214%	1h	1.5198	long leg	$1.3M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5210	+0.077%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5220	+0.143%	$5.7M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0246%	1h	1.5213	+0.096%	$14.3M	$70.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0303%	1h	1.5218	+0.130%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5252	+0.352%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5236	+0.248%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0355%	1h	1.5211	+0.084%	$283.7M	$218.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.275%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5201	+0.017%	$537K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0853%	1h	1.5298	+0.656%	$2K	$13K	10x	as long as short