Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.034%

Price spread now: BingX against Reya+0.047%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.047% dearer against Reya than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5286	0.0224	pay 0.0028% / 1h	44m 34s	$1.4M	$1K	15x
Short	BingX XRP-USDT	1.5293	0.0100	get 0.0100% / 8h	4h 44m	—	$94.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$26.04
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$37.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago	0.98 bp	6.0 bp −$6	6.0 bp −$60	8.0 bp −$801	15.5 bp −$7,750

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 exchanges

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	1.5360	+0.486%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5298	+0.081%	$13.7M	$68.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5295	+0.061%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	+0.028%	$68K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5297	+0.073%	$7.6M	$19.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5291	+0.034%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.794%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5294	+0.054%	$9K	$987	10x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5292	+0.043%	$17K	$68K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5294	+0.056%	$2.7M	$13.5M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5296	+0.067%	$573K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5298	+0.080%	$5.5M	$41.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5291	+0.035%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5280	−0.038%	$10K	$412K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5290	+0.024%	$846K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5301	+0.100%	$297.5M	$261.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5289	+0.020%	$39.0M	$79.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5294	+0.054%	$590K	$978K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5291	+0.034%	$532.0M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5291	+0.034%	$361.3M	$854.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5288	+0.015%	$123.6M	$817.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5259	−0.175%	$561K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5293	+0.047%	$161K	$692K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5288	+0.018%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5289	+0.021%	$375.6M	$157.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5287	+0.008%	$316.6M	$879.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5288	+0.016%	$104.0M	$180.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5288	+0.015%	$270.1M	$347.2M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5293	+0.047%	—	$94.9M	—
Variational Omni XRP	+0.0100%	8h	1.5263	−0.152%	$4.9M	$37.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5240	−0.298%	$662K	$105.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5289	+0.021%	$1.1M	$32.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5262	−0.156%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5292	+0.041%	$50K	$471K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5289	+0.023%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5293	+0.047%	$83K	$602K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5295	+0.062%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5298	+0.081%	$128K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5294	+0.054%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5294	+0.053%	$49.8M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5298	+0.080%	$54.6M	$33.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5294	+0.053%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5284	−0.009%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5284	−0.012%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0108%	8h	1.5296	+0.067%	$1.9M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0161%	1h	1.5310	+0.159%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5291	+0.034%	$23.8M	$77.3M	125x	as long as short
Reya XRPRUSDPERPlong	+0.0224%	1h	1.5286	long leg	$1.4M	$1K	15x
GMX XRP/USD [ETH-USDC]	L +0.0262% / S −0.0526%	1h	1.5290	+0.027%	$881K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5296	+0.065%	$506K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0392%	1h	1.5288	+0.017%	$3K	$13K	10x	as long as short