Funding you earn now, next payment 02:00 UTC−0.0276%/8h= −30.2% APRnext payment −$0.35 per $10,000 · paid last 24h −0.134%
Price spread now: GMX against Reya−0.012%7-day average +0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.348%−$35 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.012%, 7d avg +0.041%
=Together, before fees−0.304%+ Points / potential airdropReya: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.053% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya XRPRUSDPERP | 1.5124 | 0.0214 | pay 0.0027% / 1h | 36m 10s | $1.3M | $7K | 15x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5123 | L +0.0018% / S +0.0062% | pay 0.0008% / 1h | 36m 10s | $801K | — | 200x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.99
- Price spread: −0.012% → +0.041%
- −$5.26
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$81.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Reya and GMX: 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 | 1.5078 | −0.306% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5095 | −0.192% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5100 | −0.161% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5124 | −0.002% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0018% / S +0.0062% | 1h | 1.5123 | −0.012% | $801K | — | 200x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.880% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5128 | +0.026% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0070% | 8h | 1.5127 | +0.018% | $58K | $947K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5132 | +0.054% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5135 | +0.070% | $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 | 1.5110 | −0.095% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5110 | −0.097% | $800K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5131 | +0.044% | $38.5M | $84.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5106 | −0.119% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5130 | +0.037% | $537.3M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5128 | +0.024% | $340.0M | $942.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5132 | +0.051% | $123.8M | $872.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5069 | −0.366% | $561K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5116 | −0.055% | $115K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5101 | −0.154% | $1.6M | $307K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5129 | +0.031% | $367.1M | $151.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5131 | +0.044% | $288.7M | $907.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5128 | +0.024% | $106.7M | $172.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5129 | +0.031% | $265.5M | $385.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5129 | +0.031% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5126 | +0.012% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5093 | −0.207% | $655K | $108.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5084 | −0.269% | $1.1M | $38.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5108 | −0.108% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5115 | −0.062% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5129 | +0.031% | $45K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5128 | +0.024% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5131 | +0.042% | $814K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5136 | +0.077% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5130 | +0.037% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5130 | +0.038% | $49.6M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5130 | +0.037% | $53.8M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5112 | −0.083% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5124 | −0.004% | $2.0M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5130 | +0.034% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5120 | −0.029% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0207% | 1h | 1.5141 | +0.110% | $280.0M | $220.9M | 20x | as long as short |
| Reya XRPRUSDPERPlong | +0.0214% | 1h | 1.5124 | long leg | $1.3M | $7K | 15x | |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5138 | +0.090% | $5.7M | $46.6M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | +0.454% | $24.0M | $75.2M | 125x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0279% | 1h | 1.5133 | +0.057% | $7.6M | $25.3M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5094 | −0.202% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0337% | 1h | 1.5141 | +0.110% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0342% | 8h | 1.5112 | −0.082% | $2.1M | $36.1M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5121 | −0.023% | $535K | $783K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0798% | 1h | 1.5117 | −0.050% | $2K | $14K | 10x | as long as short |
GMX XRP/USD [ETH-USDC]
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Deribit XRP_USDC-PERPETUAL
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD