Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.031%
Price spread now: OKX against Reya−0.023%7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.117%−$12 on $10k
Price spread, last 7 days+0.044%+$4 · spread now −0.023%, 7d avg +0.022%
Together, before fees−0.072%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.045% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XRPRUSDPERP1.53200.0212pay 0.0027% / 1h13m 06s$1.4M$8K15x
ShortOKX XRP-USDT-SWAP1.53160.0100get 0.0100% / 8h13m 06s$125.1M$877.3M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$23.62
Price spread: −0.023% → +0.022%
−$4.48
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Net
−$44.11
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell OKX live order book, 1 min ago0.33 bp5.3 bp −$57.5 bp −$7514.9 bp −$1,48733.5 bp −$16.8K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5341+0.140%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5335+0.101%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5350+0.199%$68K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5323+0.023%$9.3M$25.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5317−0.014%$265K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0094%1h1.5316−0.023%$842K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5319−0.002%$14.9M$69.8M50xas long as short
Orderly PERP_XRP_USDC+0.0060%8h1.5322+0.016%$75K$910K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.570%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5321+0.010%$3.0M$13.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5324+0.029%$486K$3.2M20xas long as short
Nado XRP-PERP+0.0100%1h1.5326+0.046%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5317−0.018%$38.8M$81.8M100xas long as short
Pacifica XRP+0.0100%1h1.5339+0.127%$631K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5314−0.034%$544.1M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5316−0.023%$341.2M$925.2M100xas long as short
OKX XRP-USDT-SWAPshort+0.0100%8h1.5316−0.023%$125.1M$877.3M100x
Ondo Perps XRP-USD.P+0.0100%1h1.5350+0.199%$571K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5331+0.075%$116K$757K20xas long as short
Bulk XRP-USD+0.0100%1h1.5373+0.346%$1.7M$571K20xas long as short
Gate XRP_USDT+0.0100%8h1.5316−0.023%$360.5M$148.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5316−0.023%$297.2M$892.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5318−0.009%$109.0M$165.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5313−0.042%$267.3M$376.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5312−0.049%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5350+0.201%$11.4M$30.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5346+0.173%$666K$105.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5353+0.218%$1.1M$40.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5347+0.179%$1.0M$901K50xas long as short
Vest XRP-PERP+0.0100%1h1.5327+0.046%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5325+0.036%$47K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5320+0.003%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5324+0.027%$825K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5328+0.055%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5322+0.016%$31K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5319−0.003%$50.3M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5321+0.010%$54.6M$29.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5328+0.057%$478K$54K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5325+0.036%$11K$271K20xas long as short
Extended XRP-USD+0.0104%1h1.5319−0.006%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5319−0.003%$71K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5331+0.075%$8K$8K10xas long as short
Reya XRPRUSDPERPlong+0.0212%1h1.5320long leg$1.4M$8K15x
BloFin XRP-USDT+0.0220%8h1.5324+0.029%$24.1M$74.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5327+0.049%$5.8M$46.8M50xas long as short
Backpack XRP_USDC_PERP+0.0253%1h1.5323+0.023%$1.7M$1.0M25xas long as short
Hibachi XRP/USDT-P+0.0296%1h1.5337+0.114%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0310%8h1.5329+0.062%$2.0M$34.5M2.9xas long as short
Hyperliquid XRP+0.0576%1h1.5329+0.062%$290.6M$215.3M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5333+0.086%$499K$707K10xas long as short
Aftermath Perps XRPUSD+0.0784%1h1.5353+0.219%$1K$11K10xas long as short