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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0122%/8h= −13.4% APRnext payment $0.15 per $10,000 · paid last 24h −0.033%
Price spread now: Ondo Perps against Reya+0.095%7-day average −0.062% · you sell dearer than you buy
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 4 days (all we have)−0.143%−$14 on $10k
Price spread, last 4 days (all we have)−0.617%−$62 · spread now +0.095%, 7d avg −0.062%
Together, before fees−0.760%+ Points / potential airdropReya: Active · Ondo Perps: Active · farm board−$76 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.157% dearer against Reya than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.062%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XRPRUSDPERP1.53910.0222pay 0.0028% / 1h11m 20s$1.4M$1K15x
ShortOndo Perps XRP-USD.P1.54060.0100get 0.0013% / 1h11m 20s$566K$37K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$25.72
Price spread: +0.095% → −0.062%
$15.75
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$20.98
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Ondo Perps no order-book sample
Reya and Ondo Perps: 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 50 exchanges

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%1h1.5401+0.063%$5K$4K20xas long as short
dYdX XRP-USD0.0000%1h1.5401+0.061%$1.1M$155K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5392+0.003%$244K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0009%1h1.5422+0.199%$7.9M$21.7M50xas long as short
Kraken Futures PF_XRPUSD+0.0015%1h1.5413+0.143%$14.2M$72.7M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.096%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0048%1h1.5401+0.063%$9K$1K10xas long as short
Lighter XRP+0.0096%1h1.5402+0.070%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5403+0.076%$606K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5401+0.064%$480K$50K50xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5390−0.008%$10K$396K20xas long as short
Nado XRP-PERP+0.0100%1h1.5397+0.040%$1.0M$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5390−0.007%$39.6M$82.2M100xas long as short
Pacifica XRP+0.0100%1h1.5402+0.070%$590K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5389−0.017%$536.5M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5391−0.002%$363.7M$897.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5392+0.005%$124.9M$846.5M100xas long as short
Ondo Perps XRP-USD.Pshort+0.0100%1h1.5406+0.095%$566K$37K5x
Arcus XRP-USD+0.0100%1h1.5406+0.095%$165K$692K20xas long as short
Bulk XRP-USD+0.0100%1h1.5353−0.251%$1.6M$25K20xas long as short
Gate XRP_USDT+0.0100%8h1.5394+0.018%$380.1M$161.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5395+0.024%$317.1M$918.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5393+0.008%$106.9M$182.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5394+0.018%$272.8M$359.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.5388−0.021%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5377−0.092%$5.1M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5385−0.044%$669K$111.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5402+0.067%$1.1M$31.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5394+0.018%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5401+0.061%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5396+0.031%$53K$478K20xas long as short
Bullet XRP-USD+0.0100%1h1.5393+0.012%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5390−0.008%$76K$607K50xas long as short
SunX XRP-USDT+0.0100%8h1.5413+0.141%$129K$1.6M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5416+0.160%$31K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5405+0.089%$50.2M$14.2M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5413+0.141%$55.0M$33.4M50xas long as short
Extended XRP-USD+0.0104%1h1.5393+0.008%$2.1M$5.8M50xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5388−0.022%$17K$76K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5412+0.136%$59K$25K3xas long as short
Hyperliquid XRP+0.0116%1h1.5406+0.095%$299.7M$269.3M20xas long as short
Coinbase International XRP-PERP-INTX+0.0120%1h1.5418+0.173%$5.5M$45.7M50xas long as short
Kalshi KXXRPPERP+0.0150%8h1.5413+0.141%$1.9M$34.4M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0157% / S −0.0325%1h1.5391−0.001%$610K200xas long as short
Backpack XRP_USDC_PERP+0.0201%1h1.5411+0.128%$2.0M$1.3M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5394+0.018%$23.9M$79.2M125xas long as short
Reya XRPRUSDPERPlong+0.0222%1h1.5391long leg$1.4M$1K15x
RISEx XRP/USDC+0.0272%1h1.5403+0.078%$514K$786K10xas long as short
Aftermath Perps XRPUSD+0.0449%1h1.5395+0.025%$3K$14K10xas long as short
Phoenix XRP+0.0516%1h1.5410+0.121%$69K$109K15xas long as short