Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0097%/8hnext payment +$0.12 per $10,000 · paid last 24h +0.016%

Price spread now: Reya against 01 Exchange−0.144%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Reya is 0.144% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5088	0.0112	pay 0.0014% / 1h	23m 38s	$8K	$8K	10x
Short	Reya XRPRUSDPERP	1.5066	0.0209	get 0.0026% / 1h	23m 38s	$1.3M	$11K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against 01 Exchange. 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 01 ExchangebpFee ReyabpOrdersPrice spread, now −0.144%Rate

Funding earned: $20.33
Price spread: −0.144% → 0.000%: −$14.45
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$7.12
Costs to cover: 0.130%
Break-even: 9.5 days

Slippage unknown: 01 Exchange: no order-book sample; Reya: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

01 Exchange and 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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5068	−0.134%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5079	−0.060%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5033	−0.368%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5062	−0.172%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5068	−0.135%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.615%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5058	−0.199%	$179K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5035	−0.354%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5041	−0.312%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5080	−0.053%	$12K	$243K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5075	−0.083%	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5065	−0.152%	$38.3M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5034	−0.357%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5036	−0.345%	$531.5M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5038	−0.331%	$338.9M	$781.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5038	−0.331%	$125.6M	$788.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5017	−0.471%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.007%	$122K	$596K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.4992	−0.634%	$1.6M	$138K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5051	−0.245%	$350.5M	$126.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5036	−0.345%	$308.2M	$759.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5035	−0.354%	$111.2M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5039	−0.325%	$259.2M	$320.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5038	−0.331%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.561%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4999	−0.590%	$651K	$88.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.4998	−0.597%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4987	−0.669%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5065	−0.151%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5075	−0.086%	$50K	$421K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5064	−0.159%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5062	−0.176%	$811K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5057	−0.204%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5054	−0.225%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5047	−0.274%	$49.7M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5056	−0.212%	$54.1M	$27.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5034	−0.357%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5059	−0.189%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5053	−0.234%	$72K	$39K	3x	as long as short
01 Exchange XRPUSDlong	+0.0112%	1h	1.5088	long leg	$8K	$8K	10x
Kalshi KXXRPPERP	+0.0164%	8h	1.5072	−0.106%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5062	−0.172%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5061	−0.179%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0209%	1h	1.5066	−0.144%	$1.3M	$11K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5083	−0.033%	$23.6M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5078	−0.068%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5057	−0.209%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0413%	1h	1.5053	−0.232%	$274.5M	$158.4M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5087	−0.009%	$405K	$473K	10x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5026	−0.410%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5020	−0.451%	$67K	$89K	15x	as long as short