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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h +0.032%
Price spread now: Reya against ApeX Omni−0.196%63s7-day average −0.060% · 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)+0.111%+$11 on $10k
Price spread, last 7 days+0.171%+$17 · spread now −0.196%, 7d avg −0.060%
Together, before fees+0.282%+ Points / potential airdropReya: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.136% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.060%). If the spread goes back, that is −$14 on $10k: about 3.9 days of funding at the current rate (+$3 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XRPUSDT1.51990.0100pay 0.0013% / 1h42m 29s$1.2M$1.1M50x
ShortReya XRPRUSDPERP1.51690.0217get 0.0027% / 1h42m 29s$1.3M$7K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against ApeX Omni. 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
$24.47
Price spread: −0.196% → −0.060%
−$13.61
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
−$5.14
Costs to cover
0.160%
Break-even
8.5 days
Slippage unknown: ApeX Omni: live order book, 2 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 2 min ago2.30 bp8.0 bp −$812.3 bp −$123doesn't fitdoesn't fit
Sell Reya no order-book sample
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%1h1.5203+0.026%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5180−0.124%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5198−0.007%$262K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5204+0.033%$7.8M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0021%1h1.5201+0.013%$14.4M$74.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.375%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0051% / S +0.0014%1h1.5200+0.008%$780K200xas long as short
Lighter XRP+0.0096%1h1.5182−0.114%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5185−0.092%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5171−0.184%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0099%8h1.5197−0.013%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5170−0.190%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5181−0.119%$38.3M$84.6M100xas long as short
Pacifica XRP+0.0100%1h1.5181−0.117%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5168−0.204%$532.9M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5167−0.211%$345.5M$942.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5168−0.204%$127.0M$885.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5193−0.039%$566K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5172−0.178%$118K$688K20xas long as short
Bulk XRP-USD+0.0100%1h1.5203+0.027%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5167−0.211%$370.6M$154.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5168−0.204%$291.7M$900.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5173−0.172%$108.8M$176.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5169−0.197%$268.7M$388.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5166−0.217%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5202+0.019%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5212+0.087%$661K$109.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5201+0.013%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDTlong+0.0100%1h1.5199long leg$1.2M$1.1M50x
Vest XRP-PERP+0.0100%1h1.5179−0.131%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5172−0.178%$45K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5168−0.206%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5204+0.030%$818K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5211+0.081%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5203+0.026%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5201+0.015%$49.7M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5203+0.026%$54.2M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5168−0.204%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5163−0.235%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5200+0.005%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5176−0.151%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5209+0.066%$5.6M$47.6M50xas long as short
Reya XRPRUSDPERPshort+0.0217%1h1.5169−0.196%$1.3M$7K15x
BloFin XRP-USDT+0.0220%8h1.5206+0.046%$24.1M$76.1M125xas long as short
Hibachi XRP/USDT-P+0.0256%1h1.5210+0.071%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0296%8h1.5210+0.072%$2.0M$35.1M2.9xas long as short
Backpack XRP_USDC_PERP+0.0296%1h1.5215+0.105%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0308%1h1.5184−0.099%$292.1M$235.1M20xas long as short
RISEx XRP/USDC+0.0358%1h1.5174−0.166%$517K$774K10xas long as short
Phoenix XRP+0.0528%1h1.5210+0.072%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0664%1h1.5212+0.088%$2K$15K10xas long as short