Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.031%

Price spread now: Reya against BingX−0.024%7-day average −0.024% · you buy dearer than you sell

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.024%, 7d avg −0.024%

Together, before fees+0.118%+ Points / potential airdropReya: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5297	0.0100	pay 0.0100% / 8h	7h 48m	—	$123.5M	—
Short	Reya XRPRUSDPERP	1.5293	0.0213	get 0.0027% / 1h	48m 25s	$1.4M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.024%Rate

Funding earned: $23.7
Price spread: −0.024% → −0.024%: −$0.04
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $7.66
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: BingX: live order book, 11 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 11 min ago	0.98 bp	6.0 bp −$6	6.3 bp −$63	8.3 bp −$829	17.6 bp −$8,814
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5298	+0.007%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5294	−0.021%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5296	−0.007%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0010% / S +0.0086%	1h	1.5292	−0.032%	$838K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.719%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5297	0.000%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5299	+0.013%	$9.3M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5307	+0.066%	$2.8M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5310	+0.085%	$511K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5301	+0.026%	$11K	$276K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5301	+0.028%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5305	+0.049%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5296	−0.007%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5304	+0.047%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5298	+0.004%	$537.9M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5298	+0.007%	$340.0M	$929.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5296	−0.007%	$124.7M	$877.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5292	−0.033%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5303	+0.039%	$116K	$710K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	+0.056%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5294	−0.020%	$372.3M	$148.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5297	0.000%	$294.6M	$894.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5296	−0.006%	$108.6M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5294	−0.020%	$268.0M	$376.3M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5297	long leg	—	$123.5M	—
Variational Omni XRP	+0.0100%	8h	1.5329	+0.210%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.619%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.588%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.235%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5298	+0.005%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5298	+0.007%	$48K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5293	−0.026%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5297	0.000%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5300	+0.018%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5293	−0.026%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5305	+0.052%	$50.2M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5308	+0.072%	$54.4M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5293	−0.024%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5299	+0.013%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5295	−0.014%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERPshort	+0.0213%	1h	1.5293	−0.024%	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5308	+0.072%	$23.9M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5311	+0.092%	$5.8M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0240%	1h	1.5316	+0.124%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5290	−0.048%	$14.5M	$70.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5308	+0.073%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5317	+0.131%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0416%	1h	1.5310	+0.085%	$290.1M	$216.0M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.673%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0795%	1h	1.5340	+0.279%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5303	+0.036%	$506K	$755K	10x	as long as short