Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.004%

Price spread now: BloFin against Reya+0.330%46s7-day average +0.023% · you sell dearer than you buy

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

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.582%−$58 · spread now +0.330%, 7d avg +0.023%

Together, before fees−0.588%+ Points / potential airdropReya: Active · farm board−$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.306% dearer against Reya than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5102	0.0216	pay 0.0027% / 1h	35m 40s	$1.3M	$7K	15x
Short	BloFin XRP-USDT	1.5152	0.0220	get 0.0220% / 8h	4h 35m	$24.1M	$76.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee ReyabpFee BloFinbpOrdersPrice spread, now +0.330%Rate

Funding earned: $0.91
Price spread: +0.330% → +0.023%: $30.63
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.54
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	1.32 bp	7.3 bp −$7	8.8 bp −$88	13.6 bp −$1,359	22.1 bp −$11.0K

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	1.5123	+0.138%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5111	+0.058%	$14.2M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	+0.288%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.317%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5110	+0.052%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5105	+0.021%	$252K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.031%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0029%	1h	1.5106	+0.025%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5114	+0.078%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0081%	8h	1.5108	+0.038%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5131	+0.191%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5131	+0.191%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5104	+0.012%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5111	+0.062%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5138	+0.237%	$281.0M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5129	+0.180%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5141	+0.257%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5146	+0.290%	$533.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5138	+0.237%	$344.6M	$932.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5140	+0.250%	$126.0M	$874.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5140	+0.250%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5137	+0.230%	$110K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.288%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	+0.164%	$368.9M	$153.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5142	+0.264%	$289.6M	$898.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	+0.297%	$107.7M	$173.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5139	+0.244%	$267.7M	$384.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5142	+0.264%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5103	+0.004%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.331%	$658K	$108.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	+0.515%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5153	+0.336%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	+0.065%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5107	+0.032%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5108	+0.041%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5118	+0.106%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5111	+0.058%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5111	+0.062%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	+0.078%	$53.9M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	+0.225%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5118	+0.107%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5135	+0.215%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5107	+0.032%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0158%	1h	1.5132	+0.197%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5152	+0.327%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5119	+0.111%	$5.5M	$47.0M	50x	as long as short
Reya XRPRUSDPERPlong	+0.0216%	1h	1.5102	long leg	$1.3M	$7K	15x
BloFin XRP-USDTshort	+0.0220%	8h	1.5152	+0.330%	$24.1M	$76.1M	125x
Kalshi KXXRPPERP	+0.0314%	8h	1.5135	+0.217%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5144	+0.275%	$516K	$778K	10x	as long as short
Aftermath Perps XRPUSD	+0.0653%	1h	1.5147	+0.297%	$2K	$15K	10x	as long as short