Funding you earn now, next payment 08:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.055%
Price spread now: Deribit against Reya+0.075%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.075%, 7d avg +0.038%
=Together, before fees−0.242%+ Points / potential airdropReya: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.037% dearer against Reya than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya XRPRUSDPERP | 1.5163 | 0.0220 | pay 0.0028% / 1h | 3m 44s | $1.3M | $4K | 15x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5174 | 0.0014 | get 0.0002% / 1h | 3m 44s | $7.7M | $24.0M | 50x |
Reya XRPRUSDPERP
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.36
- Price spread: +0.075% → +0.038%
- $3.72
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$52.64
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Deribit: live order book, 5 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 Deribit live order book, 5 min ago | 0.66 bp | 5.2 bp −$5 | 7.9 bp −$79 | 54.2 bp −$5,422 | doesn't fit |
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 | 1.5161 | −0.011% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5168 | +0.035% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5165 | +0.016% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0014% | 1h | 1.5174 | +0.075% | $7.7M | $24.0M | 50x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.621% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5167 | +0.029% | $14.6M | $73.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5186 | +0.154% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5162 | −0.007% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5164 | +0.009% | $604K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5155 | −0.050% | $20K | $383K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | +0.012% | $998K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5163 | +0.004% | $38.5M | $86.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5163 | +0.001% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | −0.017% | $529.0M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5158 | −0.031% | $349.8M | $947.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5160 | −0.017% | $127.3M | $862.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5172 | +0.062% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5165 | +0.016% | $143K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5189 | +0.174% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5160 | −0.017% | $377.5M | $163.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5160 | −0.017% | $309.6M | $931.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5160 | −0.019% | $106.6M | $183.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5156 | −0.044% | $268.7M | $388.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5160 | −0.017% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5165 | +0.019% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5174 | +0.074% | $659K | $113.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5174 | +0.075% | $1.1M | $33.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5182 | +0.128% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5176 | +0.086% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5169 | +0.042% | $52K | $515K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5167 | +0.029% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5168 | +0.035% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5185 | +0.144% | $817K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.045% | $127K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5165 | +0.016% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.043% | $49.5M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5167 | +0.029% | $54.1M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5166 | +0.025% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5153 | −0.065% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5166 | +0.022% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5166 | +0.020% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0110% / S −0.0072% | 1h | 1.5165 | +0.015% | $783K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0143% | 1h | 1.5179 | +0.107% | $289.8M | $268.2M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0163% | 8h | 1.5174 | +0.075% | $1.8M | $33.6M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5173 | +0.068% | $5.6M | $47.9M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0181% | 1h | 1.5176 | +0.088% | $2.0M | $1.4M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5184 | +0.141% | $23.6M | $77.8M | 125x | as long as short |
| Reya XRPRUSDPERPlong | +0.0220% | 1h | 1.5163 | long leg | $1.3M | $4K | 15x | |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5163 | +0.002% | $520K | $798K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5190 | +0.180% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0575% | 1h | 1.5175 | +0.084% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
BloFin XRP-USDT
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD