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: SunX against Reya+0.042%7-day average +0.032% · you sell dearer than you buy

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

Long on Reya Short on SunX

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 3 days (all we have)−0.095%−$10 · spread now +0.042%, 7d avg +0.032%

Together, before fees−0.197%+ Points / potential airdropReya: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, 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	Reya XRPRUSDPERP	1.5293	0.0213	pay 0.0027% / 1h	48m 06s	$1.4M	$7K	15x
Short	SunX XRP-USDT	1.5300	0.0100	get 0.0100% / 8h	7h 48m	$128K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$23.7
Price spread: +0.042% → +0.032%: $0.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$36.74
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	17.28 bp	26.4 bp −$26	33.3 bp −$333	doesn't fit	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	1.5298	+0.031%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5294	+0.003%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5296	+0.018%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0010% / S +0.0086%	1h	1.5292	−0.008%	$838K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.744%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5297	+0.024%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5299	+0.037%	$9.3M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5294	+0.002%	$2.8M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5297	+0.024%	$511K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5301	+0.050%	$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	+0.052%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5305	+0.073%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5296	+0.018%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5304	+0.071%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5296	+0.016%	$537.9M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5296	+0.018%	$340.0M	$929.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5295	+0.011%	$124.6M	$877.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5292	−0.009%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5303	+0.063%	$116K	$710K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	+0.080%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5293	−0.002%	$372.3M	$148.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5295	+0.011%	$296.5M	$895.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5292	−0.006%	$108.5M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5292	−0.009%	$268.0M	$376.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5295	+0.011%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	+0.234%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.643%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.613%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.259%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5298	+0.029%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5298	+0.031%	$48K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5293	−0.001%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5297	+0.024%	$823K	$81K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5300	+0.042%	$128K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5293	−0.002%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5291	−0.013%	$50.2M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5295	+0.011%	$54.4M	$29.7M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5293	0.000%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5299	+0.037%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5295	+0.011%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERPlong	+0.0213%	1h	1.5293	long leg	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5308	+0.096%	$23.9M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5297	+0.024%	$5.8M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0238%	1h	1.5303	+0.063%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5290	−0.024%	$14.5M	$70.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5308	+0.097%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5307	+0.089%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0415%	1h	1.5307	+0.089%	$290.1M	$216.1M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.698%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0795%	1h	1.5340	+0.303%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5303	+0.060%	$506K	$755K	10x	as long as short