Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: edgeX against Arcus+0.214%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.214%, 7d avg +0.006%

Together, before fees−0.232%+ Points / potential airdropedgeX: Active · farm board−$23 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: edgeX is 0.209% dearer against Arcus than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5498	0.0100	pay 0.0013% / 1h	31m 06s	$118K	$737K	20x
Short	edgeX XRPUSDC	1.5531	0.0100	get 0.0050% / 4h	1h 31m	$674K	$101.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.214%Rate

Funding earned: $0
Price spread: +0.214% → +0.006%: $20.88
Slippage, 4 orders: −$7.72
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.34
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Arcus: live order book, 53 min ago; edgeX: live order book, 3 min ago.

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 Arcus live order book, 53 min ago	1.30 bp	5.3 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	0.96 bp	5.5 bp −$5	5.7 bp −$57	9.6 bp −$962	doesn't fit

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	1.5499	+0.006%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	−0.005%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5477	−0.136%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5483	−0.099%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.342%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0042%	1h	1.5475	−0.148%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5473	−0.161%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0127%	1h	1.5482	−0.105%	$912K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5475	−0.148%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5473	−0.161%	$438K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5486	−0.074%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5471	−0.175%	$39.1M	$77.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5497	−0.006%	$669K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5469	−0.188%	$557.0M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5466	−0.206%	$346.0M	$888.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5466	−0.206%	$126.7M	$871.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.110%	$577K	$41K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5498	long leg	$118K	$737K	20x
Bulk XRP-USD	+0.0100%	1h	1.5683	+1.194%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5475	−0.148%	$372.7M	$139.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5477	−0.136%	$289.7M	$843.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5475	−0.146%	$113.0M	$158.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5477	−0.136%	$269.8M	$360.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5478	−0.129%	—	$117.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.624%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5531	+0.214%	$674K	$101.0M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.364%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.200%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5490	−0.052%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5492	−0.039%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5486	−0.077%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5476	−0.143%	$833K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5482	−0.104%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5478	−0.129%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	−0.185%	$50.8M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5477	−0.136%	$55.1M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5491	−0.042%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5494	−0.026%	$12K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5469	−0.188%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5476	−0.140%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5498	0.000%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5506	+0.050%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5488	−0.066%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5482	−0.103%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5470	−0.181%	$24.6M	$73.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0252%	1h	1.5482	−0.103%	$1.8M	$994K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5493	−0.032%	$1.9M	$32.6M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.465%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5503	+0.030%	$508K	$626K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5493	−0.032%	$289.3M	$201.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0719%	1h	1.5563	+0.421%	$1K	$11K	10x	as long as short