Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against Arcus+0.198%7-day average −0.052% · you sell dearer than you buy

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

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.198%, 7d avg −0.052%

Together, before fees−0.405%+ Points / potential airdropOndo Perps: Active · farm board−$41 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: Ondo Perps is 0.250% dearer against Arcus than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5120	0.0100	pay 0.0013% / 1h	2m 04s	$137K	$722K	20x
Short	Ondo Perps XRP-USD.P	1.5150	0.0100	get 0.0013% / 1h	2m 04s	$563K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → −0.052%: $25.04
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $15.54
Costs to cover: 0.095%
Break-even: from the start

Slippage unknown: Arcus: live order book, 52 min ago; Ondo Perps: 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 Arcus live order book, 52 min ago	0.33 bp	6.2 bp −$6	7.2 bp −$72	26.5 bp −$2,655	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5114	−0.040%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5114	−0.039%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5113	−0.049%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5120	0.000%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5115	−0.035%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.910%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5113	−0.048%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5115	−0.033%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5115	−0.033%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5110	−0.066%	$10K	$356K	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	1.5118	−0.014%	$985K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5102	−0.116%	$38.9M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5117	−0.017%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5102	−0.119%	$531.1M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5103	−0.112%	$342.5M	$948.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5102	−0.119%	$124.9M	$884.9M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5150	+0.198%	$563K	$27K	5x
Arcus XRP-USDlong	+0.0100%	1h	1.5120	long leg	$137K	$722K	20x
Gate XRP_USDT	+0.0100%	8h	1.5110	−0.066%	$372.6M	$158.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5108	−0.079%	$293.9M	$910.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5110	−0.066%	$108.1M	$178.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5105	−0.099%	$268.1M	$391.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5110	−0.066%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.178%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.164%	$658K	$111.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.192%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	+0.119%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5118	−0.012%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5120	0.000%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.060%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5111	−0.060%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	−0.041%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5119	−0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	−0.046%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5119	−0.009%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	−0.040%	$53.8M	$31.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.083%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5121	+0.007%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5112	−0.056%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5113	−0.047%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5116	−0.026%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	1.5122	+0.013%	$1.8M	$35.4M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5119	−0.007%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5114	−0.038%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5106	−0.093%	$24.1M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0229%	1h	1.5120	0.000%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5146	+0.175%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0356%	1h	1.5119	−0.007%	$290.1M	$256.0M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5118	−0.012%	$516K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.198%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0629%	1h	1.5135	+0.096%	$2K	$15K	10x	as long as short