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% APRpaid last 24h 0.000%

Price spread now: SunX against Arcus+0.065%7-day average +0.022% · 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−$53as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.065%, 7d avg +0.022%

Together, before fees−0.285%−$29 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: SunX is 0.044% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5202	0.0100	pay 0.0013% / 1h	53m 00s	$118K	$706K	20x
Short	SunX XRP-USDT	1.5212	0.0100	get 0.0100% / 8h	3h 53m	$127K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.022%: $4.35
Slippage, 4 orders: −$45.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.36
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Arcus: live order book, 66 min ago; SunX: live order book, 13 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, 66 min ago	1.32 bp	5.3 bp −$5	13.0 bp −$130	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	16.64 bp	24.8 bp −$25	36.5 bp −$365	doesn't fit	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	1.5176	−0.171%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5186	−0.107%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5207	+0.033%	$254K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5210	+0.054%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.355%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0049% / S +0.0017%	1h	1.5206	+0.025%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5212	+0.066%	$7.7M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5214	+0.076%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5214	+0.079%	$499K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5209	+0.046%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0098%	8h	1.5201	−0.007%	$12K	$337K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	+0.056%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5211	+0.059%	$38.5M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5192	−0.064%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5211	+0.057%	$534.6M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5218	+0.105%	$348.4M	$940.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5218	+0.105%	$127.8M	$885.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.184%	$563K	$28K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5202	long leg	$118K	$706K	20x
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.138%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5207	+0.033%	$372.1M	$153.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5209	+0.046%	$293.5M	$896.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5211	+0.061%	$108.7M	$176.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5221	+0.125%	$269.7M	$387.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5207	+0.033%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.415%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.234%	$659K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.421%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	−0.118%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5211	+0.059%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5207	+0.033%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5211	+0.059%	$818K	$72K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5212	+0.065%	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5209	+0.046%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5212	+0.066%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5209	+0.046%	$54.2M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5192	−0.068%	$474K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	−0.019%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	+0.109%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5207	+0.030%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5203	+0.007%	$9K	$8K	10x	as long as short
Hyperliquid XRP	+0.0144%	1h	1.5219	+0.112%	$281.5M	$227.7M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5215	+0.086%	$5.6M	$47.4M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5209	+0.047%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.013%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5183	−0.122%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5221	+0.125%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5202	0.000%	$2.0M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5203	+0.008%	$518K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.276%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0654%	1h	1.5161	−0.270%	$2K	$15K	10x	as long as short