Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget+0.026%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.026%, 7d avg −0.006%

Together, before fees−0.042%−$4 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: Bybit is 0.033% dearer against Bitget than usual: you sell high and buy low, +$3 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	Bitget XRPUSDT	1.5161	0.0100	pay 0.0100% / 8h	6h 53m	$264.6M	$382.6M	125x
Short	Bybit XRPUSDT	1.5165	0.0100	get 0.0100% / 8h	6h 53m	$339.8M	$931.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.006%: $3.28
Slippage, 4 orders: −$2.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.66
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Bybit: live order book, 6 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 Bitget live order book, 6 min ago	0.33 bp	6.3 bp −$6	8.2 bp −$82	20.9 bp −$2,085	42.3 bp −$21.2K
Sell Bybit live order book, 6 min ago	0.33 bp	6.0 bp −$6	8.6 bp −$86	15.8 bp −$1,583	26.3 bp −$13.1K

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
ApeX Omni XRPUSDT	−0.0111%	1h	1.5197	+0.237%	$1.2M	$1.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5102	−0.389%	$5K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5147	−0.094%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.073%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5159	−0.013%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0021% / S +0.0068%	1h	1.5156	−0.030%	$831K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.632%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5130	−0.206%	$14.7M	$72.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5168	+0.046%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5144	−0.111%	$2.8M	$14.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5151	−0.066%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5150	−0.073%	$10K	$288K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	−0.053%	$890K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	−0.095%	$38.3M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5149	−0.082%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5165	+0.028%	$534.1M	$2.09B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5165	+0.026%	$339.8M	$931.7M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5167	+0.040%	$122.3M	$868.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5144	−0.112%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5153	−0.053%	$117K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.277%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5163	+0.013%	$366.2M	$148.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	+0.013%	$292.7M	$892.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5157	−0.028%	$109.0M	$170.4M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5161	long leg	$264.6M	$382.6M	125x
BingX XRP-USDT	+0.0100%	8h	1.5161	0.000%	—	$126.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5096	−0.428%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	+0.210%	$660K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5109	−0.341%	$1.1M	$38.2M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	−0.067%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5159	−0.013%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	+0.007%	$41K	$70K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5125	−0.240%	$814K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5119	−0.276%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	−0.185%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5097	−0.424%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5130	−0.204%	$53.7M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5143	−0.119%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5147	−0.092%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5124	−0.242%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5158	−0.020%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0146%	1h	1.5167	+0.040%	$280.8M	$221.8M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0213%	1h	1.5140	−0.139%	$9.1M	$25.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5159	−0.012%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5138	−0.152%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5074	−0.574%	$24.0M	$74.5M	125x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5111	−0.330%	$1.9M	$35.4M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5104	−0.376%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5150	−0.073%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5156	−0.033%	$537K	$778K	10x	as long as short
Aftermath Perps XRPUSD	+0.0835%	1h	1.5175	+0.091%	$2K	$14K	10x	as long as short