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: Derive against Bitget−0.103%50s7-day average +0.001% · you buy dearer than you sell

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

Long on Bitget Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.103%, 7d avg +0.001%

Together, before fees+0.041%+$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: Derive is 0.104% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5246	0.0100	pay 0.0100% / 8h	3h 31m	$270.4M	$389.0M	125x
Short	Derive XRP-PERP	1.5230	0.0100	get 0.0013% / 1h	31m 34s	$819K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.001%: −$10.42
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$28.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Derive: 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 Bitget live order book, 3 min ago	0.33 bp	6.4 bp −$6	9.1 bp −$91	20.8 bp −$2,081	33.6 bp −$16.8K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5223	−0.151%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5227	−0.123%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	−0.119%	$254K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5228	−0.117%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.060%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0053% / S +0.0011%	1h	1.5227	−0.125%	$807K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5233	−0.085%	$7.8M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5238	−0.052%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5242	−0.026%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5236	−0.066%	$12K	$347K	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	1.5246	0.000%	$996K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5243	−0.023%	$38.5M	$85.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5236	−0.066%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5243	−0.023%	$537.0M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5251	+0.033%	$348.4M	$942.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5254	+0.052%	$127.3M	$890.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	−0.223%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5242	−0.026%	$134K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.223%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5233	−0.085%	$372.9M	$154.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5246	0.000%	$296.4M	$902.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5239	−0.045%	$109.4M	$177.3M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5246	long leg	$270.4M	$389.0M	125x
BingX XRP-USDC	+0.0100%	8h	1.5230	−0.105%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.270%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5206	−0.265%	$660K	$109.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5216	−0.198%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	−0.249%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5242	−0.029%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5250	+0.026%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5242	−0.026%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5228	−0.118%	$62K	$934K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5230	−0.103%	$819K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.097%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5228	−0.118%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5232	−0.094%	$49.8M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5230	−0.105%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5227	−0.126%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5231	−0.098%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5227	−0.128%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5244	−0.013%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5235	−0.072%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5245	−0.006%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5211	−0.230%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5228	−0.116%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5238	−0.052%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0328%	8h	1.5230	−0.105%	$2.0M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5241	−0.035%	$519K	$775K	10x	as long as short
Hyperliquid XRP	+0.0387%	1h	1.5267	+0.138%	$301.9M	$245.2M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	−0.039%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0687%	1h	1.5217	−0.190%	$2K	$15K	10x	as long as short