Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bitget+0.022%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.022%, 7d avg −0.002%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.024% dearer against Bitget than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.002%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5368	0.0100	pay 0.0100% / 8h	0m 39s	$268.8M	$377.9M	125x
Short	dYdX XRP-USD	1.5371	0	get 0.0000% / 1h	0m 39s	$1.1M	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$21
Price spread: +0.022% → −0.002%: $2.37
Slippage, 4 orders: −$47.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$87.89
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; dYdX: live order book, 4 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, 9 min ago	0.33 bp	6.3 bp −$6	8.3 bp −$83	17.1 bp −$1,711	27.6 bp −$13.8K
Sell dYdX live order book, 4 min ago	21.55 bp	29.7 bp −$30	45.4 bp −$454	74.0 bp −$7,404	104.1 bp −$52.0K

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	1.5372	+0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5371	+0.022%	$1.1M	$113K	10x
Phoenix XRP	0.0000%	1h	1.5350	−0.117%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5355	−0.083%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5354	−0.091%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5373	+0.031%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5365	−0.020%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5376	+0.052%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.249%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5369	+0.008%	$2.9M	$13.8M	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	1.5372	+0.026%	$514K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5347	−0.140%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5369	+0.004%	$38.9M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5370	+0.013%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5364	−0.026%	$542.2M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5366	−0.013%	$340.5M	$932.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5367	−0.007%	$125.8M	$886.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.312%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	0.000%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.227%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5368	0.000%	$372.6M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5367	−0.007%	$304.0M	$901.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5370	+0.014%	$109.5M	$167.0M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5368	long leg	$268.8M	$377.9M	125x
BingX XRP-USDT	+0.0100%	8h	1.5369	+0.007%	—	$123.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.140%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5324	−0.289%	$665K	$106.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.317%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5328	−0.260%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.130%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5356	−0.078%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5356	−0.080%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5369	+0.004%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.018%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5373	+0.033%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5366	−0.016%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.026%	$54.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	−0.004%	$479K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5366	−0.013%	$12K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5364	−0.029%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5363	−0.032%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5368	0.000%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5353	−0.101%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5374	+0.039%	$24.1M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5384	+0.104%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5381	+0.085%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5341	−0.177%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5384	+0.104%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0553%	1h	1.5385	+0.111%	$291.4M	$216.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5371	+0.019%	$526K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0781%	1h	1.5335	−0.217%	$1K	$11K	10x	as long as short