Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%

Price spread now: Coinbase International against BloFin+0.019%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.019%, 7d avg +0.017%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5585	0.0220	pay 0.0220% / 8h	46m 40s	$24.5M	$74.5M	125x
Short	Coinbase International XRP-PERP-INTX	1.5588	0.0224	get 0.0028% / 1h	46m 40s	$5.9M	$47.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → +0.017%: $0.27
Slippage, 4 orders: −$7.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.81
Costs to cover: 0.299%
Break-even: 247.1 days

Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 2 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 BloFin live order book, 2 min ago	0.96 bp	7.0 bp −$7	7.4 bp −$74	12.3 bp −$1,226	23.8 bp −$11.9K
Sell Coinbase International live order book, 2 min ago	0.32 bp	8.0 bp −$8	10.1 bp −$101	21.9 bp −$2,195	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	1.5626	+0.263%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5603	+0.115%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5650	+0.417%	$70K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5567	−0.116%	$260K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0106%	1h	1.5568	−0.108%	$856K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0007%	1h	1.5576	−0.058%	$9.7M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5584	−0.007%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5570	−0.096%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.160%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5611	+0.169%	$3.0M	$12.6M	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	1.5619	+0.218%	$445K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5625	+0.260%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5618	+0.212%	$39.7M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5616	+0.199%	$642K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5627	+0.269%	$559.6M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5630	+0.289%	$348.3M	$913.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5628	+0.276%	$127.6M	$893.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.109%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5629	+0.282%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.309%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5624	+0.250%	$373.4M	$143.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5624	+0.250%	$303.4M	$867.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5609	+0.156%	$113.6M	$163.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5629	+0.282%	$273.3M	$369.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5622	+0.237%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.311%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	+0.051%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.128%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5640	+0.353%	$1.0M	$887K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	−0.104%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5570	−0.096%	$48K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5571	−0.090%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5573	−0.075%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5578	−0.046%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5579	−0.038%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5567	−0.119%	$51.1M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5580	−0.032%	$55.4M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5620	+0.225%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5629	+0.282%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5628	+0.279%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5575	−0.067%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5631	+0.295%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5562	−0.150%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5585	long leg	$24.5M	$74.5M	125x
Coinbase International XRP-PERP-INTXshort	+0.0224%	1h	1.5588	+0.019%	$5.9M	$47.7M	50x
Hibachi XRP/USDT-P	+0.0272%	1h	1.5580	−0.029%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5568	−0.109%	$1.9M	$33.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0378%	1h	1.5597	+0.077%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0620%	1h	1.5632	+0.302%	$297.8M	$208.7M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5640	+0.355%	$510K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0831%	1h	1.5606	+0.135%	$1K	$11K	10x	as long as short