Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: dYdX against BloFin−0.052%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 3 days (all we have)+0.326%+$33 · spread now −0.052%, 7d avg −0.005%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5411	0.0220	pay 0.0220% / 8h	2h 06m	$24.2M	$69.0M	125x
Short	dYdX XRP-USD	1.5403	0	get 0.0000% / 1h	6m 18s	$1.1M	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$46.2
Price spread: −0.052% → −0.005%: −$4.63
Slippage, 4 orders: −$31.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$104.61
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; dYdX: live order book, 3 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, 3 min ago	0.65 bp	6.6 bp −$7	8.3 bp −$83	17.4 bp −$1,738	33.4 bp −$16.7K
Sell dYdX live order book, 3 min ago	15.24 bp	20.2 bp −$20	25.2 bp −$252	36.7 bp −$3,667	74.8 bp −$37.4K

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	1.5407	−0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5403	−0.052%	$1.1M	$101K	10x
Phoenix XRP	0.0000%	1h	1.5450	+0.253%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5405	−0.038%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5414	+0.019%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.785%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5408	−0.019%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0166%	1h	1.5405	−0.037%	$907K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5416	+0.030%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5421	+0.065%	$446K	$3.1M	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	1.5404	−0.049%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5408	−0.022%	$39.2M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5407	−0.026%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5414	+0.019%	$554.6M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5407	−0.026%	$346.5M	$852.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5405	−0.039%	$126.0M	$847.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	−0.013%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5423	+0.078%	$119K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.393%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5406	−0.032%	$367.5M	$134.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5406	−0.032%	$288.9M	$823.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5409	−0.015%	$112.0M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5407	−0.026%	$266.9M	$346.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5405	−0.039%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.494%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.209%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	−0.042%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5437	+0.169%	$1.0M	$879K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5411	0.000%	$50K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5408	−0.020%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5406	−0.029%	$830K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5410	−0.005%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5411	0.000%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5406	−0.035%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5416	+0.032%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5406	−0.035%	$480K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5405	−0.038%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5404	−0.045%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5408	−0.022%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5408	−0.018%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5412	+0.006%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5412	+0.003%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5415	+0.026%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5413	+0.013%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5406	−0.033%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5411	long leg	$24.2M	$69.0M	125x
Kalshi KXXRPPERP	+0.0301%	8h	1.5415	+0.026%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5416	+0.029%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5415	+0.028%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0512%	1h	1.5423	+0.078%	$284.1M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5427	+0.107%	$1K	$11K	10x	as long as short