Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.035%

Price spread now: Extended against BloFin−0.268%54s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.185% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 3 days (all we have)+0.318%+$32 · spread now −0.268%, 7d avg −0.039%

Together, before fees+0.212%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.229% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.039%). Swap the legs. The two prices were read 54 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	BloFin XRP-USDT	1.5355	0.0220	pay 0.0220% / 8h	7h 06m	$24.1M	$74.0M	125x
Short	Extended XRP-USD	1.5314	0.0104	get 0.0013% / 1h	6m 08s	$2.1M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.268%Rate

Funding earned: −$24.36
Price spread: −0.268% → −0.039%: −$22.89
Slippage, 4 orders: −$1.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.71
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Extended: 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	0.33 bp	6.3 bp −$6	6.9 bp −$69	12.5 bp −$1,252	28.0 bp −$14.0K
Sell Extended live order book, 3 min ago	0.32 bp	2.8 bp −$3	4.8 bp −$48	doesn't fit	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	1.5344	−0.072%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	−0.218%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5315	−0.263%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5324	−0.202%	$9.3M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0072%	1h	1.5313	−0.272%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.335%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5316	−0.254%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5313	−0.274%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5327	−0.185%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5329	−0.169%	$514K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5319	−0.234%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5321	−0.221%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5328	−0.173%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5315	−0.262%	$38.7M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5327	−0.183%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5325	−0.197%	$541.4M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5320	−0.228%	$341.6M	$918.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5314	−0.267%	$124.4M	$866.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5351	−0.026%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5323	−0.208%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	−0.035%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5317	−0.247%	$373.9M	$152.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5319	−0.234%	$304.1M	$915.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5321	−0.222%	$111.0M	$167.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5308	−0.306%	$268.4M	$375.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5317	−0.247%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	−0.263%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5376	+0.137%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	0.000%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.228%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5325	−0.195%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5319	−0.234%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5316	−0.251%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5318	−0.241%	$825K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5331	−0.160%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5325	−0.195%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5323	−0.206%	$50.3M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5327	−0.182%	$54.5M	$29.6M	50x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5314	−0.268%	$2.1M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5318	−0.241%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5315	−0.262%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5355	long leg	$24.1M	$74.0M	125x
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5329	−0.169%	$5.7M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5323	−0.205%	$14.5M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5349	−0.039%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0312%	1h	1.5359	+0.026%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5340	−0.098%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0373%	1h	1.5330	−0.163%	$289.9M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.033%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5322	−0.214%	$542K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0836%	1h	1.5349	−0.037%	$2K	$13K	10x	as long as short