Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Bulk+0.563%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$40as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Bulk Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.575%−$57 · spread now +0.563%, 7d avg −0.028%

Together, before fees−0.575%−$57 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: Arcus is 0.591% dearer against Bulk than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5101	0.0100	pay 0.0013% / 1h	27m 18s	$1.6M	$307K	20x
Short	Arcus XRP-USD	1.5186	0.0100	get 0.0013% / 1h	27m 18s	$115K	$700K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bulk. 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 BulkbpFee ArcusbpOrdersPrice spread, now +0.563%Rate

Funding earned: $0
Price spread: +0.563% → −0.028%: $59.13
Slippage, 4 orders: −$7.49
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $40.14
Costs to cover: 0.190%
Break-even: from the start

Slippage from Bulk: live order book, 2 min ago; Arcus: live order book, 42 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 Bulk live order book, 2 min ago	0.99 bp	4.5 bp −$4	6.6 bp −$66	14.1 bp −$1,406	28.8 bp −$14.4K
Sell Arcus live order book, 42 min ago	1.30 bp	5.0 bp −$5	12.6 bp −$126	doesn't fit	doesn't fit

XRP on 50 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	1.5184	+0.550%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.506%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.391%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.550%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5184	+0.548%	$804K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.040%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5184	+0.547%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5189	+0.583%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5185	+0.556%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5184	+0.550%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5173	+0.477%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5188	+0.578%	$890K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5192	+0.600%	$38.7M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5189	+0.582%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5179	+0.516%	$538.4M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5183	+0.543%	$342.3M	$940.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5185	+0.556%	$124.6M	$873.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	+0.483%	$564K	$28K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5186	+0.563%	$115K	$700K	20x
Bulk XRP-USDlong	+0.0100%	1h	1.5101	long leg	$1.6M	$307K	20x
Gate XRP_USDT	+0.0100%	8h	1.5189	+0.583%	$369.6M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5190	+0.589%	$291.1M	$911.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5189	+0.583%	$107.3M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5189	+0.583%	$266.3M	$383.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5182	+0.536%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	+0.339%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	+0.418%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	+0.417%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	+0.517%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5187	+0.573%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	+0.596%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	+0.583%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.595%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	+0.570%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.550%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.561%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	+0.510%	$54.0M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	+0.575%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5186	+0.560%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	+0.558%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5190	+0.589%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5190	+0.589%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5188	+0.577%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	+0.609%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0222%	1h	1.5199	+0.649%	$281.3M	$223.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	+0.486%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5191	+0.596%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0362%	1h	1.5193	+0.609%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5192	+0.602%	$538K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5159	+0.383%	$2K	$14K	10x	as long as short