Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: edgeX against Bulk−0.761%7-day average −0.041% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Bulk Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 7 days+0.751%+$75 · spread now −0.761%, 7d avg −0.041%

Together, before fees+0.604%+ Points / potential airdropedgeX: Active · farm board+$60 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: edgeX is 0.720% cheaper against Bulk than usual: you would sell low and buy high, −$72 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5683	0.0100	pay 0.0013% / 1h	33m 23s	$1.7M	$616K	20x
Short	edgeX XRPUSDC	1.5564	0.0100	get 0.0050% / 4h	1h 33m	$677K	$100.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.761%Rate

Funding earned: $0
Price spread: −0.761% → −0.041%: −$72.02
Slippage, 4 orders: −$2.71
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$90.73
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Bulk: live order book, 1 min ago; edgeX: live order book, 1 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, 1 min ago	0.32 bp	3.8 bp −$4	4.5 bp −$45	13.0 bp −$1,303	32.9 bp −$16.5K
Sell edgeX live order book, 1 min ago	0.96 bp	5.5 bp −$5	5.7 bp −$57	9.6 bp −$962	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	1.5537	−0.931%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5530	−0.976%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5542	−0.899%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5522	−1.028%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.506%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5545	−0.878%	$15.6M	$68.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5521	−1.033%	$77K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0129%	1h	1.5521	−1.032%	$914K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5540	−0.912%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5535	−0.944%	$455K	$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	1.5528	−0.985%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5535	−0.944%	$39.3M	$77.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5542	−0.902%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5523	−1.020%	$559.0M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5525	−1.007%	$348.5M	$886.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5521	−1.033%	$127.4M	$872.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5544	−0.886%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5542	−0.899%	$117K	$735K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5683	long leg	$1.7M	$616K	20x
Gate XRP_USDT	+0.0100%	8h	1.5522	−1.027%	$375.0M	$138.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5526	−1.001%	$289.9M	$841.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5524	−1.012%	$113.8M	$157.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5526	−1.001%	$270.5M	$359.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5523	−1.020%	—	$117.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	−0.563%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5564	−0.761%	$677K	$100.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	−0.820%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5582	−0.644%	$1.0M	$881K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5529	−0.982%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5523	−1.022%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5542	−0.900%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5509	−1.110%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5541	−0.905%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5525	−1.007%	$51.0M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5540	−0.912%	$55.4M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5530	−0.979%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5531	−0.969%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5536	−0.937%	$12K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5540	−0.914%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5541	−0.907%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5580	−0.654%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5543	−0.893%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5523	−1.023%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5552	−0.835%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5551	−0.842%	$24.5M	$73.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0273%	1h	1.5549	−0.854%	$1.8M	$988K	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5543	−0.893%	$1.9M	$32.5M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	−0.721%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5548	−0.859%	$510K	$622K	10x	as long as short
Hyperliquid XRP	+0.0603%	1h	1.5549	−0.854%	$290.6M	$200.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0709%	1h	1.5594	−0.569%	$1K	$11K	10x	as long as short