Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Vest against Bulk−0.247%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.247% cheaper against Bulk than usual: you would sell low and buy high, −$25 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5429	0.0100	pay 0.0013% / 1h	21m 02s	$1.6M	$8K	20x
Short	Vest XRP-PERP	1.5391	0.0100	get 0.0013% / 1h	21m 02s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.247%Rate

Funding earned: $0
Price spread: −0.247% → 0.000%: −$24.73
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$33.73
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 1 min ago; Vest: no order-book sample. Net counts fees only.

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	0.65 bp	4.1 bp −$4	4.3 bp −$43	12.0 bp −$1,204	31.9 bp −$16.0K
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 exchanges

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	1.5371	−0.375%	$5K	$4K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5391	−0.246%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5383	−0.297%	$7.9M	$21.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5377	−0.333%	$250K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0016%	1h	1.5383	−0.297%	$14.1M	$72.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.850%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5399	−0.194%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5384	−0.289%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5386	−0.278%	$605K	$3.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5393	−0.231%	$17K	$77K	7x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0099%	8h	1.5388	−0.267%	$480K	$51K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5385	−0.284%	$10K	$397K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5395	−0.216%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5384	−0.291%	$39.6M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5394	−0.228%	$590K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5383	−0.297%	$536.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5384	−0.291%	$363.5M	$903.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5382	−0.304%	$124.6M	$848.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5390	−0.252%	$565K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5398	−0.200%	$165K	$714K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5429	long leg	$1.6M	$8K	20x
Gate XRP_USDT	+0.0100%	8h	1.5385	−0.284%	$379.8M	$160.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5381	−0.310%	$314.0M	$915.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5383	−0.299%	$107.1M	$182.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5383	−0.297%	$272.7M	$362.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5379	−0.323%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5376	−0.341%	$5.1M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5383	−0.298%	$668K	$110.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5374	−0.356%	$1.1M	$31.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5399	−0.194%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5391	−0.247%	—	$15K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5389	−0.259%	$53K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5377	−0.336%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5378	−0.330%	$68K	$600K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5395	−0.222%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5379	−0.323%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5384	−0.293%	$50.2M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5384	−0.291%	$54.9M	$33.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5378	−0.331%	$2.1M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5377	−0.334%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5385	−0.284%	$5.5M	$45.7M	50x	as long as short
Hyperliquid XRP	+0.0139%	1h	1.5399	−0.194%	$299.0M	$268.2M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0153% / S −0.0124%	1h	1.5377	−0.338%	$801K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0156%	8h	1.5397	−0.207%	$1.9M	$34.2M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0208%	1h	1.5395	−0.220%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5383	−0.297%	$23.9M	$79.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5392	−0.242%	$1.4M	$2K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5395	−0.217%	$515K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0461%	1h	1.5387	−0.269%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5400	−0.187%	$69K	$109K	15x	as long as short