Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: edgeX against Bullet−0.343%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: 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: edgeX is 0.343% cheaper against Bullet than usual: you would sell low and buy high, −$34 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	Bullet XRP-USD	1.5245	0.0100	pay 0.0013% / 1h	50m 47s	$41K	$68K	20x
Short	edgeX XRPUSDC	1.5193	0.0100	get 0.0050% / 4h	3h 50m	$660K	$109.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bullet. 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 BulletbpFee edgeXbpOrdersPrice spread, now −0.343%Rate

Funding earned: $0
Price spread: −0.343% → 0.000%: −$34.32
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; edgeX: live order book, 3 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.5 bp −$851	doesn't fit

Bullet: 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 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	1.5244	−0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	−0.004%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	−0.034%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5239	−0.039%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5230	−0.095%	$14.5M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.066%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	−0.043%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5232	−0.085%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5236	−0.059%	$499K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5239	−0.039%	$62K	$934K	50x	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	+0.0098%	8h	1.5239	−0.039%	$15K	$341K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	+0.007%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5233	−0.076%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5245	0.000%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5226	−0.125%	$535.2M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	−0.098%	$348.8M	$940.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5230	−0.098%	$127.6M	$887.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.466%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5246	+0.007%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.420%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5225	−0.131%	$372.6M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5226	−0.125%	$291.1M	$897.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5235	−0.068%	$108.9M	$176.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5228	−0.112%	$269.5M	$388.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5230	−0.098%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5243	−0.014%	$4.8M	$38.2M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5193	−0.343%	$660K	$109.1M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.159%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.256%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	−0.036%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	0.000%	$44K	$455K	20x	as long as short
Bullet XRP-USDlong	+0.0100%	1h	1.5245	long leg	$41K	$68K	20x
Derive XRP-PERP	+0.0100%	1h	1.5239	−0.040%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5241	−0.028%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5235	−0.066%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5244	−0.007%	$49.9M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5225	−0.131%	$54.3M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	−0.002%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5226	−0.122%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	−0.056%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5250	+0.033%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5244	−0.007%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.014%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5224	−0.138%	$24.2M	$76.0M	125x	as long as short
Hyperliquid XRP	+0.0224%	1h	1.5248	+0.020%	$292.8M	$234.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	−0.136%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0326%	1h	1.5243	−0.013%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5245	0.000%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5248	+0.017%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.558%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	−0.409%	$2K	$15K	10x	as long as short