Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bybit−0.028%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.028%, 7d avg +0.009%

Together, before fees−0.007%−$1 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 dYdX is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5228	0.0100	pay 0.0100% / 8h	3h 50m	$348.7M	$940.9M	100x
Short	dYdX XRP-USD	1.5224	0	get 0.0000% / 1h	50m 39s	$1.1M	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$21
Price spread: −0.028% → +0.009%: −$3.7
Slippage, 4 orders: −$38.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$83.74
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; dYdX: 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 Bybit live order book, 4 min ago	0.33 bp	6.6 bp −$7	8.2 bp −$82	14.1 bp −$1,409	28.1 bp −$14.1K
Sell dYdX live order book, 3 min ago	17.80 bp	22.8 bp −$23	22.8 bp −$228	55.4 bp −$5,540	109.9 bp −$55.0K

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	+0.105%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5224	−0.028%	$1.1M	$111K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	+0.077%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5239	+0.072%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5230	+0.016%	$14.5M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.180%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	+0.068%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5230	+0.016%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5230	+0.013%	$499K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5239	+0.072%	$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	1.5228	0.000%	$12K	$343K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	+0.119%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5232	+0.024%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	+0.014%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5228	+0.003%	$535.3M	$2.14B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5228	long leg	$348.7M	$940.9M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5226	−0.013%	$127.6M	$887.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5232	+0.026%	$566K	$29K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5228	0.000%	$118K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.309%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5227	−0.007%	$372.7M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	−0.033%	$290.3M	$897.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5230	+0.011%	$108.9M	$176.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5222	−0.039%	$269.5M	$388.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5225	−0.020%	—	$127.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5243	+0.097%	$4.8M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.232%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.048%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.144%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	+0.075%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	+0.112%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	+0.112%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	+0.071%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5241	+0.084%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5235	+0.046%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5244	+0.105%	$49.9M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5225	−0.020%	$54.3M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5226	−0.011%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	−0.057%	$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	+0.144%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5244	+0.105%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.126%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5224	−0.026%	$24.2M	$76.0M	125x	as long as short
Hyperliquid XRP	+0.0228%	1h	1.5243	+0.099%	$292.7M	$234.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	−0.024%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0326%	1h	1.5243	+0.099%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5245	+0.112%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5230	+0.011%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.447%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	−0.298%	$2K	$15K	10x	as long as short