Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit+0.171%7-day average 0.000% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.187%−$19 · spread now +0.171%, 7d avg 0.000%

Together, before fees−0.181%+ Points / potential airdropVariational Omni: Active · farm board−$18 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: Variational Omni is 0.172% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5103	0.0100	pay 0.0100% / 8h	4h 48m	$343.7M	$930.8M	100x
Short	Variational Omni XRP	1.5129	0.0100	get 0.0100% / 8h	4h 48m	$5.4M	$37.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → 0.000%: $17.16
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.16
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Bybit live order book, 1 min ago	0.33 bp	6.1 bp −$6	8.1 bp −$81	14.2 bp −$1,418	25.3 bp −$12.6K
Sell Variational Omni RFQ quote, 1 min ago	2.02 bp	doesn't fit	7.2 bp −$72	27.4 bp −$2,738	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	1.5106	+0.020%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5103	−0.002%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5103	0.000%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.444%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5106	+0.020%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	+0.034%	$252K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.026%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0038% / S +0.0032%	1h	1.5107	+0.029%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0040%	1h	1.5116	+0.086%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5111	+0.053%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5107	+0.030%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5109	+0.040%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5111	+0.053%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5115	+0.083%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5120	+0.113%	$280.7M	$224.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5108	+0.036%	$38.2M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5107	+0.023%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5105	+0.010%	$532.1M	$2.11B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5103	long leg	$343.7M	$930.8M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5112	+0.060%	$125.5M	$871.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5108	+0.033%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5113	+0.066%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.406%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5104	+0.007%	$367.5M	$152.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5107	+0.026%	$296.9M	$895.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5111	+0.056%	$107.9M	$173.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5105	+0.013%	$267.0M	$383.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5103	0.000%	—	$4.1M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5129	+0.171%	$5.4M	$37.4M	—
edgeX XRPUSDC	+0.0100%	4h	1.5155	+0.347%	$658K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	+0.391%	$1.1M	$35.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5136	+0.218%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5113	+0.063%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5111	+0.053%	$42K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5108	+0.036%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5111	+0.055%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5116	+0.089%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5104	+0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5103	+0.003%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5109	+0.040%	$53.9M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5107	+0.024%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5104	+0.009%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5103	−0.003%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0146%	1h	1.5119	+0.106%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5104	+0.008%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5109	+0.040%	$5.6M	$46.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5107	+0.027%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5114	+0.073%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5112	+0.060%	$2.0M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5122	+0.127%	$515K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0687%	1h	1.5138	+0.231%	$2K	$15K	10x	as long as short