Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.067%

Price spread now: edgeX against Coinbase International+0.294%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs+$8as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 3 days (all we have)−0.425%−$42 · spread now +0.294%, 7d avg −0.051%

Together, before fees−0.573%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.345% dearer against Coinbase International than usual: you sell high and buy low (spread +0.294% now, against its 7-day average of −0.051%): +$35 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5603	0.0224	pay 0.0028% / 1h	49m 38s	$5.9M	$47.7M	50x
Short	edgeX XRPUSDC	1.5649	0.0100	get 0.0050% / 4h	49m 38s	$681K	$103.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.294%Rate

Funding earned: −$26.04
Price spread: +0.294% → −0.051%: $34.5
Slippage, 4 orders: −$7.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.74
Costs to cover: 0.262%
Break-even: from the start

Slippage from Coinbase International: live order book, 5 min ago; edgeX: live order book, 5 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 Coinbase International live order book, 5 min ago	0.64 bp	7.3 bp −$7	9.7 bp −$97	20.2 bp −$2,019	doesn't fit
Sell edgeX live order book, 5 min ago	0.96 bp	5.5 bp −$5	5.6 bp −$56	8.6 bp −$863	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	1.5593	−0.064%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5597	−0.039%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5690	+0.558%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5599	−0.026%	$9.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5602	−0.006%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0107%	1h	1.5601	−0.013%	$858K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5595	−0.051%	$15.7M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5601	−0.013%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.276%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5593	−0.061%	$3.0M	$12.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5605	+0.013%	$445K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5598	−0.032%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5602	−0.008%	$39.6M	$79.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5598	−0.034%	$642K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5585	−0.116%	$558.0M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5589	−0.090%	$347.1M	$913.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5588	−0.096%	$127.4M	$889.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5650	+0.301%	$582K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5592	−0.070%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.193%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5585	−0.115%	$372.9M	$143.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5591	−0.077%	$301.9M	$864.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5601	−0.012%	$113.4M	$162.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5583	−0.128%	$272.4M	$369.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5587	−0.103%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.196%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5649	+0.294%	$681K	$103.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	+0.202%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5691	+0.564%	$1.0M	$887K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5615	+0.079%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5609	+0.038%	$45K	$451K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5600	−0.017%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5603	+0.002%	$840K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5610	+0.045%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5593	−0.064%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5601	−0.013%	$51.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5596	−0.045%	$55.5M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5589	−0.092%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5591	−0.077%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5586	−0.111%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5601	−0.011%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5592	−0.070%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5604	+0.004%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5625	+0.141%	$24.4M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0224%	1h	1.5603	long leg	$5.9M	$47.7M	50x
Hibachi XRP/USDT-P	+0.0272%	1h	1.5639	+0.230%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5634	+0.199%	$2.0M	$33.6M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0378%	1h	1.5603	0.000%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0594%	1h	1.5623	+0.126%	$297.6M	$207.7M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5596	−0.043%	$509K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0778%	1h	1.5631	+0.181%	$1K	$11K	10x	as long as short