Funding arb · Price arb /

XRP

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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: Arcus against Derive+0.179%101s7-day average +0.002% · you sell dearer than you buy

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

Long on Derive Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.179%, 7d avg +0.002%

Together, before fees−0.098%−$10 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: Arcus is 0.177% dearer against Derive than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5164	0.0100	pay 0.0013% / 1h	0m 30s	$816K	$77K	10x
Short	Arcus XRP-USD	1.5191	0.0100	get 0.0013% / 1h	0m 30s	$144K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Derive. 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 DerivebpFee ArcusbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.002%: $17.72
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $7.22
Costs to cover: 0.105%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Arcus: live order book, 38 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 Derive no order-book sample	—	—	—	—	—
Sell Arcus live order book, 38 min ago	0.99 bp	4.9 bp −$5	8.9 bp −$89	28.0 bp −$2,798	doesn't fit

Derive: 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	1.5184	+0.133%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5176	+0.078%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5177	+0.087%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5179	+0.100%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.613%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5172	+0.054%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5167	+0.024%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5183	+0.123%	$2.8M	$15.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5187	+0.153%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5177	+0.087%	$20K	$383K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5180	+0.110%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5185	+0.140%	$38.5M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5185	+0.140%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5183	+0.129%	$530.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5180	+0.107%	$350.4M	$948.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5181	+0.113%	$127.5M	$863.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.074%	$564K	$33K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5191	+0.179%	$144K	$715K	20x
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.166%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5184	+0.133%	$378.0M	$163.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5185	+0.140%	$311.0M	$931.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5184	+0.131%	$106.8M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5181	+0.113%	$269.2M	$388.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5183	+0.127%	—	$107.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	+0.024%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.021%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5176	+0.080%	$1.1M	$33.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.018%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5184	+0.132%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5183	+0.127%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5179	+0.100%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5174	+0.067%	$77K	$689K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5164	long leg	$816K	$77K	10x
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.044%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5171	+0.048%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5184	+0.133%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5182	+0.120%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	+0.164%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5181	+0.112%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5187	+0.153%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	+0.057%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0073%	1h	1.5177	+0.084%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0147%	1h	1.5192	+0.187%	$290.0M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5175	+0.074%	$1.8M	$33.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5189	+0.166%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5191	+0.179%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5173	+0.061%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5178	+0.091%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5190	+0.173%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.107%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0573%	1h	1.5181	+0.111%	$2K	$16K	10x	as long as short