Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: edgeX against Derive−0.333%7-day average −0.020% · you buy dearer than you sell

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

Long on Derive Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.333%, 7d avg −0.020%

Together, before fees+0.147%+ Points / potential airdropedgeX: Active · farm board+$15 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: edgeX is 0.313% cheaper against Derive than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5191	0.0100	pay 0.0013% / 1h	55m 26s	$817K	$72K	10x
Short	edgeX XRPUSDC	1.5141	0.0100	get 0.0050% / 4h	3h 55m	$657K	$108.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.333%Rate

Funding earned: $0
Price spread: −0.333% → −0.020%: −$31.35
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; edgeX: live order book, 4 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 edgeX live order book, 4 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.9 bp −$888	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	1.5179	−0.082%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5181	−0.071%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.273%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	−0.036%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5149	−0.279%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5147	−0.291%	$14.3M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.426%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0017%	1h	1.5181	−0.070%	$791K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5189	−0.016%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5184	−0.051%	$2.8M	$14.6M	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	1.5166	−0.167%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5168	−0.154%	$11K	$334K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5174	−0.111%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5178	−0.089%	$38.4M	$83.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	−0.071%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5184	−0.047%	$534.1M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5193	+0.010%	$347.8M	$939.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5193	+0.010%	$127.9M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	−0.352%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5178	−0.088%	$118K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.510%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5184	−0.049%	$371.6M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5178	−0.088%	$292.5M	$895.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5180	−0.075%	$108.2M	$175.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5188	−0.023%	$268.8M	$386.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5190	−0.009%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.346%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5141	−0.333%	$657K	$108.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.352%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	−0.293%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	−0.130%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	−0.069%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	−0.069%	$41K	$68K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5191	long leg	$817K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5135	−0.371%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	−0.312%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	−0.307%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	−0.293%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	−0.133%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5171	−0.132%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5187	−0.028%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5180	−0.075%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0150%	1h	1.5191	−0.003%	$281.0M	$228.2M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	−0.253%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5179	−0.080%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5140	−0.339%	$24.2M	$76.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5133	−0.384%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5159	−0.214%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0259%	8h	1.5148	−0.286%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5180	−0.077%	$517K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0662%	1h	1.5149	−0.280%	$2K	$15K	10x	as long as short