Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX+0.088%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days−0.196%−$20 · spread now +0.088%, 7d avg −0.003%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.091% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5105	0	get 0.0000% / 1h	47m 29s	$1.1M	$114K	10x
Short	Bitget XRPUSDT	1.5118	0.0100	get 0.0100% / 8h	4h 47m	$267.3M	$383.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: $21
Price spread: +0.088% → −0.003%: $9.1
Slippage, 4 orders: −$25.03
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.94
Costs to cover: 0.470%
Break-even: 12.6 days

Slippage from dYdX: live order book, 2 min ago; Bitget: live order book, 2 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 dYdX live order book, 2 min ago	11.58 bp	17.8 bp −$18	23.3 bp −$233	43.3 bp −$4,332	86.2 bp −$43.1K
Sell Bitget live order book, 2 min ago	0.33 bp	6.3 bp −$6	8.0 bp −$80	16.3 bp −$1,628	31.5 bp −$15.8K

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	+0.009%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5103	−0.014%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5105	long leg	$1.1M	$114K	10x
Phoenix XRP	0.0000%	1h	1.5170	+0.432%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5106	+0.009%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	+0.023%	$252K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.014%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0038% / S +0.0032%	1h	1.5107	+0.018%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5137	+0.214%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5111	+0.042%	$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	+0.018%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5109	+0.029%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5120	+0.101%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5118	+0.091%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5116	+0.075%	$280.6M	$224.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5107	+0.016%	$38.2M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	+0.062%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5125	+0.133%	$532.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5118	+0.088%	$343.9M	$931.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5120	+0.101%	$125.6M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5108	+0.022%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5118	+0.088%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.394%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5119	+0.095%	$367.9M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5115	+0.068%	$297.1M	$895.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5107	+0.017%	$107.7M	$173.2M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5118	+0.088%	$267.3M	$383.2M	125x
BingX XRP-USDC	+0.0100%	8h	1.5114	+0.062%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	+0.160%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5107	+0.015%	$656K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	+0.047%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5111	+0.042%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5117	+0.082%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5111	+0.042%	$42K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5108	+0.024%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5111	+0.043%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5116	+0.078%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5104	−0.005%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5103	−0.009%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5109	+0.029%	$53.9M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5115	+0.069%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5117	+0.079%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5103	−0.015%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0146%	1h	1.5119	+0.095%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5104	−0.003%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5109	+0.029%	$5.6M	$46.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5107	+0.016%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5114	+0.062%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5112	+0.048%	$2.0M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5135	+0.204%	$515K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0687%	1h	1.5138	+0.219%	$2K	$15K	10x	as long as short