Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: BloFin against dYdX+0.181%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 3 days (all we have)−0.455%−$45 · spread now +0.181%, 7d avg +0.005%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.176% dearer against dYdX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5452	0	get 0.0000% / 1h	11m 15s	$1.1M	$101K	10x
Short	BloFin XRP-USDT	1.5480	0.0220	get 0.0220% / 8h	2h 11m	$24.2M	$68.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.181%Rate

Funding earned: $46.2
Price spread: +0.181% → +0.005%: $17.56
Slippage, 4 orders: −$55.65
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.89
Costs to cover: 0.776%
Break-even: 9.1 days

Slippage from dYdX: live order book, 3 min ago; BloFin: live order book, 8 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, 3 min ago	25.56 bp	30.6 bp −$31	30.6 bp −$306	130.3 bp −$13.0K	298.3 bp −$149.2K
Sell BloFin live order book, 8 min ago	2.27 bp	8.3 bp −$8	9.0 bp −$90	14.1 bp −$1,405	25.7 bp −$12.9K

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	1.5439	−0.084%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5452	long leg	$1.1M	$101K	10x
Phoenix XRP	0.0000%	1h	1.5470	+0.116%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	+0.105%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5466	+0.090%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.049%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5473	+0.136%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0171%	1h	1.5471	+0.120%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5469	+0.112%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5471	+0.123%	$447K	$3.1M	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	1.5486	+0.223%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5475	+0.146%	$39.4M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5459	+0.043%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5472	+0.131%	$556.6M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5474	+0.142%	$348.8M	$850.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5465	+0.084%	$126.4M	$848.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.162%	$574K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5475	+0.149%	$119K	$685K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.126%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5472	+0.129%	$369.3M	$133.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5476	+0.155%	$291.8M	$818.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5487	+0.225%	$112.2M	$148.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5463	+0.071%	$267.9M	$346.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5473	+0.136%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5430	−0.144%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.074%	$671K	$97.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5436	−0.102%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	+0.077%	$1.0M	$871K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5491	+0.252%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	+0.133%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.099%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5459	+0.043%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5460	+0.052%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	+0.112%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5473	+0.136%	$55.3M	$28.4M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5469	+0.113%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5470	+0.117%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5481	+0.187%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5458	+0.036%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5463	+0.072%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5487	+0.226%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5466	+0.088%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5495	+0.278%	$5.7M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5450	−0.013%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5479	+0.174%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5480	+0.181%	$24.2M	$68.7M	125x
Kalshi KXXRPPERP	+0.0284%	8h	1.5491	+0.252%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5441	−0.074%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5487	+0.227%	$407K	$499K	10x	as long as short
Hyperliquid XRP	+0.0505%	1h	1.5505	+0.343%	$285.7M	$190.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5444	−0.053%	$1K	$11K	10x	as long as short