Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bybit against dYdX+0.001%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.001%, 7d avg −0.007%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5249	0	get 0.0000% / 1h	28m 40s	$1.1M	$99K	10x
Short	Bybit XRPUSDT	1.5249	0.0100	get 0.0100% / 8h	2h 28m	$341.4M	$834.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.001%Rate

Funding earned: $21
Price spread: +0.001% → −0.007%: $0.85
Slippage, 4 orders: −$48.51
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.66
Costs to cover: 0.695%
Break-even: 22.9 days

Slippage from dYdX: live order book, just now; Bybit: live order book, 6 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, just now	19.36 bp	28.2 bp −$28	53.9 bp −$539	95.7 bp −$9,574	136.2 bp −$68.1K
Sell Bybit live order book, 6 min ago	0.33 bp	8.1 bp −$8	9.5 bp −$95	16.1 bp −$1,609	28.2 bp −$14.1K

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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5244	−0.034%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5251	+0.014%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5249	long leg	$1.1M	$99K	10x
Phoenix XRP	0.0000%	1h	1.5220	−0.189%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5253	+0.027%	$9.2M	$24.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5244	−0.029%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.270%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5243	−0.038%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5250	+0.010%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5252	+0.021%	$443K	$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	1.5244	−0.028%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5253	+0.025%	$38.8M	$71.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5250	+0.008%	$664K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5247	−0.012%	$545.4M	$1.84B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5249	+0.001%	$341.4M	$834.2M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5245	−0.025%	$122.9M	$827.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	−0.137%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5251	+0.014%	$114K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.313%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5247	−0.012%	$356.1M	$129.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5248	−0.006%	$288.7M	$803.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5248	−0.007%	$113.1M	$147.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5246	−0.019%	$265.4M	$338.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5245	−0.025%	—	$113.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.289%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5202	−0.308%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.183%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.294%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5237	−0.078%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5243	−0.038%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5242	−0.042%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5247	−0.015%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5248	−0.004%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5248	−0.006%	$27K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5227	−0.141%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5249	+0.001%	$54.5M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5249	0.000%	$475K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5253	+0.027%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5245	−0.024%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5247	−0.012%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0126%	1h	1.5260	+0.073%	$1.7M	$915K	25x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5251	+0.014%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5251	+0.013%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5253	+0.027%	$5.4M	$43.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0207%	8h	1.5237	−0.078%	$1.7M	$31.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5244	−0.032%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5233	−0.104%	$23.8M	$66.4M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5206	−0.280%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5255	+0.043%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0451%	1h	1.5270	+0.139%	$280.0M	$181.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0546%	1h	1.5235	−0.091%	$1K	$11K	10x	as long as short