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: OKX against dYdX−0.071%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.071%, 7d avg −0.009%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.062% cheaper against dYdX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.009%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5422	0	get 0.0000% / 1h	8m 40s	$1.1M	$101K	10x
Short	OKX XRP-USDT-SWAP	1.5411	0.0100	get 0.0100% / 8h	2h 08m	$126.1M	$847.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $21
Price spread: −0.071% → −0.009%: −$6.22
Slippage, 4 orders: −$33.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.45
Costs to cover: 0.532%
Break-even: 19.8 days

Slippage from dYdX: live order book, just now; OKX: live order book, 5 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	15.24 bp	20.2 bp −$20	20.2 bp −$202	20.2 bp −$2,024	62.3 bp −$31.2K
Sell OKX live order book, 5 min ago	0.32 bp	6.7 bp −$7	9.3 bp −$93	18.5 bp −$1,848	33.4 bp −$16.7K

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	1.5416	−0.038%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5422	long leg	$1.1M	$101K	10x
Phoenix XRP	0.0000%	1h	1.5450	+0.182%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5433	+0.072%	$9.4M	$24.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5432	+0.066%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.856%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5438	+0.104%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0169%	1h	1.5431	+0.061%	$909K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5424	+0.015%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5422	0.000%	$446K	$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	1.5442	+0.133%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5417	−0.033%	$39.3M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5419	−0.018%	$674K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5414	−0.054%	$554.6M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5415	−0.045%	$346.7M	$852.3M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5411	−0.071%	$126.1M	$847.0M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	−0.084%	$574K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5423	+0.007%	$119K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.322%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5413	−0.058%	$368.2M	$133.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5414	−0.051%	$293.6M	$821.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5414	−0.050%	$112.2M	$149.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5414	−0.051%	$267.1M	$346.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5416	−0.038%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.423%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.271%	$671K	$95.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5471	+0.320%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5489	+0.435%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5442	+0.130%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5445	+0.150%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5435	+0.085%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5432	+0.064%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5450	+0.185%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5429	+0.046%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5420	−0.010%	$50.8M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5415	−0.045%	$55.1M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.048%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5417	−0.032%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5413	−0.059%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5431	+0.061%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5421	−0.006%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5427	+0.033%	$15.7M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5440	+0.117%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5421	−0.006%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5436	+0.088%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5429	+0.046%	$24.2M	$68.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5481	+0.383%	$19K	$66K	7x	as long as short
Kalshi KXXRPPERP	+0.0299%	8h	1.5457	+0.227%	$1.8M	$32.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5426	+0.024%	$405K	$499K	10x	as long as short
Hyperliquid XRP	+0.0507%	1h	1.5447	+0.163%	$284.6M	$190.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0532%	1h	1.5450	+0.179%	$1K	$11K	10x	as long as short