Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.021%

Price spread now: Orderly against dYdX+0.192%7-day average −0.007% · you sell dearer than you buy

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

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.192%, 7d avg −0.007%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.199% dearer against dYdX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5322	0	get 0.0000% / 1h	6m 40s	$1.1M	$112K	10x
Short	Orderly PERP_XRP_USDC	1.5351	0.0064	get 0.0064% / 8h	7h 06m	$58K	$935K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.192%Rate

Funding earned: $13.49
Price spread: +0.192% → −0.007%: $19.92
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $17.42
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: dYdX: live order book, 2 min ago; Orderly: no order-book sample. 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 dYdX live order book, 2 min ago	25.07 bp	30.1 bp −$30	30.1 bp −$301	34.7 bp −$3,472	84.9 bp −$42.5K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	1.5344	+0.147%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5322	long leg	$1.1M	$112K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5346	+0.157%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0072%	1h	1.5345	+0.151%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.556%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDCshort	+0.0064%	8h	1.5351	+0.192%	$58K	$935K	50x
01 Exchange XRPUSD	+0.0072%	1h	1.5313	−0.056%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5340	+0.121%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5325	+0.023%	$514K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5319	−0.017%	$9K	$281K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5321	−0.003%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5328	+0.045%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5336	+0.097%	$38.7M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5327	+0.035%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5318	−0.023%	$541.2M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5318	−0.023%	$341.5M	$918.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5316	−0.036%	$124.4M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5351	+0.192%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5323	+0.010%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.183%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5318	−0.023%	$373.9M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5319	−0.017%	$303.9M	$915.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5329	+0.045%	$111.1M	$167.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5319	−0.017%	$268.6M	$375.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5317	−0.030%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5354	+0.212%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5376	+0.356%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.218%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.447%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	+0.174%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5349	+0.179%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5350	+0.184%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5354	+0.213%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5357	+0.234%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5351	+0.192%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5349	+0.179%	$50.3M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5351	+0.192%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5316	−0.038%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	+0.182%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5352	+0.199%	$9.3M	$24.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5343	+0.142%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5355	+0.218%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5358	+0.238%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5351	+0.190%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0312%	1h	1.5359	+0.244%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5374	+0.343%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5360	+0.251%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0375%	1h	1.5347	+0.166%	$290.2M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.251%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5322	+0.004%	$542K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0833%	1h	1.5354	+0.211%	$2K	$13K	10x	as long as short