Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX+0.087%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.087%, 7d avg +0.020%

Together, before fees+0.119%+$12 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 SunX is 0.068% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5128	0	get 0.0000% / 1h	1m 52s	$1.1M	$110K	10x
Short	SunX XRP-USDT	1.5142	0.0100	get 0.0100% / 8h	6h 01m	$127K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $21
Price spread: +0.087% → +0.020%: $6.79
Slippage, 4 orders: −$77.15
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$67.36
Costs to cover: 0.951%
Break-even: 29.5 days

Slippage from dYdX: live order book, 2 min ago; SunX: live order book, 4 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	17.82 bp	24.0 bp −$24	29.5 bp −$295	73.0 bp −$7,298	124.1 bp −$62.0K
Sell SunX live order book, 4 min ago	17.61 bp	26.7 bp −$27	36.1 bp −$361	doesn't fit	doesn't fit

XRP on 50 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	1.5153	+0.162%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5128	long leg	$1.1M	$110K	10x
Phoenix XRP	0.0000%	1h	1.5170	+0.274%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5135	+0.046%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0053%	1h	1.5135	+0.041%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.852%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5132	+0.026%	$14.5M	$72.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5137	+0.056%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5124	−0.030%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5133	+0.030%	$509K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5123	−0.036%	$10K	$299K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5124	−0.033%	$974K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5135	+0.042%	$38.4M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5126	−0.019%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5137	+0.056%	$536.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5133	+0.030%	$341.4M	$926.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	+0.017%	$124.6M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5128	−0.003%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	+0.037%	$115K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.103%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	+0.037%	$368.1M	$153.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5136	+0.050%	$293.2M	$919.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5134	+0.035%	$106.6M	$170.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5127	−0.010%	$266.9M	$380.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5136	+0.050%	—	$126.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.082%	$6.3M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5131	+0.018%	$657K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5161	+0.214%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5137	+0.056%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5139	+0.073%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	+0.076%	$42K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5139	+0.067%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	+0.061%	$814K	$75K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5142	+0.087%	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5135	+0.043%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	+0.054%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5137	+0.056%	$53.9M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	+0.012%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5132	+0.023%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5133	+0.033%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5133	+0.030%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5137	+0.056%	$7.7M	$25.1M	50x	as long as short
Hyperliquid XRP	+0.0157%	1h	1.5138	+0.063%	$280.1M	$219.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5136	+0.051%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5142	+0.089%	$5.7M	$46.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5161	+0.217%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5144	+0.103%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0359%	8h	1.5135	+0.043%	$2.1M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5135	+0.043%	$527K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0766%	1h	1.5149	+0.137%	$2K	$14K	10x	as long as short