Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0556%/8h= +60.8% APRpaid last 24h +0.181%

Price spread now: Aftermath Perps against edgeX+0.031%68s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aftermath Perps is 0.031% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5144	0.0100	pay 0.0050% / 4h	3h 10m	$658K	$110.7M	30x
Short	Aftermath Perps XRPUSD	1.5149	0.0656	get 0.0082% / 1h	10m 12s	$2K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: $116.68
Price spread: +0.031% → 0.000%: $3.07
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $101.74
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: edgeX: live order book, 4 min ago; Aftermath Perps: 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 edgeX live order book, 4 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.6 bp −$859	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	1.5130	−0.092%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5132	−0.077%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5124	−0.130%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5132	−0.079%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5127	−0.109%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.748%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5122	−0.143%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	−0.078%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5132	−0.079%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5127	−0.112%	$10K	$351K	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	1.5128	−0.108%	$962K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5123	−0.138%	$38.9M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5132	−0.080%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5126	−0.118%	$533.2M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5124	−0.131%	$343.8M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5121	−0.151%	$125.3M	$882.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5148	+0.027%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	−0.065%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.036%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5124	−0.131%	$371.3M	$157.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5127	−0.112%	$297.3M	$908.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5131	−0.085%	$109.0M	$178.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5122	−0.145%	$268.6M	$390.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5123	−0.138%	—	$127.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.094%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5144	long leg	$658K	$110.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	−0.043%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	+0.040%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	−0.110%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5126	−0.118%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5122	−0.146%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5124	−0.131%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5125	−0.122%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5130	−0.089%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5128	−0.105%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.121%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5129	−0.098%	$53.8M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.090%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5124	−0.129%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5126	−0.120%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5134	−0.065%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5135	−0.059%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0197%	8h	1.5139	−0.032%	$1.9M	$35.3M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5123	−0.139%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5132	−0.079%	$24.3M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0240%	1h	1.5133	−0.072%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5137	−0.047%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5131	−0.084%	$515K	$775K	10x	as long as short
Hyperliquid XRP	+0.0394%	1h	1.5137	−0.046%	$296.4M	$252.5M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	−0.026%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSDshort	+0.0656%	1h	1.5149	+0.031%	$2K	$15K	10x