Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Arcus against edgeX+0.208%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.149%+$15 on $10k

Price spread, last 4 days (all we have)−0.516%−$52 · spread now +0.208%, 7d avg −0.005%

Together, before fees−0.367%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.213% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5175	0.0100	pay 0.0050% / 4h	3h 57m	$659K	$112.6M	30x
Short	Arcus XRP-USD	1.5207	0.0100	get 0.0013% / 1h	57m 33s	$144K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → −0.005%: $21.29
Slippage, 4 orders: −$7.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $0.36
Costs to cover: 0.209%
Break-even: from the start

Slippage from edgeX: live order book, 2 min ago; Arcus: live order book, 41 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 edgeX live order book, 2 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.4 bp −$842	doesn't fit
Sell Arcus live order book, 41 min ago	0.99 bp	4.9 bp −$5	8.9 bp −$89	28.0 bp −$2,798	doesn't fit

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
Phemex XRPUSDT	−0.1087%	8h	1.5177	+0.010%	$54.1M	$32.5M	50x	as long as short
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5178	+0.015%	$14.6M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	+0.082%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5186	+0.072%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	+0.168%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5185	+0.063%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.534%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5173	−0.017%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5192	+0.106%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5197	+0.142%	$605K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5196	+0.135%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	+0.072%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5203	+0.181%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	+0.114%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	+0.181%	$530.7M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5200	+0.161%	$353.0M	$949.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	+0.168%	$127.4M	$863.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−0.003%	$564K	$33K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5207	+0.208%	$144K	$715K	20x
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.092%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5196	+0.135%	$378.3M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5201	+0.168%	$311.9M	$910.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5200	+0.165%	$106.5M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	+0.161%	$269.6M	$388.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5197	+0.142%	—	$107.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.053%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5175	long leg	$659K	$112.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	+0.087%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	−0.016%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5200	+0.161%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.188%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5177	+0.011%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5189	+0.089%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5172	−0.020%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5191	+0.099%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5178	+0.016%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5182	+0.043%	$49.6M	$15.4M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5203	+0.183%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5193	+0.113%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5181	+0.039%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0074%	1h	1.5183	+0.050%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5206	+0.201%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5185	+0.063%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5200	+0.161%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0187%	1h	1.5215	+0.260%	$290.6M	$268.3M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.003%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5197	+0.139%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5184	+0.056%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5209	+0.223%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.030%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0568%	1h	1.5187	+0.079%	$2K	$16K	10x	as long as short