Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Bullet against edgeX+0.336%67s7-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 Bullet

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.336% dearer against edgeX than usual: you sell high and buy low, +$34 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	1.5113	0.0100	pay 0.0050% / 4h	43m 38s	$656K	$108.6M	30x
Short	Bullet XRP-USD	1.5164	0.0100	get 0.0013% / 1h	43m 38s	$41K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.336%Rate

Funding earned: $0
Price spread: +0.336% → 0.000%: $33.63
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: $16.63
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: edgeX: live order book, 6 min ago; Bullet: 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, 6 min ago	0.99 bp	5.5 bp −$5	5.6 bp −$56	8.8 bp −$880	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	1.5162	+0.326%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5163	+0.330%	$14.3M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	+0.331%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.181%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5162	+0.326%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.960%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0031%	1h	1.5163	+0.334%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5154	+0.273%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5164	+0.339%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5165	+0.346%	$7.7M	$25.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5164	+0.340%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5164	+0.339%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5146	+0.220%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	+0.270%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5171	+0.386%	$281.9M	$225.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5162	+0.327%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5164	+0.342%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5162	+0.324%	$533.9M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5160	+0.313%	$345.1M	$931.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5160	+0.313%	$125.9M	$875.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	+0.134%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5115	+0.015%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.219%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5158	+0.300%	$370.2M	$153.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5161	+0.319%	$299.1M	$896.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5163	+0.330%	$108.0M	$173.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5158	+0.300%	$268.1M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5161	+0.319%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	+0.106%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5113	long leg	$656K	$108.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	−0.006%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5121	+0.055%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5163	+0.333%	$43K	$452K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5164	+0.336%	$41K	$68K	20x
Derive XRP-PERP	+0.0100%	1h	1.5163	+0.334%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5160	+0.316%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5163	+0.333%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5156	+0.284%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	+0.359%	$54.1M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5159	+0.305%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5153	+0.266%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5155	+0.277%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5160	+0.314%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5132	+0.129%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0169%	1h	1.5179	+0.439%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5171	+0.386%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5163	+0.332%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5136	+0.154%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5169	+0.372%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5156	+0.283%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0661%	1h	1.5138	+0.169%	$2K	$15K	10x	as long as short