Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.067%

Price spread now: Coinbase International against edgeX−0.046%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.046%, 7d avg +0.051%

Together, before fees+0.325%+ Points / potential airdropedgeX: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.097% cheaper against edgeX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.051%). If the spread goes back, that is −$10 on $10k: about 2.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5357	0.0100	pay 0.0050% / 4h	3h 57m	$667K	$106.1M	30x
Short	Coinbase International XRP-PERP-INTX	1.5350	0.0224	get 0.0028% / 1h	57m 24s	$5.8M	$46.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.046%Rate

Funding earned: $26.04
Price spread: −0.046% → +0.051%: −$9.68
Slippage, 4 orders: −$7.75
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.39
Costs to cover: 0.267%
Break-even: 9.8 days

Slippage from edgeX: live order book, 2 min ago; Coinbase International: live order book, 2 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	0.98 bp	5.5 bp −$5	5.6 bp −$56	9.1 bp −$910	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.33 bp	9.0 bp −$9	10.7 bp −$107	22.9 bp −$2,294	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5364	+0.045%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5345	−0.076%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.046%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5385	+0.184%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5380	+0.147%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.322%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5386	+0.189%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5347	−0.065%	$9.3M	$25.7M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5370	+0.085%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5353	−0.023%	$2.9M	$13.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5360	+0.019%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5366	+0.058%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5370	+0.088%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5368	+0.074%	$38.9M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	−0.007%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5384	+0.177%	$541.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5387	+0.195%	$340.9M	$933.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5387	+0.195%	$125.8M	$887.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.117%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.052%	$116K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.130%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5383	+0.169%	$373.5M	$147.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5378	+0.137%	$303.9M	$888.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5377	+0.130%	$109.9M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5391	+0.221%	$269.9M	$378.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5372	+0.098%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.069%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5357	long leg	$667K	$106.1M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.078%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.033%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.035%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	+0.111%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5379	+0.143%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5388	+0.200%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5347	−0.067%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5344	−0.085%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5341	−0.101%	$50.3M	$15.7M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	+0.015%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5359	+0.014%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5390	+0.212%	$56K	$18K	3x	as long as short
Phemex XRPUSDT	+0.0188%	8h	1.5351	−0.039%	$54.7M	$29.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5370	+0.082%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	−0.039%	$24.0M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0224%	1h	1.5350	−0.046%	$5.8M	$46.9M	50x
Backpack XRP_USDC_PERP	+0.0243%	1h	1.5356	−0.007%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	−0.089%	$14.9M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.084%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5350	−0.046%	$2.2M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0573%	1h	1.5390	+0.215%	$291.6M	$216.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0780%	1h	1.5354	−0.020%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5371	+0.093%	$513K	$753K	10x	as long as short