Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: dYdX against edgeX−0.125%111s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.812% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.125%, 7d avg +0.033%

Together, before fees+0.087%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.157% cheaper against edgeX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 111 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	1.5383	0.0100	pay 0.0050% / 4h	2h 19m	$668K	$110.8M	30x
Short	dYdX XRP-USD	1.5364	0	get 0.0000% / 1h	19m 39s	$1.1M	$155K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$21
Price spread: −0.125% → +0.033%: −$15.72
Slippage, 4 orders: −$62.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$117.95
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; dYdX: live order book, 7 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, 3 min ago	0.98 bp	5.5 bp −$5	5.5 bp −$55	8.7 bp −$866	doesn't fit
Sell dYdX live order book, 7 min ago	30.14 bp	35.1 bp −$35	35.1 bp −$351	51.7 bp −$5,169	168.8 bp −$84.4K

XRP on 50 exchanges

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	1.5382	−0.006%	$5K	$4K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5364	−0.125%	$1.1M	$155K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5375	−0.052%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5377	−0.036%	$250K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0016%	1h	1.5371	−0.079%	$14.1M	$72.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.151%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5383	0.000%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5358	−0.162%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5362	−0.136%	$604K	$3.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5378	−0.032%	$17K	$77K	7x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0099%	8h	1.5360	−0.147%	$479K	$51K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5373	−0.065%	$10K	$397K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5375	−0.049%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5355	−0.181%	$39.5M	$82.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5360	−0.149%	$589K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5355	−0.182%	$535.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5361	−0.143%	$362.8M	$903.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5360	−0.149%	$124.4M	$845.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5390	+0.046%	$565K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	−0.097%	$165K	$693K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5429	+0.298%	$1.6M	$8K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5359	−0.156%	$379.2M	$160.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5355	−0.182%	$313.8M	$915.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	−0.139%	$106.9M	$182.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5360	−0.149%	$272.4M	$360.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5359	−0.156%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5373	−0.063%	$5.1M	$38.4M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5383	long leg	$668K	$110.8M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5374	−0.058%	$1.1M	$31.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5399	+0.104%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5379	−0.025%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5376	−0.045%	$53K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5372	−0.074%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5374	−0.058%	$68K	$600K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5374	−0.060%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5370	−0.084%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5368	−0.095%	$50.1M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5369	−0.091%	$54.9M	$33.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5354	−0.187%	$2.1M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5368	−0.101%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5378	−0.032%	$5.5M	$45.6M	50x	as long as short
Hyperliquid XRP	+0.0132%	1h	1.5373	−0.065%	$298.5M	$268.3M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0153% / S −0.0125%	1h	1.5371	−0.076%	$801K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0156%	8h	1.5387	+0.026%	$1.9M	$34.2M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0205%	1h	1.5379	−0.026%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5383	0.000%	$23.9M	$79.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5368	−0.094%	$1.4M	$2K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5383	−0.003%	$515K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0458%	1h	1.5382	−0.008%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5400	+0.111%	$69K	$109K	15x	as long as short