Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: GRVT against edgeX−0.016%7-day average +0.049% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.016%, 7d avg +0.049%

Together, before fees+0.212%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board+$21 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: GRVT is 0.065% cheaper against edgeX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5184	0.0100	pay 0.0050% / 4h	2h 25m	$659K	$108.8M	30x
Short	GRVT XRP_USDT_Perp	1.5181	0.0100	get 0.0100% / 8h	6h 25m	$1.1M	$37.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.049%: −$6.51
Slippage, 4 orders: −$4.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$28.91
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	1.32 bp	5.8 bp −$6	5.8 bp −$58	8.8 bp −$878	doesn't fit
Sell GRVT live order book, 4 min ago	0.33 bp	4.8 bp −$5	12.4 bp −$124	54.4 bp −$5,441	doesn't fit

XRP on 50 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	1.5195	+0.075%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5185	+0.007%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.174%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5197	+0.088%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	+0.087%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.479%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5203	+0.126%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5203	+0.128%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5198	+0.095%	$2.8M	$14.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5200	+0.108%	$518K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5184	+0.002%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	+0.025%	$896K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5197	+0.088%	$38.7M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	+0.063%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5199	+0.099%	$539.1M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5198	+0.095%	$342.2M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5204	+0.134%	$124.7M	$874.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.063%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5198	+0.095%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.039%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5196	+0.081%	$369.7M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	+0.101%	$291.8M	$912.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	+0.101%	$107.4M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	+0.108%	$266.6M	$383.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5193	+0.062%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	+0.101%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5184	long leg	$659K	$108.8M	30x
GRVT XRP_USDT_Perpshort	+0.0100%	8h	1.5181	−0.016%	$1.1M	$37.0M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.031%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	+0.101%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.108%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	+0.115%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.148%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	+0.174%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	+0.128%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5207	+0.152%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	+0.121%	$54.1M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5197	+0.087%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5191	+0.051%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5201	+0.117%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5195	+0.075%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5206	+0.147%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5196	+0.083%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5210	+0.174%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5208	+0.160%	$281.4M	$223.5M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5203	+0.128%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5199	+0.101%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5215	+0.207%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5198	+0.096%	$535K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5174	−0.062%	$2K	$14K	10x	as long as short