Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.049%

Price spread now: Kraken Futures against edgeX−0.170%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.170%, 7d avg +0.026%

Together, before fees+0.359%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.195% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5188	0.0100	pay 0.0050% / 4h	2h 46m	$660K	$108.3M	30x
Short	Kraken Futures PF_XRPUSD	1.5162	0.0040	get 0.0005% / 1h	46m 58s	$14.7M	$72.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$12.66
Price spread: −0.170% → +0.026%: −$19.54
Slippage, 4 orders: −$13.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$64.38
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Kraken Futures: 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	0.99 bp	5.5 bp −$5	5.6 bp −$56	8.8 bp −$877	doesn't fit
Sell Kraken Futures live order book, 2 min ago	0.33 bp	10.6 bp −$11	12.0 bp −$120	20.8 bp −$2,083	104.0 bp −$52.0K

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	1.5182	−0.040%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5170	−0.122%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.013%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	−0.087%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0066%	1h	1.5172	−0.103%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.449%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0040%	1h	1.5162	−0.170%	$14.7M	$72.3M	50x
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5173	−0.099%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5166	−0.145%	$9.1M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5172	−0.103%	$2.8M	$14.0M	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	1.5174	−0.093%	$519K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5182	−0.040%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	−0.043%	$879K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5169	−0.124%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5180	−0.053%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	−0.127%	$536.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5167	−0.139%	$337.3M	$937.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5172	−0.106%	$123.2M	$871.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.106%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5185	−0.020%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	−0.035%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	−0.119%	$368.5M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5170	−0.119%	$292.7M	$897.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	−0.116%	$108.3M	$170.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5168	−0.132%	$265.0M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5166	−0.145%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.138%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5188	long leg	$660K	$108.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.125%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5193	+0.032%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	−0.046%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	−0.047%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5179	−0.060%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	−0.084%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	−0.120%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	−0.126%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.124%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.113%	$53.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5180	−0.052%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−0.181%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−0.162%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5185	−0.020%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5181	−0.047%	$280.8M	$223.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5174	−0.091%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5170	−0.119%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.032%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0332%	8h	1.5180	−0.053%	$2.1M	$36.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5184	−0.024%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0380%	1h	1.5177	−0.073%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5187	−0.005%	$538K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0802%	1h	1.5185	−0.021%	$2K	$14K	10x	as long as short