Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Ondo Perps against edgeX+0.050%54s7-day average −0.057% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.583%−$58 · spread now +0.050%, 7d avg −0.057%

Together, before fees−0.535%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$54 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: Ondo Perps is 0.107% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.057%. The two prices were read 54 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	1.5166	0.0100	pay 0.0050% / 4h	3h 52m	$659K	$109.0M	30x
Short	Ondo Perps XRP-USD.P	1.5174	0.0100	get 0.0013% / 1h	52m 40s	$563K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.057%: $10.68
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.32
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 6 min ago; Ondo Perps: 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	9.1 bp −$906	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5209	+0.281%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	+0.383%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5207	+0.268%	$254K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5210	+0.289%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.595%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0049% / S +0.0017%	1h	1.5206	+0.259%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5212	+0.301%	$7.7M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5228	+0.406%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5233	+0.439%	$500K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5209	+0.281%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0098%	8h	1.5238	+0.472%	$12K	$338K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	+0.291%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5224	+0.377%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	+0.417%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5229	+0.414%	$535.3M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	+0.419%	$348.6M	$940.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5230	+0.419%	$127.8M	$886.2M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5174	+0.050%	$563K	$28K	5x
Arcus XRP-USD	+0.0100%	1h	1.5245	+0.518%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	+0.096%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5228	+0.406%	$372.4M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5229	+0.413%	$292.8M	$896.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5231	+0.425%	$108.9M	$176.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5234	+0.446%	$269.7M	$387.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5230	+0.419%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.182%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5166	long leg	$659K	$109.0M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.187%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	+0.116%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5211	+0.294%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5207	+0.268%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5211	+0.294%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5212	+0.300%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5209	+0.281%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5212	+0.301%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5209	+0.281%	$54.2M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5228	+0.404%	$475K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	+0.215%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5231	+0.428%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5207	+0.264%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5248	+0.538%	$9K	$8K	10x	as long as short
Hyperliquid XRP	+0.0162%	1h	1.5230	+0.419%	$283.8M	$229.5M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5215	+0.320%	$5.6M	$47.4M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5209	+0.282%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	+0.221%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5183	+0.112%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5221	+0.360%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5202	+0.235%	$2.0M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5246	+0.524%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.042%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0654%	1h	1.5161	−0.036%	$2K	$15K	10x	as long as short