Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0331%/8h= +36.2% APRpaid last 24h +0.142%

Price spread now: RISEx against edgeX+0.798%55s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$240.245% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.433%+$43 on $10k

Price spread, last 4 days (all we have)−1.139%−$114 · spread now +0.798%, 7d avg +0.040%

Together, before fees−0.705%+ Points / potential airdropedgeX: Active · farm board−$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and RISEx is 0.757% dearer against edgeX than usual: you sell high and buy low: +$76 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 55 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	1.5414	0.0100	pay 0.0050% / 4h	2h 00m	$670K	$96.2M	30x
Short	RISEx XRP/USDC	1.5537	0.0431	get 0.0054% / 1h	0m 42s	$408K	$523K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.798%Rate

Funding earned: $69.45
Price spread: +0.798% → +0.040%: $75.74
Slippage, 4 orders: −$9.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $120.71
Costs to cover: 0.245%
Break-even: from the start

Slippage from edgeX: live order book, 3 min ago; RISEx: live order book, 23 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	1.30 bp	5.8 bp −$6	6.0 bp −$60	9.3 bp −$928	doesn't fit
Sell RISEx live order book, 23 min ago	3.44 bp	6.4 bp −$6	14.4 bp −$144	doesn't fit	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	1.5457	+0.281%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5482	+0.442%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.106%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5472	+0.378%	$9.4M	$24.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5471	+0.375%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.802%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5471	+0.372%	$81K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0160%	1h	1.5478	+0.416%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5481	+0.438%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5483	+0.450%	$447K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5458	+0.291%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5490	+0.495%	$39.4M	$73.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	+0.494%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5490	+0.493%	$557.2M	$1.88B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5489	+0.489%	$348.5M	$854.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5489	+0.489%	$126.2M	$854.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.134%	$575K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5511	+0.631%	$120K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	+0.265%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5488	+0.482%	$368.9M	$134.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5488	+0.482%	$284.1M	$827.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5488	+0.484%	$112.6M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5490	+0.495%	$268.6M	$347.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5503	+0.580%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.025%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5414	long leg	$670K	$96.2M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.101%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.179%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5454	+0.261%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5470	+0.365%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5486	+0.467%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5468	+0.351%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5487	+0.478%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5470	+0.365%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5467	+0.343%	$50.9M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5470	+0.365%	$55.2M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5488	+0.485%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5531	+0.761%	$11K	$243K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5511	+0.630%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	+0.354%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5462	+0.314%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5469	+0.360%	$15.8M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5475	+0.398%	$5.7M	$45.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5480	+0.431%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0212%	1h	1.5478	+0.417%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	+0.346%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5463	+0.320%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	+0.283%	$19K	$66K	7x	as long as short
RISEx XRP/USDCshort	+0.0431%	1h	1.5537	+0.798%	$408K	$523K	10x
Hyperliquid XRP	+0.0522%	1h	1.5498	+0.547%	$286.2M	$191.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5435	+0.141%	$1K	$11K	10x	as long as short