Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Variational Omni against edgeX−0.094%7-day average +0.029% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.094%, 7d avg +0.029%

Together, before fees+0.252%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$25 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: Variational Omni is 0.122% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5144	0.0100	pay 0.0050% / 4h	3h 09m	$658K	$110.7M	30x
Short	Variational Omni XRP	1.5130	0.0100	get 0.0100% / 8h	3h 09m	$4.8M	$38.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → +0.029%: −$12.24
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.24
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 5 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.6 bp −$859	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.01 bp	doesn't fit	4.3 bp −$43	20.8 bp −$2,084	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	1.5130	−0.092%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5123	−0.138%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5105	−0.256%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5132	−0.079%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5127	−0.109%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.748%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5104	−0.264%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5131	−0.084%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5127	−0.112%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5122	−0.145%	$10K	$351K	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	1.5119	−0.161%	$961K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5102	−0.279%	$38.8M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5126	−0.120%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5102	−0.277%	$532.0M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5098	−0.303%	$343.1M	$946.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5099	−0.296%	$125.3M	$882.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5110	−0.224%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5127	−0.112%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.036%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5106	−0.250%	$373.6M	$157.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5103	−0.270%	$295.7M	$908.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5124	−0.134%	$109.0M	$178.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5118	−0.171%	$268.4M	$390.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5105	−0.257%	—	$127.9M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5130	−0.094%	$4.8M	$38.3M	—
edgeX XRPUSDClong	+0.0100%	4h	1.5144	long leg	$658K	$110.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	−0.043%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	+0.040%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5121	−0.152%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5120	−0.158%	$44K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5103	−0.269%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5096	−0.316%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5098	−0.305%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5130	−0.089%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5128	−0.105%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.121%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5129	−0.098%	$53.8M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.093%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5112	−0.214%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5094	−0.328%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5126	−0.118%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5135	−0.059%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0197%	8h	1.5139	−0.032%	$1.9M	$35.3M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5109	−0.230%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5132	−0.079%	$24.3M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0240%	1h	1.5133	−0.072%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5128	−0.105%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5125	−0.124%	$516K	$777K	10x	as long as short
Hyperliquid XRP	+0.0389%	1h	1.5132	−0.079%	$295.9M	$252.6M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	−0.026%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0662%	1h	1.5144	+0.002%	$2K	$15K	10x	as long as short