Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.020%

Price spread now: 01 Exchange against edgeX+0.101%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.101% dearer against edgeX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5221	0.0100	pay 0.0050% / 4h	3h 47m	$661K	$113.0M	30x
Short	01 Exchange XRPUSD	1.5236	0.0136	get 0.0017% / 1h	47m 09s	$9K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.101%Rate

Funding earned: $7.56
Price spread: +0.101% → 0.000%: $10.14
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $1.7
Costs to cover: 0.160%
Break-even: 5.4 days

Slippage unknown: edgeX: live order book, 2 min ago; 01 Exchange: 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, 2 min ago	1.31 bp	5.8 bp −$6	5.8 bp −$58	9.0 bp −$898	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5228	+0.047%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5241	+0.134%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5235	+0.098%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.128%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5228	+0.049%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.032%	$247K	—	150x	as long as short
Phemex XRPUSDT	+0.0007%	8h	1.5228	+0.049%	$54.4M	$32.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.230%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5224	+0.023%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5225	+0.028%	$2.8M	$14.5M	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	1.5229	+0.055%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5229	+0.055%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5233	+0.085%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5225	+0.029%	$38.6M	$85.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5234	+0.089%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5221	0.000%	$530.6M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5220	−0.004%	$352.3M	$945.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5224	+0.023%	$127.1M	$859.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.049%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.121%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.045%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5222	+0.009%	$379.4M	$151.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5225	+0.029%	$313.6M	$912.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5227	+0.040%	$106.7M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5223	+0.016%	$269.9M	$384.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5223	+0.016%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	+0.036%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5221	long leg	$661K	$113.0M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	+0.062%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	+0.049%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5234	+0.090%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5232	+0.075%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	+0.047%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	+0.036%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	+0.029%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5237	+0.110%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	+0.029%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5234	+0.089%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5238	+0.112%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5218	−0.020%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5223	+0.017%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0078%	1h	1.5222	+0.009%	$789K	—	200x	as long as short
01 Exchange XRPUSDshort	+0.0136%	1h	1.5236	+0.101%	$9K	$2K	10x
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	+0.042%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0174%	8h	1.5236	+0.101%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5239	+0.121%	$291.1M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	+0.029%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5221	+0.005%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0270%	1h	1.5236	+0.101%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	+0.120%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5220	−0.001%	$3K	$16K	10x	as long as short