Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+0.070%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

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

costs, in and out, $10k−$550.545% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.070%, 7d avg +0.048%

Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 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: SunX is 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5347	0.0104	pay 0.0013% / 1h	7m 20s	$2.1M	$7.1M	50x
Short	SunX XRP-USDT	1.5357	0.0100	get 0.0100% / 8h	7h 07m	$128K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$0.84
Price spread: +0.070% → +0.048%: $2.23
Slippage, 4 orders: −$41.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.12
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; SunX: live order book, 8 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 Extended live order book, 2 min ago	0.32 bp	3.0 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	17.60 bp	27.1 bp −$27	34.6 bp −$346	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	1.5356	+0.061%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5354	+0.049%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5346	−0.007%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0072%	1h	1.5345	−0.013%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.390%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5351	+0.028%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5341	−0.037%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5351	+0.028%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5357	+0.067%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5346	−0.004%	$9K	$281K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	+0.083%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5351	+0.032%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5349	+0.014%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5355	+0.054%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5351	+0.029%	$542.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5350	+0.022%	$342.1M	$918.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5352	+0.035%	$124.6M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5322	−0.161%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5355	+0.054%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.019%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5346	−0.004%	$374.8M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5347	+0.002%	$304.9M	$915.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5346	−0.004%	$111.0M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5350	+0.022%	$269.2M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5349	+0.015%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5354	+0.048%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5376	+0.192%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.054%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.282%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	+0.010%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5349	+0.015%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5350	+0.020%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5354	+0.049%	$827K	$74K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5357	+0.070%	$128K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5351	+0.028%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5349	+0.015%	$50.3M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5351	+0.028%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5347	long leg	$2.1M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5349	+0.018%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5352	+0.035%	$9.3M	$24.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5343	−0.022%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5355	+0.054%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5358	+0.074%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5351	+0.026%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0311%	1h	1.5356	+0.061%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5374	+0.178%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5360	+0.087%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0376%	1h	1.5360	+0.087%	$290.4M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.087%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5350	+0.025%	$543K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0833%	1h	1.5354	+0.047%	$2K	$13K	10x	as long as short