Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Aevo against GRVT−0.148%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.148% cheaper against GRVT than usual: you would sell low and buy high, −$15 on $10k if it 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	GRVT XRP_USDT_Perp	1.5528	0.0100	pay 0.0100% / 8h	1h 08m	$1.1M	$41.2M	20x
Short	Aevo XRP-PERP	1.5505	0.0104	get 0.0013% / 1h	8m 33s	$72K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.148%Rate

Funding earned: $0.84
Price spread: −0.148% → 0.000%: −$14.81
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$38.97
Costs to cover: 0.250%
Break-even: 331.7 days

Slippage unknown: GRVT: live order book, 6 min ago; Aevo: 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 GRVT live order book, 6 min ago	0.32 bp	5.2 bp −$5	12.2 bp −$122	51.3 bp −$5,130	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	1.5507	−0.135%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0001% / S +0.0114%	1h	1.5501	−0.177%	$850K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	−0.200%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5466	−0.399%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.206%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5512	−0.101%	$15.5M	$68.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5505	−0.148%	$78K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0072%	1h	1.5513	−0.097%	$9.5M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5505	−0.150%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5510	−0.116%	$440K	$3.2M	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	1.5481	−0.299%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5496	−0.204%	$39.3M	$79.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5502	−0.166%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5479	−0.316%	$557.2M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5473	−0.354%	$344.0M	$901.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5473	−0.354%	$127.4M	$879.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5467	−0.393%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5494	−0.219%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	−0.172%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5485	−0.277%	$371.8M	$141.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5475	−0.341%	$297.9M	$867.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5474	−0.350%	$113.1M	$160.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5474	−0.348%	$270.0M	$365.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5490	−0.245%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5501	−0.171%	$11.8M	$30.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5508	−0.128%	$673K	$101.9M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5528	long leg	$1.1M	$41.2M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5520	−0.052%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5483	−0.292%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5479	−0.316%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5469	−0.380%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5507	−0.133%	$835K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5514	−0.087%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5510	−0.116%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5514	−0.090%	$50.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5510	−0.116%	$55.2M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5495	−0.211%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5482	−0.296%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5478	−0.320%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERPshort	+0.0104%	1h	1.5505	−0.148%	$72K	$40K	3x
01 Exchange XRPUSD	+0.0176%	1h	1.5485	−0.277%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5472	−0.363%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5513	−0.097%	$5.9M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	−0.090%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5505	−0.151%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0291%	1h	1.5518	−0.064%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5509	−0.122%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5500	−0.180%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5490	−0.242%	$507K	$631K	10x	as long as short
Hyperliquid XRP	+0.0582%	1h	1.5491	−0.238%	$289.5M	$204.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0774%	1h	1.5520	−0.053%	$1K	$11K	10x	as long as short