Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against GRVT+0.277%7-day average — · you sell dearer than you buy

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

Long on GRVT 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 airdropGRVT: 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 0.277% dearer against GRVT than usual: you sell high and buy low: +$28 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	GRVT XRP_USDT_Perp	1.5138	0.0100	pay 0.0100% / 8h	3h 54m	$1.1M	$36.0M	20x
Short	01 Exchange XRPUSD	1.5180	0.0120	get 0.0015% / 1h	54m 40s	$8K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.277%Rate

Funding earned: $4.2
Price spread: +0.277% → 0.000%: $27.73
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $15.93
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 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 GRVT live order book, 4 min ago	0.33 bp	4.8 bp −$5	5.0 bp −$50	65.1 bp −$6,514	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5179	+0.271%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5194	+0.367%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.079%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	+0.317%	$254K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5192	+0.359%	$14.4M	$73.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.788%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0017%	1h	1.5181	+0.283%	$791K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5189	+0.337%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5199	+0.406%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5196	+0.383%	$499K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0098%	8h	1.5177	+0.258%	$11K	$337K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5174	+0.241%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5193	+0.363%	$38.4M	$83.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5198	+0.395%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5197	+0.389%	$534.1M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5195	+0.376%	$347.7M	$938.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5195	+0.376%	$127.9M	$883.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	+0.238%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5190	+0.343%	$118K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	+0.284%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5192	+0.357%	$371.8M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5193	+0.363%	$292.6M	$895.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	+0.404%	$108.5M	$175.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5189	+0.337%	$268.8M	$386.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5188	+0.330%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.006%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.018%	$657K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5138	long leg	$1.1M	$36.0M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.059%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	+0.222%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	+0.284%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	+0.284%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.353%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5197	+0.389%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5192	+0.357%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5199	+0.403%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5192	+0.357%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5193	+0.361%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5187	+0.325%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5187	+0.325%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDshort	+0.0120%	1h	1.5180	+0.277%	$8K	$8K	10x
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5194	+0.370%	$7.7M	$25.5M	50x	as long as short
Hyperliquid XRP	+0.0163%	1h	1.5203	+0.429%	$281.2M	$227.6M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5196	+0.383%	$5.6M	$47.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5179	+0.272%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5192	+0.357%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5133	−0.032%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0262%	8h	1.5186	+0.317%	$2.0M	$35.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5206	+0.449%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5189	+0.340%	$517K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0662%	1h	1.5149	+0.071%	$2K	$15K	10x	as long as short