Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.054%

Price spread now: BloFin against Injective+1.054%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 1.054% dearer against Injective than usual: you sell high and buy low: +$105 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	Injective XRP/USDC PERP	1.5090	0.0050	pay 0.0006% / 1h	18m 29s	$2K	$51K	30x
Short	BloFin XRP-USDT	1.5249	0.0220	get 0.0220% / 8h	3h 18m	$23.6M	$64.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +1.054%Rate

Funding earned: $35.61
Price spread: +1.054% → 0.000%: $105.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $128.96
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 10 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 10 min ago	5.27 bp	11.3 bp −$11	13.4 bp −$134	17.1 bp −$1,713	22.6 bp −$11.3K

Injective: 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
GMX XRP/USD [ETH-USDC]	L −0.0207% / S +0.0293%	1h	1.5256	+1.101%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5267	+1.173%	$7K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0013%	1h	1.5247	+1.041%	$15.1M	$61.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5268	+1.183%	$1.1M	$104K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	+0.928%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5253	+1.080%	$9.1M	$23.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5305	+1.423%	$256K	—	150x	as long as short
Orderly PERP_XRP_USDC	+0.0045%	8h	1.5256	+1.100%	$181K	$781K	50x	as long as short
Injective XRP/USDC PERPlong	+0.0050%	1h	1.5090	long leg	$2K	$51K	30x
Vest XRP-PERP	+0.0084%	1h	1.5273	+1.210%	—	$10K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5268	+1.177%	$3.0M	$10.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5276	+1.233%	$568K	$2.4M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5286	+1.302%	$1.2M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5276	+1.232%	$38.9M	$70.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5270	+1.193%	$673K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5296	+1.362%	$546.2M	$1.81B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5293	+1.345%	$345.4M	$809.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5285	+1.292%	$124.4M	$818.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5251	+1.067%	$566K	$46K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5280	+1.259%	$117K	$627K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5267	+1.173%	$353.9M	$129.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5298	+1.378%	$311.8M	$785.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5305	+1.426%	$113.6M	$143.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5278	+1.246%	$265.0M	$331.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5264	+1.153%	—	$104.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	+0.873%	$6.2M	$24.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	+0.469%	$658K	$92.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5196	+0.702%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.484%	$1.0M	$790K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5296	+1.365%	$53K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5272	+1.206%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5255	+1.096%	$822K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5255	+1.093%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5255	+1.093%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5251	+1.066%	$50.2M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5247	+1.040%	$54.6M	$27.6M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5187	+0.643%	$1.6M	$258K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5264	+1.151%	$476K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5294	+1.352%	$13K	$231K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5260	+1.128%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5251	+1.068%	$73K	$37K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5295	+1.359%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5265	+1.160%	$5.3M	$41.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0208%	1h	1.5259	+1.120%	$1.7M	$899K	25x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5283	+1.278%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5283	+1.279%	$1.7M	$31.7M	2.9x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5249	+1.054%	$23.6M	$64.4M	125x
Hibachi XRP/USDT-P	+0.0272%	1h	1.5263	+1.144%	$19K	$47K	7x	as long as short
RISEx XRP/USDC	+0.0330%	1h	1.5298	+1.381%	$403K	$504K	10x	as long as short
Aftermath Perps XRPUSD	+0.0481%	1h	1.5217	+0.844%	$1K	$10K	10x	as long as short
Hyperliquid XRP	+0.0502%	1h	1.5311	+1.465%	$287.0M	$169.2M	20x	as long as short