Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: Vest against Katana Perps+0.025%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: 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: Vest is 0.025% dearer against Katana Perps than usual: you sell high and buy low, +$2 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	Katana Perps XRP-USD	1.5178	0.0098	pay 0.0098% / 8h	3h 20m	$9K	$350K	20x
Short	Vest XRP-PERP	1.5182	0.0100	get 0.0013% / 1h	20m 17s	—	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Katana Perps. 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 Katana PerpsbpFee VestbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0.34
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$3
Costs to cover: 0.058%
Break-even: 69.2 days

Slippage unknown: Katana Perps: no order-book sample; Vest: 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Katana Perps and Vest: 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	1.5188	+0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5179	+0.005%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.040%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5186	+0.053%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5181	+0.020%	$14.5M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.517%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5184	+0.036%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	+0.002%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5182	+0.026%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USDlong	+0.0098%	8h	1.5178	long leg	$9K	$350K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5185	+0.049%	$985K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5181	+0.018%	$38.8M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.021%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5176	−0.011%	$535.9M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5176	−0.013%	$345.3M	$945.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	+0.066%	$126.6M	$884.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	+0.059%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5190	+0.079%	$138K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.089%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5187	+0.059%	$373.2M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5184	+0.040%	$295.7M	$906.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	+0.046%	$109.4M	$177.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5186	+0.053%	$269.7M	$390.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5183	+0.033%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.058%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5162	−0.105%	$658K	$110.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	−0.081%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5170	−0.053%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5182	+0.025%	—	$11K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5186	+0.053%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5183	+0.033%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5185	+0.046%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5186	+0.052%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5184	+0.040%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.040%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.049%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.013%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	+0.073%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5179	+0.009%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5183	+0.032%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5190	+0.079%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5188	+0.066%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5182	+0.028%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5181	+0.020%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0258%	1h	1.5183	+0.033%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5191	+0.083%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.053%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5187	+0.058%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0413%	1h	1.5196	+0.119%	$298.8M	$251.0M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.079%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5187	+0.056%	$2K	$15K	10x	as long as short