Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.041%

Price spread now: edgeX against Lighter RH+0.326%50s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.180% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.317%−$32 · spread now +0.326%, 7d avg −0.018%

Together, before fees−0.383%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$38 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: edgeX is 0.344% dearer against Lighter RH than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5393	0.0096	pay 0.0012% / 1h	4m 41s	$445K	$3.1M	20x
Short	edgeX XRPUSDC	1.5443	0.0100	get 0.0050% / 4h	2h 04m	$671K	$95.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now +0.326%Rate

Funding earned: $0.84
Price spread: +0.326% → −0.018%: $34.36
Slippage, 4 orders: −$9.04
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $17.16
Costs to cover: 0.180%
Break-even: from the start

Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 4 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 Lighter RH live order book, 4 min ago	2.27 bp	3.4 bp −$3	7.6 bp −$76	36.3 bp −$3,631	doesn't fit
Sell edgeX live order book, 4 min ago	0.97 bp	5.5 bp −$5	5.6 bp −$56	8.7 bp −$872	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	1.5398	+0.032%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5391	−0.015%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.370%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5380	−0.082%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	+0.026%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.669%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5393	0.000%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0165%	1h	1.5380	−0.087%	$906K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5392	−0.008%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5393	long leg	$445K	$3.1M	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	1.5381	−0.075%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5393	+0.001%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5390	−0.018%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5389	−0.023%	$553.7M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5387	−0.039%	$346.3M	$853.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5383	−0.065%	$125.4M	$846.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	+0.104%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5393	0.000%	$120K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.510%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5385	−0.052%	$367.0M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5387	−0.039%	$286.4M	$824.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5386	−0.045%	$111.9M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5384	−0.058%	$266.7M	$347.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5389	−0.026%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.109%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5443	+0.326%	$671K	$95.9M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	+0.075%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5410	+0.110%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	−0.029%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5387	−0.039%	$49K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5382	−0.073%	$41K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5393	−0.002%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5400	+0.047%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5395	+0.013%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5384	−0.059%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5399	+0.039%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5391	−0.013%	$480K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5398	+0.032%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5382	−0.073%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	+0.003%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5400	+0.045%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5391	−0.012%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5395	+0.013%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5409	+0.104%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5380	−0.082%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5396	+0.019%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5400	+0.045%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5410	+0.108%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5395	+0.016%	$404K	$498K	10x	as long as short
Hyperliquid XRP	+0.0513%	1h	1.5410	+0.110%	$283.8M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0574%	1h	1.5422	+0.187%	$1K	$11K	10x	as long as short