Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.023%

Price spread now: Coinbase International against OKX+0.090%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.090%, 7d avg +0.033%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5503	0.0100	pay 0.0100% / 8h	1h 27m	$127.0M	$876.1M	100x
Short	Coinbase International XRP-PERP-INTX	1.5517	0.0216	get 0.0027% / 1h	27m 54s	$5.8M	$47.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.090%Rate

Funding earned: $24.36
Price spread: +0.090% → +0.033%: $5.74
Slippage, 4 orders: −$6.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.13
Costs to cover: 0.270%
Break-even: 6.1 days

Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 1 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 OKX live order book, 1 min ago	0.32 bp	6.4 bp −$6	7.8 bp −$78	14.3 bp −$1,427	30.5 bp −$15.3K
Sell Coinbase International live order book, 1 min ago	0.64 bp	7.6 bp −$8	12.2 bp −$122	28.4 bp −$2,845	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	1.5544	+0.264%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5536	+0.213%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5513	+0.065%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5527	+0.156%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.374%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5506	+0.017%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0124%	1h	1.5527	+0.157%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5517	+0.090%	$77K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5513	+0.063%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5515	+0.077%	$439K	$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	1.5545	+0.274%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5499	−0.024%	$39.4M	$78.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5543	+0.260%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5506	+0.019%	$557.9M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5508	+0.032%	$347.0M	$892.2M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5503	long leg	$127.0M	$876.1M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.077%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5548	+0.290%	$118K	$739K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5502	−0.006%	$373.4M	$139.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5500	−0.019%	$290.5M	$850.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5498	−0.033%	$113.2M	$158.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5505	+0.013%	$270.5M	$362.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5507	+0.026%	—	$117.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.119%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.182%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5464	−0.254%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.168%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5526	+0.146%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5549	+0.297%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5525	+0.142%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5520	+0.107%	$835K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	+0.138%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5509	+0.039%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5516	+0.085%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5514	+0.071%	$55.2M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.170%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5548	+0.287%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5542	+0.252%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5497	−0.042%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	+0.073%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5552	+0.316%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5509	+0.038%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5530	+0.176%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0216%	1h	1.5517	+0.090%	$5.8M	$47.1M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5510	+0.045%	$24.6M	$73.4M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0266%	1h	1.5510	+0.045%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5556	+0.342%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.148%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5556	+0.343%	$509K	$629K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5519	+0.103%	$290.6M	$202.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0727%	1h	1.5545	+0.268%	$1K	$11K	10x	as long as short