Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against OKX+0.046%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.046%, 7d avg +0.011%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.035% dearer against OKX than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.011%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5196	0.0100	pay 0.0100% / 8h	5h 12m	$126.0M	$872.3M	100x
Short	dYdX XRP-USD	1.5203	0	get 0.0000% / 1h	12m 02s	$1.1M	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21
Price spread: +0.046% → +0.011%: $3.45
Slippage, 4 orders: −$32.22
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$69.77
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; dYdX: live order book, 2 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, 2 min ago	0.33 bp	5.3 bp −$5	6.7 bp −$67	14.2 bp −$1,419	31.0 bp −$15.5K
Sell dYdX live order book, 2 min ago	15.78 bp	20.8 bp −$21	20.8 bp −$208	56.4 bp −$5,644	283.5 bp −$141.7K

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	1.5204	+0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5203	+0.046%	$1.1M	$110K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5198	+0.013%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5197	+0.007%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0038%	1h	1.5198	+0.012%	$796K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.395%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5199	+0.020%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5198	+0.013%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5193	−0.017%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5195	−0.007%	$514K	$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	+0.0100%	8h	1.5191	−0.033%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5209	+0.088%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5204	+0.053%	$282.7M	$223.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5193	−0.022%	$38.4M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5205	+0.061%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5194	−0.013%	$536.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5194	−0.013%	$346.5M	$929.8M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5196	long leg	$126.0M	$872.3M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5195	−0.007%	$567K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5203	+0.046%	$114K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.178%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5192	−0.026%	$368.5M	$153.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5194	−0.013%	$295.3M	$903.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5193	−0.020%	$109.0M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5194	−0.013%	$269.6M	$380.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5191	−0.033%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5260	+0.418%	$6.0M	$36.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5237	+0.268%	$662K	$108.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5251	+0.362%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5246	+0.329%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5201	+0.033%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.026%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5199	+0.019%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5200	+0.027%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5204	+0.053%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5194	−0.014%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5193	−0.020%	$54.1M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5203	+0.045%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5189	−0.047%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	+0.012%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0189%	1h	1.5201	+0.033%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5207	+0.075%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5196	0.000%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5203	+0.046%	$5.6M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5201	+0.033%	$24.3M	$75.3M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5195	−0.008%	$14.4M	$73.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0347%	8h	1.5205	+0.059%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5203	+0.046%	$518K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.158%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0665%	1h	1.5217	+0.135%	$2K	$14K	10x	as long as short