Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Ondo Perps−0.244%7-day average +0.052% · you buy dearer than you sell

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

Long on Ondo Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.244%, 7d avg +0.052%

Together, before fees+0.451%+ Points / potential airdropOndo Perps: Active · farm board+$45 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: Arcus is 0.296% cheaper against Ondo Perps than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XRP-USD.P	1.5150	0.0100	pay 0.0013% / 1h	1m 35s	$562K	$27K	5x
Short	Arcus XRP-USD	1.5113	0.0100	get 0.0013% / 1h	1m 35s	$137K	$722K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Ondo 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 Ondo PerpsbpFee ArcusbpOrdersPrice spread, now −0.244%Rate

Funding earned: $0
Price spread: −0.244% → +0.052%: −$29.62
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.12
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 52 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Arcus live order book, 52 min ago	0.33 bp	4.1 bp −$4	11.4 bp −$114	34.7 bp −$3,467	doesn't fit

Ondo Perps: 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	1.5103	−0.310%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5105	−0.298%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5113	−0.247%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5120	−0.198%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5115	−0.232%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.706%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5113	−0.246%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5108	−0.277%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5109	−0.271%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5109	−0.271%	$10K	$356K	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	1.5104	−0.306%	$984K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5109	−0.268%	$38.9M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5107	−0.284%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5112	−0.251%	$531.4M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5112	−0.251%	$342.7M	$948.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5115	−0.231%	$124.9M	$885.7M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5150	long leg	$562K	$27K	5x
Arcus XRP-USDshort	+0.0100%	1h	1.5113	−0.244%	$137K	$722K	20x
Gate XRP_USDT	+0.0100%	8h	1.5106	−0.290%	$372.5M	$158.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5105	−0.297%	$293.5M	$911.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5106	−0.294%	$108.0M	$179.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5107	−0.284%	$268.2M	$391.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5103	−0.310%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	−0.021%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5118	−0.208%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	−0.007%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.198%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5114	−0.240%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5120	−0.198%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.257%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5111	−0.257%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	−0.239%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5119	−0.201%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	−0.244%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5119	−0.207%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	−0.238%	$53.8M	$31.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.281%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5107	−0.284%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5103	−0.307%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5113	−0.245%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5107	−0.284%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	1.5122	−0.185%	$1.8M	$35.4M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5119	−0.205%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5114	−0.236%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5106	−0.290%	$24.1M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0229%	1h	1.5120	−0.198%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5146	−0.024%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0354%	1h	1.5115	−0.231%	$290.0M	$256.0M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5111	−0.256%	$515K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	0.000%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0629%	1h	1.5135	−0.102%	$2K	$15K	10x	as long as short