Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%

Price spread now: dYdX against Orderly+0.058%7-day average +0.007% · you sell dearer than you buy

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.058%, 7d avg +0.007%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.051% dearer against Orderly than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.007%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5109	0.0100	pay 0.0100% / 8h	2h 52m	$62K	$934K	50x
Short	dYdX XRP-USD	1.5118	0	get 0.0000% / 1h	52m 35s	$1.1M	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$21
Price spread: +0.058% → +0.007%: $5.11
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$31.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX live order book, 2 min ago	16.22 bp	21.2 bp −$21	21.2 bp −$212	24.1 bp −$2,405	70.3 bp −$35.1K

Orderly: 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	1.5117	+0.053%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5114	+0.033%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5118	+0.058%	$1.1M	$115K	10x
Phoenix XRP	0.0000%	1h	1.5120	+0.073%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5117	+0.053%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	−0.009%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.985%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5127	+0.119%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5108	−0.005%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5120	+0.076%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5121	+0.079%	$497K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5118	+0.060%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5113	+0.030%	$941K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5127	+0.119%	$291.0M	$257.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5122	+0.083%	$38.7M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5122	+0.088%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5123	+0.090%	$532.0M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5123	+0.093%	$342.2M	$949.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5123	+0.093%	$125.3M	$888.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	+0.099%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5130	+0.139%	$137K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	+0.033%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5125	+0.106%	$372.5M	$155.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5123	+0.093%	$294.5M	$904.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5118	+0.060%	$107.8M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5124	+0.099%	$268.5M	$392.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5120	+0.073%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.198%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	+0.025%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.189%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.252%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5109	0.000%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	+0.020%	$50K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	+0.012%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDClong	+0.0100%	8h	1.5109	long leg	$62K	$934K	50x
Derive XRP-PERP	+0.0100%	1h	1.5108	−0.007%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5113	+0.030%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	+0.026%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5113	+0.024%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5118	+0.060%	$53.9M	$31.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5125	+0.109%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5121	+0.079%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5110	+0.007%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0159%	8h	1.5113	+0.026%	$1.8M	$35.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5125	+0.106%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5116	+0.046%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5109	+0.002%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5115	+0.040%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5109	+0.003%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5129	+0.129%	$516K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5120	+0.070%	$2K	$15K	10x	as long as short