Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.018%

Price spread now: 01 Exchange against Orderly+0.072%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.072% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5239	0.0097	pay 0.0097% / 8h	3h 51m	$62K	$934K	50x
Short	01 Exchange XRPUSD	1.5250	0.0136	get 0.0017% / 1h	51m 23s	$9K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.072%Rate

Funding earned: $8.16
Price spread: +0.072% → 0.000%: $7.22
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $2.38
Costs to cover: 0.130%
Break-even: 5.0 days

Slippage unknown: Orderly: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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	1.5244	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	+0.036%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	+0.005%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	−0.085%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	−0.130%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.106%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	−0.004%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5250	+0.072%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	+0.066%	$501K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDClong	+0.0097%	8h	1.5239	long leg	$62K	$934K	50x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0098%	8h	1.5239	0.000%	$15K	$341K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	+0.046%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5245	+0.038%	$38.6M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5245	+0.040%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5242	+0.017%	$535.7M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5239	0.000%	$348.9M	$941.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5238	−0.007%	$127.8M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.427%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5246	+0.046%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.381%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5246	+0.046%	$373.1M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5247	+0.052%	$291.4M	$897.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5246	+0.047%	$108.9M	$176.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5249	+0.066%	$269.9M	$388.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5244	+0.033%	—	$127.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.657%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.304%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.120%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.217%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	+0.003%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	+0.039%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	+0.039%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	−0.001%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.053%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.092%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5233	−0.036%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.085%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	+0.038%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5234	−0.032%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	−0.016%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDshort	+0.0136%	1h	1.5250	+0.072%	$9K	$8K	10x
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	−0.092%	$5.6M	$47.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.054%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.256%	$24.2M	$76.2M	125x	as long as short
Hyperliquid XRP	+0.0221%	1h	1.5259	+0.131%	$293.0M	$234.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	−0.096%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	−0.052%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5247	+0.052%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5248	+0.056%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.518%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	−0.370%	$2K	$15K	10x	as long as short