Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.115%

Price spread now: Bitget against RISEx−0.060%48s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.254% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.331%−$33 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.060%, 7d avg −0.047%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5230	0.0337	pay 0.0042% / 1h	49m 52s	$523K	$796K	10x
Short	Bitget XRPUSDT	1.5221	0.0100	get 0.0100% / 8h	7h 49m	$270.0M	$385.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$49.67
Price spread: −0.060% → −0.047%: −$1.3
Slippage, 4 orders: −$7.38
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.35
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from RISEx: live order book, 49 min ago; Bitget: live order book, 4 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 RISEx live order book, 49 min ago	2.90 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.33 bp	6.3 bp −$6	8.9 bp −$89	17.6 bp −$1,762	23.4 bp −$11.7K

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5206	−0.157%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5228	−0.014%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	−0.026%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.198%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5208	−0.145%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5233	+0.016%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.166%	$2K	$107K	30x	as long as short
Phemex XRPUSDT	+0.0035%	8h	1.5205	−0.165%	$54.3M	$32.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5233	+0.016%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5204	−0.168%	$2.8M	$14.5M	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	1.5209	−0.139%	$607K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5217	−0.086%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5225	−0.035%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5219	−0.071%	$38.6M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5231	+0.006%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5222	−0.056%	$530.6M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	−0.073%	$353.2M	$946.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5221	−0.060%	$127.0M	$861.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.152%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5231	+0.006%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.267%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5220	−0.066%	$379.4M	$151.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	−0.047%	$314.4M	$912.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5216	−0.095%	$106.5M	$183.8M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5221	−0.060%	$270.0M	$385.2M	125x
BingX XRP-USDC	+0.0100%	8h	1.5210	−0.132%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.027%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.104%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5218	−0.079%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	−0.047%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5226	−0.030%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5221	−0.060%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5213	−0.114%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5210	−0.132%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.155%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5209	−0.137%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5204	−0.171%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5231	+0.005%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5230	+0.003%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5210	−0.134%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5204	−0.168%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0077%	1h	1.5209	−0.139%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5228	−0.014%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5210	−0.132%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5229	−0.007%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0207%	1h	1.5235	+0.032%	$291.0M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5233	+0.019%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5211	−0.124%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0273%	1h	1.5212	−0.119%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDClong	+0.0337%	1h	1.5230	long leg	$523K	$796K	10x
Aftermath Perps XRPUSD	+0.0537%	1h	1.5212	−0.117%	$3K	$16K	10x	as long as short