Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against SoDEX+0.040%7-day average +0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on SoDEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.040%, 7d avg +0.005%

Together, before fees+0.018%+$2 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 0.035% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5108	0.0100	pay 0.0013% / 1h	0m 13s	$30K	$1.7M	10x
Short	Arcus XRP-USD	1.5114	0.0100	get 0.0013% / 1h	0m 13s	$114K	$694K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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 SoDEXbpFee ArcusbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.005%: $3.51
Slippage, 4 orders: −$6.14
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.14
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Arcus: 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 SoDEX live order book, 4 min ago	0.33 bp	4.3 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	0.66 bp	5.6 bp −$6	11.5 bp −$115	doesn't fit	doesn't fit

XRP on 50 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	1.5113	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5109	+0.004%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.212%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5103	−0.031%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0052%	1h	1.5103	−0.035%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.992%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5104	−0.024%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5110	+0.013%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5110	+0.013%	$7.7M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5106	−0.014%	$2.8M	$14.5M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5111	+0.020%	$508K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5107	−0.007%	$10K	$299K	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5108	−0.002%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5113	+0.033%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5105	−0.017%	$535.3M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5103	−0.033%	$340.8M	$925.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5106	−0.013%	$124.4M	$862.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5106	−0.013%	$563K	$28K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5114	+0.040%	$114K	$694K	20x
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.238%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5102	−0.040%	$366.8M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5104	−0.026%	$290.7M	$920.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5102	−0.040%	$106.3M	$170.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5101	−0.046%	$266.5M	$379.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5105	−0.020%	—	$126.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5125	+0.112%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5146	+0.253%	$658K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5132	+0.157%	$1.1M	$36.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5159	+0.338%	$1.2M	$1.0M	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5118	+0.069%	$966K	$6.0M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5116	+0.055%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5110	+0.013%	$42K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5108	+0.002%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5110	+0.016%	$813K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5117	+0.059%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5108	long leg	$30K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5111	+0.017%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5109	+0.007%	$53.8M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5113	+0.032%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5103	−0.034%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5107	−0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5111	+0.020%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0152%	1h	1.5120	+0.079%	$279.5M	$220.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5103	−0.033%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5111	+0.020%	$5.7M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5111	+0.020%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5135	+0.179%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0358%	8h	1.5116	+0.053%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5115	+0.044%	$526K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0764%	1h	1.5132	+0.158%	$2K	$14K	10x	as long as short