Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against SoDEX+0.145%56s7-day average +0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.213% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.145%, 7d avg +0.015%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.130% dearer against SoDEX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 56 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	SoDEX XRP-USD	1.5157	0.0100	pay 0.0013% / 1h	24m 15s	$28K	$1.7M	10x
Short	BloFin XRP-USDT	1.5179	0.0220	get 0.0220% / 8h	3h 24m	$24.1M	$76.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.145%Rate

Funding earned: $25.2
Price spread: +0.145% → +0.015%: $13
Slippage, 4 orders: −$1.32
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.88
Costs to cover: 0.213%
Break-even: 2.3 days

Slippage from SoDEX: live order book, 5 min ago; BloFin: live order book, 10 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, 5 min ago	0.33 bp	4.3 bp −$4	7.6 bp −$76	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	0.33 bp	6.3 bp −$6	6.3 bp −$63	10.8 bp −$1,083	20.2 bp −$10.1K

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	1.5178	+0.139%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	+0.043%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5161	+0.026%	$7.8M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5156	−0.007%	$253K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5157	0.000%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.659%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5154	−0.017%	$791K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5162	+0.036%	$2.8M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5161	+0.026%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5161	+0.026%	$9K	$348K	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	1.5168	+0.069%	$989K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5155	−0.013%	$38.7M	$85.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5168	+0.073%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5157	0.000%	$534.4M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5158	+0.007%	$345.8M	$943.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5162	+0.033%	$126.5M	$883.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5182	+0.165%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5173	+0.106%	$131K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	+0.363%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5162	+0.033%	$368.7M	$155.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	+0.013%	$296.0M	$904.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5161	+0.024%	$109.0M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5163	+0.040%	$269.1M	$389.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5154	−0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.196%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.209%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5219	+0.409%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.257%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	+0.042%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5159	+0.013%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5155	−0.016%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5156	−0.007%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	+0.002%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5161	+0.027%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5157	long leg	$28K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.080%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	+0.007%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5166	+0.062%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	−0.013%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5172	+0.099%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5167	+0.066%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5153	−0.027%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5179	+0.145%	$24.1M	$76.0M	125x
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5171	+0.092%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5191	+0.227%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0331%	8h	1.5174	+0.112%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5171	+0.092%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0404%	1h	1.5181	+0.158%	$299.6M	$246.6M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.218%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5197	+0.267%	$2K	$15K	10x	as long as short