Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.011%

Price spread now: edgeX against SoDEX+0.125%75s7-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—prices read too far apart to compare

costs, in and out, $10k−$200.203% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.125%, 7d avg −0.005%

Together, before fees−0.300%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX 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 −0.005%. Mind the row above: over the last 4 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour. The two prices were read 75 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	1.5356	0.0060	pay 0.0007% / 1h	54m 11s	$30K	$1.5M	10x
Short	edgeX XRPUSDC	1.5375	0.0100	get 0.0050% / 4h	1h 54m	$668K	$109.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $8.43
Price spread: +0.125% → −0.005%: $13.01
Slippage, 4 orders: −$3.25
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.19
Costs to cover: 0.202%
Break-even: 6.0 days

Slippage from SoDEX: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	0.65 bp	4.6 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	0.98 bp	5.5 bp −$5	5.6 bp −$56	8.8 bp −$878	doesn't fit

XRP on 50 exchanges

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	1.5403	+0.306%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5356	0.000%	$14.1M	$71.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5367	+0.071%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5359	+0.020%	$7.8M	$21.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5353	−0.021%	$245K	—	150x	as long as short
01 Exchange XRPUSD	+0.0016%	1h	1.5360	+0.026%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.328%	$2K	$107K	30x	as long as short
SoDEX XRP-USDlong	+0.0060%	1h	1.5356	long leg	$30K	$1.5M	10x
Lighter XRP	+0.0096%	1h	1.5354	−0.010%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5360	+0.026%	$601K	$3.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0099%	8h	1.5367	+0.072%	$479K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5359	+0.020%	$9K	$400K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5359	+0.023%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5369	+0.085%	$299.6M	$266.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5356	0.000%	$39.4M	$81.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5367	+0.072%	$594K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5358	+0.013%	$535.8M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5358	+0.013%	$364.0M	$890.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5355	−0.007%	$124.8M	$839.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5365	+0.059%	$565K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5366	+0.065%	$165K	$684K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.150%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5359	+0.020%	$383.3M	$155.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5355	−0.007%	$313.5M	$887.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5354	−0.012%	$106.7M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5356	0.000%	$272.4M	$357.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5358	+0.013%	—	$103.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5365	+0.059%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5375	+0.121%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5375	+0.125%	$668K	$109.5M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5385	+0.191%	$1.1M	$30.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5406	+0.326%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5364	+0.051%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5360	+0.026%	$53K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5353	−0.017%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5352	−0.026%	$84K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	+0.079%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5347	−0.057%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5357	+0.007%	$54.7M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5349	−0.043%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.049%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5359	+0.020%	$5.5M	$44.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5373	+0.110%	$17K	$76K	7x	as long as short
Kalshi KXXRPPERP	+0.0140%	8h	1.5369	+0.085%	$1.9M	$34.9M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0201% / S −0.0540%	1h	1.5353	−0.018%	$806K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5361	+0.033%	$23.9M	$78.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5355	−0.007%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5366	+0.063%	$514K	$739K	10x	as long as short
Aftermath Perps XRPUSD	+0.0432%	1h	1.5387	+0.200%	$3K	$13K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5390	+0.221%	$69K	$108K	15x	as long as short