Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against SoDEX+0.043%7-day average +0.026% · 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−$55as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.043%, 7d avg +0.026%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5517	0.0100	pay 0.0013% / 1h	59m 42s	$32K	$1.9M	10x
Short	SunX XRP-USDT	1.5524	0.0100	get 0.0100% / 8h	1h 59m	$130K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.026%: $1.7
Slippage, 4 orders: −$40.9
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.2
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; SunX: live order book, 6 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	0.32 bp	4.3 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	17.59 bp	26.7 bp −$27	33.5 bp −$335	doesn't fit	doesn't fit

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	1.5495	−0.142%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5491	−0.169%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.561%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5523	+0.040%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.463%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5532	+0.097%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0159%	1h	1.5522	+0.032%	$915K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5500	−0.111%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5513	−0.026%	$448K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5545	+0.184%	$1.1M	$5.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5516	−0.005%	$39.5M	$73.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5512	−0.032%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5546	+0.187%	$559.2M	$1.89B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5539	+0.142%	$349.9M	$857.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5519	+0.013%	$126.4M	$858.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5499	−0.116%	$575K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5543	+0.168%	$122K	$701K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.402%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5525	+0.052%	$369.0M	$132.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5507	−0.064%	$283.4M	$809.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5516	−0.007%	$112.2M	$149.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5536	+0.122%	$269.1M	$348.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5528	+0.071%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	−0.336%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5461	−0.362%	$671K	$96.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	−0.211%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5459	−0.374%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5517	−0.002%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5549	+0.206%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5526	+0.058%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5529	+0.075%	$836K	$70K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5524	+0.043%	$130K	$1.7M	30x
SoDEX XRP-USDlong	+0.0100%	1h	1.5517	long leg	$32K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5520	+0.017%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5511	−0.039%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5519	+0.014%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5538	+0.135%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5534	+0.112%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5522	+0.034%	$72K	$40K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0137%	1h	1.5527	+0.064%	$9.5M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5516	−0.010%	$15.8M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5522	+0.032%	$5.7M	$45.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5534	+0.109%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0216%	1h	1.5524	+0.045%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	−0.322%	$24.3M	$69.4M	125x	as long as short
01 Exchange XRPUSD	+0.0304%	1h	1.5634	+0.754%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5493	−0.155%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	−0.385%	$19K	$66K	7x	as long as short
Hyperliquid XRP	+0.0500%	1h	1.5515	−0.011%	$286.8M	$191.6M	20x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5548	+0.198%	$409K	$524K	10x	as long as short
Aftermath Perps XRPUSD	+0.0531%	1h	1.5437	−0.514%	$1K	$11K	10x	as long as short