Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against SunX+0.227%7-day average −0.068% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.227%, 7d avg −0.068%

Together, before fees−0.284%+ Points / potential airdropOndo Perps: Active · farm board−$28 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: Ondo Perps is 0.295% dearer against SunX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5169	0.0100	pay 0.0100% / 8h	7h 54m	$127K	$1.7M	30x
Short	Ondo Perps XRP-USD.P	1.5203	0.0100	get 0.0013% / 1h	54m 47s	$565K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now +0.227%Rate

Funding earned: $0
Price spread: +0.227% → −0.068%: $29.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $16.54
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 11 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 SunX live order book, 11 min ago	16.62 bp	22.7 bp −$23	26.2 bp −$262	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0172%	1h	1.5184	+0.104%	$14.3M	$74.4M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	+0.129%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5209	+0.266%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5169	+0.003%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	+0.030%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.581%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5205	+0.238%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5211	+0.280%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5213	+0.293%	$607K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5158	−0.069%	$20K	$382K	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	1.5164	−0.026%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5209	+0.270%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5207	+0.257%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5209	+0.264%	$530.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5200	+0.208%	$352.6M	$949.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	+0.208%	$126.9M	$864.3M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5203	+0.227%	$565K	$33K	5x
Arcus XRP-USD	+0.0100%	1h	1.5172	+0.023%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.138%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5214	+0.300%	$379.5M	$151.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5205	+0.241%	$312.4M	$911.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5215	+0.307%	$106.6M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5211	+0.280%	$269.7M	$388.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5211	+0.280%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	+0.082%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	+0.158%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	+0.133%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	+0.030%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5177	+0.056%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	−0.010%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5173	+0.030%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5168	−0.003%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.250%	$818K	$77K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5169	long leg	$127K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5179	+0.069%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5188	+0.130%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5190	+0.142%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5168	−0.004%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5209	+0.268%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5168	−0.007%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0075%	1h	1.5172	+0.020%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5165	−0.023%	$8K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5186	+0.115%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5175	+0.043%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0203%	1h	1.5225	+0.372%	$290.7M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5190	+0.142%	$23.9M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5165	−0.025%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0247%	1h	1.5200	+0.208%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5167	−0.007%	$520K	$796K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.076%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5181	+0.083%	$2K	$16K	10x	as long as short