Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX+0.038%7-day average −0.036% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.038%, 7d avg −0.036%

Together, before fees−0.314%+ Points / potential airdropVariational Omni: Active · farm board−$31 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: Variational Omni is 0.074% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5384	0.0100	pay 0.0100% / 8h	5h 58m	$129K	$1.5M	30x
Short	Variational Omni XRP	1.5390	0.0100	get 0.0100% / 8h	5h 58m	$5.0M	$38.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.036%: $7.41
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.59
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 10 min ago	17.26 bp	21.3 bp −$21	25.1 bp −$251	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.05 bp	doesn't fit	4.5 bp −$45	24.1 bp −$2,411	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	+0.124%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5382	−0.013%	$14.1M	$72.0M	50x	as long as short
SoDEX XRP-USD	−0.0027%	1h	1.5382	−0.013%	$30K	$1.5M	10x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5419	+0.227%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5386	+0.013%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5387	+0.020%	$246K	—	150x	as long as short
Ondo Perps XRP-USD.P	+0.0006%	1h	1.5389	+0.033%	$565K	$37K	5x	as long as short
01 Exchange XRPUSD	+0.0016%	1h	1.5392	+0.052%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.144%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5380	−0.023%	$2.8M	$14.0M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5384	0.000%	$605K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5392	+0.052%	$480K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5386	+0.013%	$9K	$400K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5394	+0.068%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5392	+0.052%	$300.0M	$267.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5386	+0.013%	$39.4M	$81.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5404	+0.129%	$596K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5377	−0.043%	$536.2M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5382	−0.013%	$364.7M	$893.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5381	−0.020%	$124.9M	$841.8M	100x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5399	+0.098%	$165K	$684K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5385	+0.007%	$383.6M	$155.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5378	−0.039%	$309.7M	$885.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5382	−0.015%	$106.9M	$181.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5380	−0.026%	$272.8M	$358.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5377	−0.046%	—	$4.2M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5390	+0.038%	$5.0M	$38.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.055%	$669K	$110.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5425	+0.265%	$1.1M	$31.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5405	+0.137%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5392	+0.055%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5385	+0.007%	$53K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5384	+0.003%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5384	0.000%	$84K	$613K	50x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5384	long leg	$129K	$1.5M	30x
HTX XRP-USDT	+0.0100%	8h	1.5378	−0.040%	$50.1M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5384	0.000%	$54.8M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5369	−0.096%	$1.6M	$25K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5377	−0.044%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5377	−0.046%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5385	+0.007%	$5.5M	$44.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5403	+0.126%	$17K	$76K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0120%	1h	1.5390	+0.039%	$2.0M	$1.2M	25x	as long as short
Kalshi KXXRPPERP	+0.0142%	8h	1.5400	+0.104%	$1.9M	$34.8M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0168% / S −0.0366%	1h	1.5401	+0.111%	$610K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5399	+0.098%	$23.9M	$78.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5377	−0.046%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5391	+0.048%	$514K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0433%	1h	1.5404	+0.129%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5410	+0.169%	$69K	$108K	15x	as long as short