Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.080%7-day average +0.005% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.080%, 7d avg +0.005%

Together, before fees−0.078%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: Binance is 0.076% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5109	0.0100	pay 0.0100% / 8h	5h 41m	$5.9M	$36.1M	—
Short	Binance XRPUSDT	1.5121	0.0100	get 0.0100% / 8h	5h 41m	$535.9M	$2.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.005%: $7.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 2 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 Variational Omni RFQ quote, 3 min ago	2.05 bp	doesn't fit	2.6 bp −$26	21.6 bp −$2,163	doesn't fit
Sell Binance live order book, 2 min ago	0.33 bp	5.7 bp −$6	7.7 bp −$77	14.8 bp −$1,481	28.4 bp −$14.2K

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	1.5116	+0.047%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5115	+0.042%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5144	+0.231%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0031% / S +0.0047%	1h	1.5142	+0.222%	$818K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.986%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5142	+0.219%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5153	+0.292%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5148	+0.259%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5122	+0.087%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5120	+0.074%	$508K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5143	+0.226%	$9K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5151	+0.276%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5126	+0.113%	$280.2M	$221.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5128	+0.125%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5121	+0.080%	$607K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5121	+0.080%	$535.9M	$2.09B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5122	+0.087%	$343.2M	$925.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5123	+0.094%	$125.2M	$864.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5116	+0.047%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5157	+0.319%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	+0.177%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5121	+0.080%	$369.8M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5123	+0.094%	$293.0M	$895.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5124	+0.099%	$106.5M	$170.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5114	+0.034%	$266.1M	$380.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5130	+0.140%	—	$4.1M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5109	long leg	$5.9M	$36.1M	—
edgeX XRPUSDC	+0.0100%	4h	1.5125	+0.104%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5100	−0.059%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	+0.193%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5150	+0.272%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5151	+0.279%	$41K	$448K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5147	+0.255%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	+0.250%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5155	+0.306%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5146	+0.246%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5154	+0.302%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.246%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5155	+0.303%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5120	+0.071%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5142	+0.218%	$58K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5148	+0.261%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5150	+0.272%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5150	+0.272%	$24.3M	$74.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0236%	1h	1.5149	+0.266%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5143	+0.225%	$14.4M	$72.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5114	+0.036%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5156	+0.312%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5159	+0.333%	$528K	$769K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5120	+0.074%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0717%	1h	1.5132	+0.153%	$2K	$14K	10x	as long as short