Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: edgeX against Variational Omni−0.052%104s7-day average −0.028% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.052%, 7d avg −0.028%

Together, before fees−0.129%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$13 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: edgeX is 0.025% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 104 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	Variational Omni XRP	1.5239	0.0100	pay 0.0100% / 8h	41m 45s	$4.9M	$38.5M	—
Short	edgeX XRPUSDC	1.5231	0.0100	get 0.0050% / 4h	41m 45s	$662K	$113.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.028%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.46
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: 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, 2 min ago	2.03 bp	doesn't fit	5.7 bp −$57	22.4 bp −$2,244	doesn't fit
Sell edgeX live order book, 2 min ago	0.99 bp	5.5 bp −$5	5.6 bp −$56	8.7 bp −$866	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	1.5241	+0.016%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5233	−0.033%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5248	+0.063%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5252	+0.088%	$7.9M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.110%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5244	+0.034%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5234	−0.030%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5236	−0.017%	$602K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5239	+0.003%	$10K	$372K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0100% / S −0.0058%	1h	1.5250	+0.072%	$787K	—	200x	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	1.5242	+0.026%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5232	−0.043%	$38.6M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5249	+0.069%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5230	−0.056%	$533.5M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5237	−0.010%	$350.8M	$957.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5238	−0.003%	$128.5M	$877.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5226	−0.082%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5253	+0.095%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.315%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5233	−0.036%	$379.8M	$160.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5232	−0.043%	$315.0M	$920.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5239	+0.002%	$107.4M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5237	−0.010%	$269.3M	$392.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5238	−0.003%	—	$107.5M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5239	long leg	$4.9M	$38.5M	—
edgeX XRPUSDCshort	+0.0100%	4h	1.5231	−0.052%	$662K	$113.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.086%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.069%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5251	+0.079%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5255	+0.108%	$50K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5249	+0.070%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5247	+0.056%	$78K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5238	−0.003%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5258	+0.130%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5243	+0.029%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5256	+0.112%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5248	+0.062%	$54.5M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5250	+0.076%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5227	−0.073%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5247	+0.056%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5248	+0.062%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5234	−0.031%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0157%	1h	1.5248	+0.062%	$290.9M	$268.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5251	+0.082%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5252	+0.088%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0204%	8h	1.5237	−0.010%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5249	+0.069%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	−0.076%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5256	+0.118%	$529K	$804K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5260	+0.141%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5235	−0.022%	$2K	$16K	10x	as long as short