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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Variational Omni+0.050%7-day average +0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

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 7 days−0.033%−$3 · spread now +0.050%, 7d avg +0.018%

Together, before fees−0.033%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$3 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: GRVT is 0.032% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5130	0.0100	pay 0.0100% / 8h	3h 10m	$4.8M	$38.3M	—
Short	GRVT XRP_USDT_Perp	1.5137	0.0100	get 0.0100% / 8h	3h 10m	$1.1M	$36.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.018%: $3.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$5.79
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; GRVT: live order book, 3 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, 4 min ago	2.01 bp	doesn't fit	3.8 bp −$38	21.8 bp −$2,176	doesn't fit
Sell GRVT live order book, 3 min ago	0.33 bp	4.9 bp −$5	13.1 bp −$131	56.2 bp −$5,620	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	1.5130	+0.002%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5132	+0.017%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5131	+0.009%	$258K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5134	+0.029%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.844%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	+0.007%	$794K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5143	+0.088%	$7.7M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5131	+0.009%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5128	−0.011%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5127	−0.018%	$10K	$351K	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	1.5130	+0.005%	$962K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5128	−0.014%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5132	+0.014%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5127	−0.018%	$533.2M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5125	−0.031%	$343.8M	$946.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5127	−0.018%	$125.3M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5148	+0.121%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	+0.028%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.057%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5128	−0.011%	$371.6M	$157.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5127	−0.018%	$297.0M	$907.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5132	+0.017%	$109.0M	$178.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5128	−0.011%	$268.6M	$390.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5128	−0.011%	—	$127.8M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5130	long leg	$4.8M	$38.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5144	+0.094%	$658K	$110.7M	30x	as long as short
GRVT XRP_USDT_Perpshort	+0.0100%	8h	1.5137	+0.050%	$1.1M	$36.8M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	+0.134%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5132	+0.015%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5131	+0.009%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5130	+0.005%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5134	+0.028%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5137	+0.046%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	+0.038%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	+0.061%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5143	+0.086%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5135	+0.035%	$53.9M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	+0.003%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	−0.029%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	+0.047%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5134	+0.028%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5141	+0.075%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0197%	8h	1.5141	+0.075%	$1.9M	$35.3M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5129	−0.003%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5132	+0.015%	$24.3M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0242%	1h	1.5141	+0.075%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5137	+0.047%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5131	+0.009%	$515K	$775K	10x	as long as short
Hyperliquid XRP	+0.0396%	1h	1.5145	+0.101%	$296.8M	$252.3M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.068%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0654%	1h	1.5153	+0.155%	$2K	$15K	10x	as long as short