Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Variational Omni−0.019%7-day average +0.013% · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now −0.019%, 7d avg +0.013%

Together, before fees+0.172%+ Points / potential airdropVariational Omni: Active · farm board+$17 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: SoDEX is 0.032% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5354	0.0100	pay 0.0100% / 8h	7h 07m	$6.5M	$35.6M	—
Short	SoDEX XRP-USD	1.5351	0.0100	get 0.0013% / 1h	7m 17s	$30K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.013%: −$3.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.2
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SoDEX: 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	2.05 bp	doesn't fit	7.9 bp −$79	26.4 bp −$2,642	doesn't fit
Sell SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.6 bp −$76	doesn't fit	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	1.5356	+0.013%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5354	+0.002%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5346	−0.054%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0072%	1h	1.5345	−0.060%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.342%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5351	−0.019%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5341	−0.084%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5351	−0.019%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5357	+0.020%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5346	−0.052%	$9K	$281K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	+0.036%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5351	−0.016%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5349	−0.034%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5355	+0.006%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5351	−0.019%	$542.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5350	−0.026%	$342.1M	$918.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5352	−0.013%	$124.6M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5322	−0.208%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5355	+0.007%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	−0.028%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5346	−0.052%	$374.8M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5347	−0.045%	$304.9M	$915.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5346	−0.052%	$111.0M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5350	−0.026%	$269.2M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5349	−0.032%	—	$3.7M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5354	long leg	$6.5M	$35.6M	—
edgeX XRPUSDC	+0.0100%	4h	1.5376	+0.144%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.007%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.235%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.037%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5349	−0.032%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5350	−0.027%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5354	+0.001%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5357	+0.022%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5351	−0.019%	$30K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5349	−0.032%	$50.3M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5351	−0.019%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5347	−0.048%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.029%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5352	−0.013%	$9.3M	$24.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5343	−0.070%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5355	+0.007%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5358	+0.026%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5351	−0.022%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0311%	1h	1.5356	+0.013%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5374	+0.131%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5360	+0.039%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0376%	1h	1.5360	+0.039%	$290.4M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.039%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5350	−0.023%	$543K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0833%	1h	1.5354	0.000%	$2K	$13K	10x	as long as short