Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Variational Omni+0.358%7-day average +0.030% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.358%, 7d avg +0.030%

Together, before fees−0.083%+ 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: SunX is 0.328% dearer against Variational Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5205	0.0100	pay 0.0100% / 8h	2h 26m	$6.2M	$24.4M	—
Short	SunX XRP-USDT	1.5259	0.0100	get 0.0100% / 8h	2h 26m	$128K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.358%Rate

Funding earned: $0
Price spread: +0.358% → +0.030%: $32.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $24.8
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SunX: live order book, 8 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	7.6 bp −$76	26.6 bp −$2,658	doesn't fit
Sell SunX live order book, 8 min ago	15.00 bp	24.0 bp −$24	30.9 bp −$309	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5280	+0.496%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	+0.396%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5266	+0.406%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	+0.297%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5281	+0.504%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5301	+0.633%	$9.2M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.560%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5282	+0.508%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5307	+0.673%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5299	+0.619%	$444K	$3.1M	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	1.5269	+0.425%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5312	+0.705%	$38.9M	$71.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5275	+0.463%	$665K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5310	+0.691%	$547.6M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5313	+0.712%	$342.8M	$834.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5314	+0.718%	$123.6M	$831.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.152%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5278	+0.481%	$114K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.024%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5306	+0.665%	$365.1M	$130.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5309	+0.685%	$289.6M	$804.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5309	+0.686%	$113.5M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5318	+0.744%	$266.7M	$338.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5308	+0.679%	—	$3.7M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5205	long leg	$6.2M	$24.4M	—
edgeX XRPUSDC	+0.0100%	4h	1.5202	−0.019%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	+0.106%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.005%	$1.0M	$848K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5281	+0.501%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5277	+0.475%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5285	+0.530%	$823K	$70K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5259	+0.358%	$128K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5295	+0.593%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5275	+0.460%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5304	+0.652%	$54.7M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5274	+0.458%	$476K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5269	+0.422%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5277	+0.475%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5308	+0.677%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5293	+0.577%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5278	+0.481%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0143%	1h	1.5321	+0.764%	$1.7M	$919K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5296	+0.603%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5302	+0.639%	$5.4M	$43.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0208%	8h	1.5297	+0.606%	$1.7M	$31.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5276	+0.469%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	+0.619%	$23.9M	$66.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5249	+0.291%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5282	+0.508%	$405K	$496K	10x	as long as short
Hyperliquid XRP	+0.0462%	1h	1.5329	+0.817%	$281.7M	$181.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0538%	1h	1.5243	+0.253%	$1K	$11K	10x	as long as short