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 −0.004%

Price spread now: Vest against Variational Omni+0.087%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.087% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5346	0.0100	pay 0.0100% / 8h	7h 59m	$6.4M	$35.5M	—
Short	Vest XRP-PERP	1.5360	0.0100	get 0.0013% / 1h	59m 27s	—	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → 0.000%: $8.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $6.67
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Vest: no order-book sample. 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, 5 min ago	2.02 bp	doesn't fit	8.7 bp −$87	23.7 bp −$2,375	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 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	1.5368	+0.141%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	+0.106%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.023%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5367	+0.135%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5365	+0.124%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5370	+0.154%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5368	+0.141%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5371	+0.160%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.392%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5355	+0.055%	$2.9M	$13.6M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5352	+0.036%	$513K	$3.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5349	+0.017%	$38.9M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5353	+0.044%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5360	+0.088%	$542.1M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5363	+0.108%	$340.1M	$933.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5361	+0.095%	$125.6M	$886.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.172%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5355	+0.056%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.087%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5350	+0.023%	$372.6M	$146.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5352	+0.036%	$303.2M	$887.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	+0.103%	$109.5M	$167.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5361	+0.095%	$268.7M	$377.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5352	+0.036%	—	$123.0M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5346	long leg	$6.4M	$35.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5347	+0.001%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.147%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.036%	$1.0M	$902K	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5360	+0.087%	—	$10K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.115%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5368	+0.141%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5370	+0.152%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5372	+0.165%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5368	+0.141%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5364	+0.113%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5366	+0.128%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5361	+0.092%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5352	+0.037%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5365	+0.124%	$72K	$40K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.085%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5374	+0.180%	$24.1M	$75.1M	125x	as long as short
01 Exchange XRPUSD	+0.0224%	1h	1.5360	+0.088%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5374	+0.180%	$5.8M	$47.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0268%	1h	1.5374	+0.180%	$1.7M	$1.1M	25x	as long as short
Nado XRP-PERP	+0.0287%	1h	1.5360	+0.092%	$1.0M	$5.6M	20x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.133%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5378	+0.206%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0514%	1h	1.5379	+0.212%	$291.2M	$216.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0775%	1h	1.5343	−0.024%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5360	+0.091%	$512K	$753K	10x	as long as short