Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against Variational Omni+0.193%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.193% dearer against Variational Omni than usual: you sell high and buy low (spread +0.193% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5110	0.0100	pay 0.0100% / 8h	2h 57m	$4.8M	$38.3M	—
Short	01 Exchange XRPUSD	1.5139	0.0056	get 0.0007% / 1h	57m 18s	$8K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.193%Rate

Funding earned: −$9.24
Price spread: +0.193% → 0.000%: $19.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $3.05
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 01 Exchange: 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, 2 min ago	2.02 bp	doesn't fit	4.3 bp −$43	21.2 bp −$2,116	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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	1.5098	−0.078%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5150	+0.267%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5128	+0.120%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5152	+0.279%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5148	+0.254%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.979%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5148	+0.250%	$794K	—	200x	as long as short
01 Exchange XRPUSDshort	+0.0056%	1h	1.5139	+0.193%	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5150	+0.269%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5153	+0.286%	$498K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5129	+0.127%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5137	+0.183%	$946K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5157	+0.312%	$290.5M	$257.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5148	+0.249%	$38.9M	$86.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5133	+0.154%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5149	+0.256%	$532.6M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5149	+0.259%	$343.0M	$950.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5147	+0.246%	$125.2M	$889.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5102	−0.052%	$562K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5142	+0.213%	$137K	$722K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5150	+0.266%	$373.5M	$154.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	+0.252%	$294.3M	$903.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	+0.249%	$108.3M	$179.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5149	+0.259%	$268.7M	$392.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5144	+0.226%	—	$4.2M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5110	long leg	$4.8M	$38.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5106	−0.024%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5111	+0.010%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5112	+0.014%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5134	+0.158%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5150	+0.266%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5147	+0.246%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5148	+0.252%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	+0.249%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5152	+0.282%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.252%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5140	+0.200%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.239%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.016%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5135	+0.166%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	+0.222%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5144	+0.227%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5125	+0.100%	$1.8M	$35.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0174%	1h	1.5109	−0.006%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5150	+0.266%	$5.7M	$48.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5144	+0.227%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	+0.213%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5091	−0.124%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5141	+0.207%	$516K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	+0.133%	$67K	$109K	15x	as long as short
Aftermath Perps XRPUSD	+0.0623%	1h	1.5122	+0.079%	$2K	$15K	10x	as long as short