Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Vest+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 Vest Short on BloFin

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 airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.087% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread 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	Vest XRP-PERP	1.5304	0.0100	pay 0.0013% / 1h	32m 33s	—	$9K	10x
Short	BloFin XRP-USDT	1.5317	0.0220	get 0.0220% / 8h	7h 32m	$24.0M	$73.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Vest. 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 VestbpFee BloFinbpOrdersPrice spread, now +0.087%Rate

Funding earned: $25.18
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: $19.88
Costs to cover: 0.140%
Break-even: 1.5 days

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 7 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 Vest no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	0.65 bp	6.7 bp −$7	7.7 bp −$77	10.7 bp −$1,067	16.4 bp −$8,187

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 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	1.5308	+0.028%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5303	−0.002%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5310	+0.041%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0081%	1h	1.5307	+0.023%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.675%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5313	+0.061%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5316	+0.080%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5307	+0.020%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5310	+0.041%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5293	−0.070%	$10K	$277K	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	1.5300	−0.026%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5296	−0.047%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5303	−0.003%	$38.7M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5306	+0.015%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5296	−0.048%	$538.7M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5301	−0.018%	$341.1M	$921.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5300	−0.024%	$124.6M	$867.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	+0.080%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5302	−0.011%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.051%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5295	−0.057%	$373.1M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5303	−0.005%	$307.8M	$902.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5302	−0.011%	$108.6M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5305	+0.009%	$267.8M	$374.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5305	+0.009%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.160%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.064%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	+0.122%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.192%	$1.0M	$892K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5306	+0.015%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5312	+0.054%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5315	+0.076%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5326	+0.145%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5315	+0.074%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	+0.097%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5313	+0.061%	$54.5M	$29.5M	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5304	long leg	—	$9K	10x
Extended XRP-USD	+0.0104%	1h	1.5291	−0.081%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5295	−0.057%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5313	+0.063%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5304	+0.001%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5317	+0.087%	$24.0M	$73.7M	125x
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5319	+0.100%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5314	+0.067%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0284%	1h	1.5322	+0.120%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5327	+0.152%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5328	+0.156%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0401%	1h	1.5315	+0.074%	$289.2M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.172%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5328	+0.157%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5299	−0.029%	$505K	$754K	10x	as long as short