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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bullet against Vest−0.036%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Bullet

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.036% cheaper against Vest than usual: you would sell low and buy high, −$4 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	Vest XRP-PERP	1.5310	0.0100	pay 0.0013% / 1h	35m 06s	—	$9K	10x
Short	Bullet XRP-USD	1.5304	0.0100	get 0.0013% / 1h	35m 06s	$41K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$13.56
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bullet: 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 Vest no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Vest and Bullet: 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	1.5332	+0.144%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5320	+0.066%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5305	−0.032%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5312	+0.014%	$9.3M	$25.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0081%	1h	1.5303	−0.045%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.634%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5312	+0.014%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5316	+0.040%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5316	+0.040%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5308	−0.012%	$10K	$279K	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	1.5324	+0.091%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5306	−0.022%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5311	+0.010%	$38.7M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	+0.125%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5322	+0.076%	$539.5M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5321	+0.072%	$341.3M	$922.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5320	+0.066%	$124.6M	$869.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	+0.040%	$571K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5321	+0.072%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.092%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5313	+0.020%	$373.6M	$149.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5315	+0.033%	$307.4M	$902.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5315	+0.034%	$108.6M	$165.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5321	+0.072%	$268.0M	$375.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5317	+0.046%	—	$123.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.119%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5307	−0.017%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5296	−0.091%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.151%	$1.0M	$892K	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5310	long leg	—	$9K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5307	−0.019%	$49K	$442K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5304	−0.036%	$41K	$68K	20x
Derive XRP-PERP	+0.0100%	1h	1.5314	+0.028%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5341	+0.202%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5311	+0.007%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5301	−0.056%	$50.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5313	+0.020%	$54.5M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5317	+0.049%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5309	−0.006%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5310	+0.001%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5300	−0.066%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5311	+0.007%	$23.9M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5318	+0.053%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5309	−0.007%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0282%	1h	1.5324	+0.092%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5326	+0.105%	$2.1M	$35.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5333	+0.152%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0404%	1h	1.5331	+0.138%	$289.5M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.262%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5322	+0.079%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5316	+0.038%	$506K	$754K	10x	as long as short