Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.010%

Price spread now: Katana Perps against Vest+0.499%52s7-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 Katana Perps

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: Katana Perps is 0.499% dearer against Vest than usual: you sell high and buy low, +$50 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest XRP-PERP	1.5454	0.0100	pay 0.0013% / 1h	0m 46s	—	$10K	10x
Short	Katana Perps XRP-USD	1.5531	0.0101	get 0.0101% / 8h	2h 00m	$11K	$243K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now +0.499%Rate

Funding earned: $0.2
Price spread: +0.499% → 0.000%: $49.86
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $44.27
Costs to cover: 0.058%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Katana Perps: 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 Katana Perps no order-book sample	—	—	—	—	—

Vest and Katana Perps: 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	1.5457	+0.020%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5482	+0.180%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.155%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5472	+0.117%	$9.4M	$24.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5471	+0.113%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.061%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5471	+0.110%	$81K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0160%	1h	1.5478	+0.155%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5481	+0.176%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5483	+0.188%	$447K	$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	1.5458	+0.030%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5490	+0.233%	$39.4M	$73.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	+0.232%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5490	+0.232%	$557.2M	$1.88B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5489	+0.227%	$348.5M	$854.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5489	+0.227%	$126.2M	$854.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.394%	$575K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5511	+0.369%	$120K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	+0.004%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5488	+0.220%	$368.9M	$134.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5488	+0.220%	$284.1M	$827.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5488	+0.222%	$112.6M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5490	+0.233%	$268.6M	$347.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5503	+0.317%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.286%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5414	−0.261%	$670K	$96.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.362%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.440%	$1.0M	$879K	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5454	long leg	—	$10K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5470	+0.104%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5486	+0.205%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5468	+0.089%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5487	+0.217%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5470	+0.104%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5467	+0.082%	$50.9M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5470	+0.104%	$55.2M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5488	+0.223%	$483K	$54K	50x	as long as short
Katana Perps XRP-USDshort	+0.0101%	8h	1.5531	+0.499%	$11K	$243K	20x
Extended XRP-USD	+0.0104%	1h	1.5511	+0.368%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	+0.093%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5462	+0.052%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5469	+0.098%	$15.8M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5475	+0.136%	$5.7M	$45.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5480	+0.169%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0212%	1h	1.5478	+0.156%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	+0.085%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5463	+0.059%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	+0.021%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5537	+0.535%	$408K	$523K	10x	as long as short
Hyperliquid XRP	+0.0522%	1h	1.5498	+0.285%	$286.2M	$191.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5435	−0.119%	$1K	$11K	10x	as long as short