Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Vest+0.071%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 Variational Omni

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 · Variational Omni: 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: Variational Omni is 0.071% dearer against Vest than usual: you sell high and buy low, +$7 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	1.5140	0.0100	pay 0.0013% / 1h	35m 39s	—	$11K	10x
Short	Variational Omni XRP	1.5151	0.0100	get 0.0100% / 8h	5h 35m	$5.7M	$36.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → 0.000%: $7.12
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.12
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.02 bp	doesn't fit	8.1 bp −$81	29.7 bp −$2,974	doesn't fit

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	1.5132	−0.051%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	+0.071%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	+0.074%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0045%	1h	1.5150	+0.067%	$817K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.776%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	+0.021%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5153	+0.087%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5158	+0.120%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5151	+0.071%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5150	+0.068%	$512K	$3.3M	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	+0.0100%	8h	1.5135	−0.032%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.044%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5158	+0.120%	$280.7M	$220.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5158	+0.122%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	+0.079%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5154	+0.095%	$537.2M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5154	+0.094%	$343.8M	$925.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5157	+0.114%	$125.6M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.183%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5157	+0.114%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	−0.028%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	+0.087%	$369.6M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5157	+0.114%	$293.9M	$896.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	+0.056%	$106.7M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5155	+0.101%	$266.7M	$380.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5153	+0.087%	—	$126.0M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5151	+0.071%	$5.7M	$36.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.112%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−0.135%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.131%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5140	long leg	—	$11K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	+0.061%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	+0.075%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	+0.114%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.032%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	+0.114%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	−0.019%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	+0.114%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5155	+0.101%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5152	+0.079%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5153	+0.087%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0201%	1h	1.5165	+0.167%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5144	+0.028%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5160	+0.134%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.005%	$24.2M	$74.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5154	+0.092%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5131	−0.056%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5142	+0.015%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5148	+0.054%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.065%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0706%	1h	1.5133	−0.044%	$2K	$14K	10x	as long as short