Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.022%

Price spread now: BloFin against 01 Exchange−0.258%98s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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—needs both histories

Funding pays, the price is against you. BloFin is 0.258% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 20 days of funding at the current rate (+$1 a day). The two prices were read 98 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	01 Exchange XRPUSD	1.5510	0.0176	pay 0.0022% / 1h	29m 42s	$8K	$8K	10x
Short	BloFin XRP-USDT	1.5470	0.0220	get 0.0220% / 8h	1h 29m	$24.6M	$73.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now −0.258%Rate

Funding earned: $9.24
Price spread: −0.258% → 0.000%: −$25.79
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.55
Costs to cover: 0.190%
Break-even: 33.9 days

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	3.86 bp	9.9 bp −$10	10.3 bp −$103	15.9 bp −$1,594	28.3 bp −$14.1K

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	1.5461	−0.316%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5494	−0.105%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5466	−0.284%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	−0.270%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.418%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0042%	1h	1.5467	−0.279%	$15.4M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5465	−0.290%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0125%	1h	1.5468	−0.270%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5497	−0.085%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5501	−0.058%	$439K	$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
Nado XRP-PERP	+0.0100%	1h	1.5457	−0.338%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5489	−0.135%	$39.2M	$78.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5504	−0.039%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5506	−0.028%	$558.4M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5507	−0.019%	$346.4M	$890.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5506	−0.026%	$126.7M	$875.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.032%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5506	−0.026%	$118K	$739K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5503	−0.045%	$373.5M	$139.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5507	−0.019%	$289.9M	$846.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5497	−0.082%	$113.2M	$158.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5504	−0.039%	$270.2M	$361.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5505	−0.032%	—	$117.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.164%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.137%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.286%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.123%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5466	−0.284%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5460	−0.322%	$45K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	−0.239%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5470	−0.256%	$833K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5472	−0.244%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5466	−0.284%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5453	−0.371%	$50.8M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5468	−0.271%	$55.1M	$29.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.215%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5492	−0.115%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5505	−0.032%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5503	−0.048%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5467	−0.280%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5488	−0.140%	$18K	$81K	7x	as long as short
01 Exchange XRPUSDlong	+0.0176%	1h	1.5510	long leg	$8K	$8K	10x
Reya XRPRUSDPERP	+0.0211%	1h	1.5462	−0.311%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5472	−0.245%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5470	−0.258%	$24.6M	$73.1M	125x
Backpack XRP_USDC_PERP	+0.0245%	1h	1.5474	−0.232%	$1.8M	$995K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5473	−0.239%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.387%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5515	+0.030%	$508K	$629K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5513	+0.019%	$290.3M	$202.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0726%	1h	1.5546	+0.232%	$1K	$11K	10x	as long as short