Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.009%

Price spread now: Bybit against 01 Exchange+0.020%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5248	0.0112	pay 0.0014% / 1h	42m 33s	$9K	$2K	10x
Short	Bybit XRPUSDT	1.5251	0.0100	get 0.0100% / 8h	42m 33s	$351.3M	$957.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$2.52
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.33 bp	7.6 bp −$8	9.0 bp −$90	15.0 bp −$1,505	27.4 bp −$13.7K

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	1.5241	−0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5242	−0.038%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	−0.131%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5232	−0.105%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.046%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5224	−0.156%	$14.5M	$73.7M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5251	+0.019%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5252	+0.026%	$602K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5239	−0.059%	$10K	$372K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0099% / S −0.0058%	1h	1.5233	−0.099%	$786K	—	200x	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	1.5242	−0.036%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5244	−0.023%	$38.7M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5249	+0.007%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5246	−0.016%	$533.7M	$2.22B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5251	+0.020%	$351.3M	$957.2M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5254	+0.039%	$128.4M	$877.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5226	−0.144%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5253	+0.033%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.377%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5244	−0.026%	$380.1M	$160.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5249	+0.007%	$316.8M	$919.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5246	−0.014%	$107.4M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5250	+0.013%	$269.7M	$392.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5241	−0.046%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5239	−0.062%	$4.9M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5231	−0.114%	$662K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.024%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.007%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5251	+0.017%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5255	+0.046%	$50K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5234	−0.091%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	−0.111%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5233	−0.101%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5234	−0.089%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5227	−0.138%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5239	−0.059%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5229	−0.125%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5250	+0.014%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5240	−0.049%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5228	−0.132%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDlong	+0.0112%	1h	1.5248	long leg	$9K	$2K	10x
Hibachi XRP/USDT-P	+0.0120%	1h	1.5234	−0.093%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0166%	1h	1.5239	−0.059%	$290.7M	$268.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5233	−0.098%	$5.6M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5237	−0.072%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0204%	8h	1.5237	−0.072%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5249	+0.007%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	−0.138%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5241	−0.049%	$529K	$804K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5260	+0.079%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0643%	1h	1.5230	−0.116%	$2K	$16K	10x	as long as short