Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.009%

Price spread now: OKX against 01 Exchange−0.039%7-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 OKX

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.039% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5250	0.0136	pay 0.0017% / 1h	51m 29s	$9K	$8K	10x
Short	OKX XRP-USDT-SWAP	1.5244	0.0100	get 0.0100% / 8h	3h 51m	$127.8M	$888.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$7.56
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.49
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.33 bp	5.4 bp −$5	6.8 bp −$68	14.0 bp −$1,405	30.3 bp −$15.1K

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	1.5244	−0.039%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	−0.036%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.159%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	−0.157%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	−0.202%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.033%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0017%	1h	1.5224	−0.174%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5250	0.000%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	−0.007%	$501K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5229	−0.138%	$62K	$934K	50x	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	+0.0098%	8h	1.5239	−0.072%	$15K	$341K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	−0.026%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5248	−0.016%	$38.6M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5245	−0.032%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5243	−0.049%	$535.7M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5244	−0.039%	$349.0M	$940.9M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5244	−0.039%	$127.8M	$888.1M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.498%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5246	−0.026%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.452%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5241	−0.059%	$373.0M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5245	−0.033%	$291.4M	$897.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5245	−0.031%	$108.9M	$176.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5243	−0.046%	$269.8M	$388.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5242	−0.052%	—	$127.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.729%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.376%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.192%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.289%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	−0.069%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5232	−0.118%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5227	−0.150%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5228	−0.147%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.125%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.164%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5233	−0.108%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.157%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	−0.035%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5237	−0.084%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5224	−0.172%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDlong	+0.0136%	1h	1.5250	long leg	$9K	$8K	10x
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	−0.164%	$5.6M	$47.5M	50x	as long as short
Hyperliquid XRP	+0.0214%	1h	1.5260	+0.066%	$293.0M	$234.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5232	−0.117%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.328%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5206	−0.286%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	−0.125%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5247	−0.020%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5248	−0.016%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.590%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5172	−0.512%	$2K	$15K	10x	as long as short