Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.013%

Price spread now: SunX against 01 Exchange+0.113%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 SunX

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.113% dearer against 01 Exchange than usual: you sell high and buy low: +$11 more if the spread 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	01 Exchange XRPUSD	1.5339	0.0072	pay 0.0009% / 1h	8m 03s	$8K	$8K	10x
Short	SunX XRP-USDT	1.5356	0.0100	get 0.0100% / 8h	7h 08m	$129K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $5.88
Price spread: +0.113% → 0.000%: $11.34
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $2.22
Costs to cover: 0.150%
Break-even: 4.4 days

Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	17.60 bp	27.1 bp −$27	34.6 bp −$346	doesn't fit	doesn't fit

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	1.5366	+0.176%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5342	+0.017%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5348	+0.057%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0073%	1h	1.5347	+0.050%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.441%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5351	+0.078%	$58K	$935K	50x	as long as short
01 Exchange XRPUSDlong	+0.0072%	1h	1.5339	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5355	+0.105%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5357	+0.117%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5338	−0.007%	$9K	$281K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5333	−0.042%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	−0.049%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5350	+0.070%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5342	+0.017%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5349	+0.064%	$542.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5349	+0.065%	$341.9M	$919.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5350	+0.072%	$124.5M	$868.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5322	−0.111%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5338	−0.007%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.420%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5350	+0.072%	$374.9M	$151.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5351	+0.078%	$304.8M	$915.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5353	+0.093%	$111.1M	$166.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5350	+0.072%	$269.3M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5341	+0.013%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5354	+0.098%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	+0.136%	$667K	$106.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5362	+0.150%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5376	+0.241%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	+0.056%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5347	+0.052%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5349	+0.066%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5353	+0.090%	$826K	$74K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5356	+0.113%	$129K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5352	+0.085%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5357	+0.120%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5356	+0.111%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5348	+0.061%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	+0.066%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5353	+0.091%	$9.3M	$24.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5344	+0.035%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5359	+0.130%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5358	+0.124%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5355	+0.102%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0311%	1h	1.5356	+0.111%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5374	+0.228%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5352	+0.085%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0377%	1h	1.5358	+0.124%	$290.3M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.137%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5341	+0.013%	$543K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0838%	1h	1.5354	+0.098%	$2K	$13K	10x	as long as short