Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.010%

Price spread now: Variational Omni against 01 Exchange−0.545%48s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.545% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.545% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 5 months of funding at the current rate ($0 a day). The two prices were read 48 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	1.5042	0.0088	pay 0.0011% / 1h	21m 45s	$8K	$8K	10x
Short	Variational Omni XRP	1.4960	0.0100	get 0.0100% / 8h	2h 21m	$4.7M	$38.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.545%Rate

Funding earned: $2.52
Price spread: −0.545% → 0.000%: −$54.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$58.97
Costs to cover: 0.070%
Break-even: 170.8 days

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago	2.03 bp	doesn't fit	3.6 bp −$36	21.6 bp −$2,157	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	1.5027	−0.100%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5053	+0.074%	$14.1M	$74.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5050	+0.051%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.4980	−0.412%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5039	−0.019%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.444%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5038	−0.028%	$787K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0082%	1h	1.5056	+0.093%	$7.7M	$25.6M	50x	as long as short
01 Exchange XRPUSDlong	+0.0088%	1h	1.5042	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5053	+0.073%	$2.8M	$15.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5058	+0.106%	$545K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5053	+0.073%	$10K	$359K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5038	−0.023%	$945K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5062	+0.135%	$287.3M	$261.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5055	+0.086%	$38.3M	$87.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5057	+0.101%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5058	+0.109%	$523.2M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5058	+0.106%	$342.7M	$964.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5062	+0.133%	$125.0M	$879.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4996	−0.306%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5067	+0.166%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.103%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5059	+0.113%	$369.4M	$159.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5063	+0.140%	$286.5M	$921.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5054	+0.080%	$104.9M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5059	+0.113%	$264.1M	$397.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5061	+0.126%	—	$106.1M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.4960	−0.545%	$4.7M	$38.4M	—
edgeX XRPUSDC	+0.0100%	4h	1.4951	−0.603%	$649K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.4988	−0.362%	$1.1M	$37.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4945	−0.645%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5037	−0.034%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5045	+0.020%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5043	+0.007%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5047	+0.033%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5050	+0.054%	$810K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5054	+0.082%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5054	+0.080%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5041	−0.010%	$49.2M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5050	+0.053%	$53.7M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5063	+0.143%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5054	+0.080%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5052	+0.067%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0160%	8h	1.5037	−0.033%	$1.7M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0173%	1h	1.5068	+0.173%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5056	+0.093%	$5.6M	$48.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5000	−0.276%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5039	−0.020%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5005	−0.246%	$23.2M	$76.4M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5065	+0.155%	$518K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0624%	1h	1.5011	−0.209%	$2K	$16K	10x	as long as short