Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Arcus−0.086%7-day average +0.003% · you buy dearer than you sell

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

Long on Arcus Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.086%, 7d avg +0.003%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.090% cheaper against Arcus than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5322	0.0100	pay 0.0013% / 1h	3m 49s	$116K	$716K	20x
Short	Derive XRP-PERP	1.5309	0.0100	get 0.0013% / 1h	3m 49s	$824K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Arcus. 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 ArcusbpFee DerivebpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → +0.003%: −$8.97
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Derive: 3 bp × 2 orders: −$6
Net: −$19.47
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 5 min ago; Derive: no order-book sample. 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 Arcus live order book, 5 min ago	1.30 bp	5.0 bp −$5	11.0 bp −$110	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5323	+0.007%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	+0.002%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5310	−0.078%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5304	−0.117%	$9.3M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0071%	1h	1.5309	−0.083%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.553%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5306	−0.104%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5315	−0.046%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5302	−0.129%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5301	−0.137%	$512K	$3.3M	20x	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	+0.0100%	8h	1.5318	−0.026%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5327	+0.035%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5317	−0.029%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5283	−0.256%	$38.6M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	0.000%	$630K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5263	−0.386%	$539.2M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5261	−0.398%	$340.6M	$919.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5264	−0.379%	$123.9M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5351	+0.189%	$571K	$42K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5322	long leg	$116K	$716K	20x
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.180%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5267	−0.359%	$367.4M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5265	−0.372%	$303.1M	$916.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5271	−0.335%	$110.5M	$167.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5274	−0.313%	$268.0M	$375.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5259	−0.411%	—	$124.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	−0.048%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.171%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.215%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.444%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5315	−0.045%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5319	−0.020%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	−0.056%	$41K	$67K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5309	−0.086%	$824K	$74K	10x
SunX XRP-USDT	+0.0100%	8h	1.5324	+0.016%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5302	−0.131%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5305	−0.114%	$50.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5299	−0.150%	$54.3M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5269	−0.344%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5302	−0.129%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5312	−0.065%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5315	−0.046%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5308	−0.091%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5299	−0.148%	$14.4M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5317	−0.034%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0306%	1h	1.5298	−0.157%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5319	−0.020%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0368%	1h	1.5300	−0.144%	$288.5M	$215.2M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.052%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5325	+0.018%	$542K	$775K	10x	as long as short
Aftermath Perps XRPUSD	+0.0846%	1h	1.5337	+0.100%	$2K	$13K	10x	as long as short