Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Arcus+0.106%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.106%, 7d avg −0.005%

Together, before fees−0.143%−$14 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: OKX is 0.111% dearer against Arcus than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5159	0.0100	pay 0.0013% / 1h	18m 11s	$137K	$721K	20x
Short	OKX XRP-USDT-SWAP	1.5175	0.0100	get 0.0100% / 8h	3h 18m	$126.1M	$884.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → −0.005%: $11.07
Slippage, 4 orders: −$6.44
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.88
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Arcus: live order book, 36 min ago; OKX: live order book, 6 min ago.

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, 36 min ago	0.33 bp	6.2 bp −$6	7.2 bp −$72	26.5 bp −$2,655	doesn't fit
Sell OKX live order book, 6 min ago	0.33 bp	5.3 bp −$5	6.1 bp −$61	12.0 bp −$1,196	26.6 bp −$13.3K

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	1.5188	+0.191%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5148	−0.073%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.054%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	+0.092%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5170	+0.073%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.645%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5167	+0.054%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5174	+0.099%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5174	+0.099%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5156	−0.020%	$9K	$351K	20x	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	1.5151	−0.049%	$983K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5171	+0.078%	$38.9M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5154	−0.031%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5171	+0.079%	$535.7M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5172	+0.086%	$345.3M	$946.0M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5175	+0.106%	$126.1M	$884.6M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	+0.026%	$564K	$27K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5159	long leg	$137K	$721K	20x
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.036%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5171	+0.079%	$372.4M	$156.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5172	+0.086%	$296.5M	$906.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5173	+0.092%	$109.4M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	+0.079%	$269.4M	$390.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5173	+0.092%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.184%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.141%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.072%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.264%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5160	+0.007%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5170	+0.073%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5166	+0.047%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5166	+0.046%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	+0.056%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.080%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5167	+0.053%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5167	+0.052%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	+0.079%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5150	−0.062%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5164	+0.035%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5168	+0.058%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5161	+0.013%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5181	+0.145%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5159	+0.001%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5158	−0.007%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0252%	1h	1.5183	+0.158%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0264%	8h	1.5168	+0.059%	$1.9M	$35.2M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5155	−0.026%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5157	−0.011%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5189	+0.198%	$298.5M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.204%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5174	+0.102%	$2K	$15K	10x	as long as short