Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Ondo Perps against Arcus−0.033%7-day average −0.043% · you buy dearer than you sell

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

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.033%, 7d avg −0.043%

Together, before fees−0.110%+ Points / potential airdropOndo Perps: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5003	0.0100	pay 0.0013% / 1h	4m 03s	$111K	$613K	20x
Short	Ondo Perps XRP-USD.P	1.4998	0.0100	get 0.0013% / 1h	4m 03s	$559K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.043%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$8.49
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 29 min ago; Ondo Perps: 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, 29 min ago	1.67 bp	5.4 bp −$5	9.6 bp −$96	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5005	+0.014%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.4997	−0.040%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5005	+0.014%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5021	+0.120%	$8.7M	$22.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5009	+0.038%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4990	−0.087%	$2K	$62K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5007	+0.027%	$178K	$779K	50x	as long as short
Vest XRP-PERP	+0.0086%	1h	1.4998	−0.031%	—	$9K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5015	+0.078%	$2.9M	$10.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5016	+0.087%	$571K	$2.4M	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	1.5003	0.000%	$12K	$249K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.4994	−0.058%	$1.0M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5017	+0.090%	$38.3M	$68.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5004	+0.004%	$663K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5024	+0.142%	$528.9M	$1.75B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5024	+0.140%	$339.2M	$784.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5021	+0.120%	$125.1M	$789.2M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.4998	−0.033%	$559K	$45K	5x
Arcus XRP-USDlong	+0.0100%	1h	1.5003	long leg	$111K	$613K	20x
Bulk XRP-USD	+0.0100%	1h	1.5015	+0.080%	$1.6M	$139K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5020	+0.113%	$349.2M	$127.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5016	+0.087%	$310.4M	$771.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5011	+0.053%	$110.8M	$137.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5017	+0.093%	$259.3M	$321.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5019	+0.107%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5029	+0.176%	$6.7M	$21.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5058	+0.367%	$654K	$89.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	+0.166%	$1.1M	$40.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5032	+0.193%	$995K	$687K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5006	+0.020%	$60K	$432K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5000	−0.019%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5011	+0.052%	$809K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5008	+0.030%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5020	+0.113%	$36K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.4994	−0.058%	$49.4M	$13.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5014	+0.073%	$53.9M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5005	+0.014%	$468K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5012	+0.058%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5005	+0.013%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5012	+0.063%	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0158%	8h	1.5023	+0.133%	$1.8M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5033	+0.200%	$1.7M	$916K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5021	+0.120%	$5.1M	$39.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.4998	−0.033%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5000	−0.020%	$23.3M	$59.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5005	+0.015%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0265%	1h	1.5012	+0.062%	$15.1M	$55.9M	50x	as long as short
Hyperliquid XRP	+0.0347%	1h	1.5030	+0.180%	$272.6M	$160.1M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5004	+0.010%	$407K	$489K	10x	as long as short
Aftermath Perps XRPUSD	+0.0445%	1h	1.5026	+0.155%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.313%	$67K	$89K	15x	as long as short