Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Arcus+0.020%7-day average −0.004% · 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−$17as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Arcus Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.020%, 7d avg −0.004%

Together, before fees−0.280%−$28 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: SoDEX is 0.024% dearer against Arcus than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5148	0.0100	pay 0.0013% / 1h	37m 00s	$110K	$717K	20x
Short	SoDEX XRP-USD	1.5151	0.0100	get 0.0013% / 1h	37m 00s	$29K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.004%: $2.42
Slippage, 4 orders: −$6.43
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.51
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from Arcus: live order book, 22 min ago; SoDEX: live order book, 2 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, 22 min ago	1.32 bp	5.3 bp −$5	13.0 bp −$130	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit

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	1.5162	+0.092%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5151	+0.023%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5161	+0.086%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.013%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5148	+0.001%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5151	+0.020%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0029%	1h	1.5148	0.000%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5156	+0.053%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0081%	8h	1.5145	−0.020%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5155	+0.048%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5156	+0.053%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5148	0.000%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5146	−0.010%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5157	+0.059%	$281.4M	$225.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5146	−0.014%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5162	+0.091%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5138	−0.066%	$533.4M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5136	−0.079%	$344.3M	$932.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5133	−0.099%	$125.7M	$874.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.178%	$563K	$28K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5148	long leg	$110K	$717K	20x
Bulk XRP-USD	+0.0100%	1h	1.5146	−0.015%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5139	−0.059%	$369.6M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5143	−0.033%	$289.1M	$897.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5149	+0.004%	$107.9M	$173.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5152	+0.026%	$267.8M	$384.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5142	−0.040%	—	$126.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.002%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.028%	$658K	$108.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	+0.211%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5153	+0.033%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5149	+0.007%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.046%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5150	+0.013%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5146	−0.014%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5158	+0.067%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5151	+0.020%	$29K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5149	+0.004%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5149	+0.007%	$54.0M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5163	+0.102%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5148	−0.001%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	−0.013%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5162	+0.089%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0165%	1h	1.5155	+0.046%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5152	+0.026%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5146	−0.012%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	+0.026%	$24.1M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5156	+0.053%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5158	+0.067%	$516K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0652%	1h	1.5157	+0.059%	$2K	$15K	10x	as long as short