Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Arcus+0.123%7-day average +0.020% · 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−$46as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.123%, 7d avg +0.020%

Together, before fees−0.194%−$19 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: SunX is 0.102% dearer against Arcus than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5093	0.0100	pay 0.0013% / 1h	46m 32s	$137K	$716K	20x
Short	SunX XRP-USDT	1.5111	0.0100	get 0.0100% / 8h	2h 46m	$126K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.020%: $10.21
Slippage, 4 orders: −$43.81
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$46.1
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; SunX: live order book, 9 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, 2 min ago	0.99 bp	3.2 bp −$3	5.4 bp −$54	24.2 bp −$2,418	doesn't fit
Sell SunX live order book, 9 min ago	16.61 bp	25.7 bp −$26	32.6 bp −$326	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	1.5094	+0.007%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5096	+0.019%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5091	−0.015%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.245%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5096	+0.020%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5093	0.000%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.094%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5090	−0.020%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5092	−0.006%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5095	+0.015%	$2.8M	$14.8M	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	1.5095	+0.013%	$496K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5085	−0.053%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5088	−0.030%	$937K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5097	+0.027%	$290.4M	$258.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5091	−0.013%	$38.7M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5096	+0.020%	$605K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5085	−0.051%	$530.7M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5087	−0.040%	$341.5M	$950.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5088	−0.033%	$125.4M	$887.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5111	+0.119%	$562K	$27K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5093	long leg	$137K	$716K	20x
Bulk XRP-USD	+0.0100%	1h	1.5114	+0.139%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5093	0.000%	$371.7M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5085	−0.053%	$294.8M	$905.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5092	−0.004%	$107.6M	$179.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5085	−0.053%	$267.6M	$393.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5083	−0.066%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	+0.231%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5105	+0.081%	$656K	$111.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5131	+0.251%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5124	+0.205%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5090	−0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5089	−0.027%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5086	−0.050%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5094	+0.007%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5093	−0.003%	$812K	$72K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5111	+0.123%	$126K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5092	−0.007%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5093	+0.003%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5092	−0.007%	$53.8M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5091	−0.014%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5082	−0.070%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5091	−0.010%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0146%	8h	1.5100	+0.046%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5098	+0.033%	$5.6M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5098	+0.033%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5083	−0.065%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5097	+0.027%	$24.1M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5096	+0.019%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5092	−0.007%	$515K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0621%	1h	1.5116	+0.155%	$2K	$15K	10x	as long as short