Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: Deribit against Bitget+0.020%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.347%−$35 · spread now +0.020%, 7d avg +0.025%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5154	0.0100	pay 0.0100% / 8h	5h 05m	$268.8M	$381.2M	125x
Short	Deribit XRP_USDC-PERPETUAL	1.5157	0	get 0.0000% / 1h	5m 57s	$7.7M	$25.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$21
Price spread: +0.020% → +0.025%: −$0.5
Slippage, 4 orders: −$5.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$46.26
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 3 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 Bitget live order book, 3 min ago	0.33 bp	6.3 bp −$6	7.5 bp −$75	17.0 bp −$1,700	34.1 bp −$17.1K
Sell Deribit live order book, 3 min ago	1.65 bp	6.4 bp −$6	16.1 bp −$161	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	1.5161	+0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5167	+0.087%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5157	+0.020%	$7.7M	$25.5M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5156	+0.013%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0031% / S +0.0037%	1h	1.5156	+0.015%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.679%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5155	+0.007%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5154	0.000%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5157	+0.022%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5162	+0.053%	$511K	$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	1.5149	−0.033%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5155	+0.010%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5170	+0.106%	$281.8M	$223.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5160	+0.040%	$38.3M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5165	+0.073%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5153	−0.010%	$535.0M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5153	−0.007%	$345.4M	$930.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5157	+0.020%	$125.6M	$871.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5169	+0.099%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5163	+0.059%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.455%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5155	+0.007%	$368.3M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5155	+0.007%	$297.2M	$904.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5157	+0.021%	$108.6M	$172.1M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5154	long leg	$268.8M	$381.2M	125x
BingX XRP-USDT	+0.0100%	8h	1.5156	+0.013%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	−0.003%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.233%	$660K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5183	+0.191%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5189	+0.231%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5162	+0.050%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5157	+0.020%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5159	+0.035%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5155	+0.008%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5168	+0.092%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5156	+0.013%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5161	+0.048%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5161	+0.046%	$53.9M	$30.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5164	+0.069%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5154	−0.003%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5154	−0.003%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0178%	1h	1.5166	+0.079%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5175	+0.138%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5157	+0.020%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5159	+0.033%	$5.6M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	+0.165%	$24.2M	$75.6M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5159	+0.032%	$14.3M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5171	+0.112%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5160	+0.038%	$516K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.238%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0654%	1h	1.5193	+0.259%	$2K	$14K	10x	as long as short