Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: Vest against BloFin+0.028%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.028% dearer against BloFin than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5299	0.0220	pay 0.0220% / 8h	4h 43m	$23.8M	$77.3M	125x
Short	Vest XRP-PERP	1.5303	0.0100	get 0.0013% / 1h	43m 09s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. 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 BloFinbpFee VestbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$25.2
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$36.42
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Vest: 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 BloFin live order book, 4 min ago	3.93 bp	9.9 bp −$10	9.9 bp −$99	14.8 bp −$1,481	26.1 bp −$13.0K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 exchanges

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	1.5360	+0.399%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5312	+0.087%	$13.7M	$68.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5303	+0.025%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	−0.059%	$68K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5311	+0.078%	$7.6M	$19.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5302	+0.018%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.706%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5304	+0.033%	$9K	$987	10x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5299	+0.002%	$17K	$68K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5312	+0.087%	$2.7M	$13.5M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5315	+0.105%	$574K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5310	+0.072%	$5.5M	$41.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5306	+0.043%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5291	−0.052%	$10K	$412K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5298	−0.003%	$847K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5313	+0.092%	$297.8M	$261.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5308	+0.059%	$39.0M	$79.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5305	+0.039%	$590K	$978K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5309	+0.068%	$532.7M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5314	+0.098%	$361.7M	$853.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5310	+0.072%	$123.6M	$819.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5259	−0.261%	$561K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5304	+0.033%	$161K	$690K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5288	−0.069%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5301	+0.013%	$375.9M	$157.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5308	+0.059%	$319.0M	$880.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5305	+0.040%	$104.0M	$180.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5316	+0.111%	$270.9M	$346.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5297	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	−0.238%	$4.9M	$37.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5286	−0.085%	$664K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5298	−0.005%	$1.1M	$32.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5299	0.000%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5303	+0.028%	—	$15K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5302	+0.020%	$50K	$471K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5302	+0.021%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5305	+0.039%	$83K	$602K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5309	+0.064%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5303	+0.027%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5307	+0.052%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5286	−0.084%	$49.8M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5308	+0.059%	$54.7M	$33.1M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5301	+0.016%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5303	+0.026%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0108%	8h	1.5302	+0.020%	$1.9M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0166%	1h	1.5306	+0.046%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5299	long leg	$23.8M	$77.3M	125x
Reya XRPRUSDPERP	+0.0224%	1h	1.5297	−0.015%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0264% / S −0.0531%	1h	1.5302	+0.021%	$882K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5305	+0.039%	$506K	$721K	10x	as long as short
Aftermath Perps XRPUSD	+0.0388%	1h	1.5293	−0.039%	$3K	$13K	10x	as long as short