Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: edgeX against Bulk+0.357%7-day average −0.043% · 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+$21as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Bulk Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.148%−$15 on $10k

Price spread, last 7 days−0.375%−$37 · spread now +0.357%, 7d avg −0.043%

Together, before fees−0.523%+ Points / potential airdropedgeX: Active · farm board−$52 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: edgeX is 0.400% dearer against Bulk than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5337	0.0100	pay 0.0013% / 1h	51m 34s	$1.7M	$565K	20x
Short	edgeX XRPUSDC	1.5392	0.0100	get 0.0050% / 4h	3h 51m	$668K	$106.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bulk. 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 BulkbpFee edgeXbpOrdersPrice spread, now +0.357%Rate

Funding earned: $0
Price spread: +0.357% → −0.043%: $39.95
Slippage, 4 orders: −$3.09
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $20.86
Costs to cover: 0.191%
Break-even: from the start

Slippage from Bulk: live order book, 3 min ago; edgeX: 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 Bulk live order book, 3 min ago	0.32 bp	4.3 bp −$4	5.6 bp −$56	14.4 bp −$1,437	26.8 bp −$13.4K
Sell edgeX live order book, 3 min ago	0.97 bp	5.5 bp −$5	5.5 bp −$55	9.0 bp −$905	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	1.5357	+0.130%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	−0.028%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5392	+0.360%	$258K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0087%	1h	1.5391	+0.355%	$844K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5354	+0.111%	$9.3M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.454%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5363	+0.170%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5340	+0.018%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5344	+0.046%	$513K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5332	−0.033%	$8K	$8K	10x	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	1.5330	−0.046%	$12K	$272K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5334	−0.018%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	+0.023%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	−0.019%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	+0.026%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5331	−0.039%	$539.1M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5332	−0.033%	$339.7M	$930.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5332	−0.033%	$125.2M	$881.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.111%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5334	−0.020%	$116K	$711K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5337	long leg	$1.7M	$565K	20x
Gate XRP_USDT	+0.0100%	8h	1.5334	−0.020%	$374.1M	$148.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5338	+0.007%	$298.8M	$893.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5340	+0.017%	$108.8M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5328	−0.059%	$268.7M	$376.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5330	−0.046%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5388	+0.335%	$6.5M	$35.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5392	+0.357%	$668K	$106.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.326%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5397	+0.391%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5338	+0.007%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5395	+0.378%	$48K	$459K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	+0.372%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5368	+0.203%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5386	+0.319%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5348	+0.072%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5389	+0.336%	$50.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5346	+0.059%	$54.6M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5324	−0.083%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	+0.079%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5390	+0.348%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5387	+0.326%	$23.9M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5360	+0.150%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	+0.039%	$14.6M	$70.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0293%	1h	1.5352	+0.098%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5392	+0.356%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5398	+0.398%	$2.1M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0474%	1h	1.5354	+0.111%	$291.2M	$215.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.411%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0754%	1h	1.5378	+0.266%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5335	−0.015%	$507K	$755K	10x	as long as short