Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: edgeX against Bybit+0.059%51s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.233% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.059%, 7d avg −0.028%

Together, before fees−0.217%+ Points / potential airdropedgeX: Active · farm board−$22 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 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5165	0.0100	pay 0.0100% / 8h	4m 47s	$350.0M	$948.0M	100x
Short	edgeX XRPUSDC	1.5174	0.0100	get 0.0050% / 4h	4m 47s	$659K	$113.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.028%: $8.68
Slippage, 4 orders: −$3.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.67
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 4 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 Bybit live order book, 4 min ago	0.33 bp	6.2 bp −$6	7.1 bp −$71	14.3 bp −$1,427	27.5 bp −$13.7K
Sell edgeX live order book, 4 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.7 bp −$875	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	1.5180	+0.099%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5178	+0.088%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	+0.136%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5192	+0.178%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.605%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5185	+0.132%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5174	+0.057%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.035%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5176	+0.073%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5185	+0.132%	$20K	$382K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5188	+0.155%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5176	+0.073%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5172	+0.048%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	+0.023%	$529.3M	$2.21B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5165	long leg	$350.0M	$948.0M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5168	+0.020%	$127.6M	$862.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.046%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5197	+0.211%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.158%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5179	+0.092%	$378.0M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5169	+0.026%	$309.5M	$930.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5167	+0.014%	$106.6M	$183.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5178	+0.086%	$269.2M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5178	+0.086%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5165	+0.003%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5174	+0.059%	$659K	$113.2M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	+0.059%	$1.1M	$33.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	+0.112%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.163%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5192	+0.178%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	+0.134%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5190	+0.165%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	+0.129%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5190	+0.167%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.125%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.027%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5186	+0.138%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	+0.044%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5176	+0.071%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5195	+0.198%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5186	+0.141%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0110% / S −0.0072%	1h	1.5185	+0.131%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0144%	1h	1.5191	+0.171%	$290.0M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5189	+0.158%	$1.8M	$33.7M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5189	+0.158%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5198	+0.218%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	+0.125%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5186	+0.136%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5196	+0.204%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5190	+0.165%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5181	+0.103%	$2K	$16K	10x	as long as short