Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.030%

Price spread now: Bitget against Coinbase International−0.040%7-day average −0.025% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.040%, 7d avg −0.025%

Together, before fees+0.016%+$2 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5015	0.0184	pay 0.0023% / 1h	29m 55s	$5.6M	$48.2M	50x
Short	Bitget XRPUSDT	1.5009	0.0100	get 0.0100% / 8h	2h 29m	$264.8M	$397.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$17.64
Price spread: −0.040% → −0.025%: −$1.46
Slippage, 4 orders: −$6.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.09
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bitget: 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 Coinbase International live order book, 4 min ago	0.33 bp	7.8 bp −$8	10.4 bp −$104	30.4 bp −$3,040	doesn't fit
Sell Bitget live order book, 4 min ago	0.33 bp	6.6 bp −$7	10.3 bp −$103	16.9 bp −$1,690	28.8 bp −$14.4K

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	1.5013	−0.013%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5010	−0.031%	$14.2M	$75.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5012	−0.020%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5030	+0.100%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5004	−0.071%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0017%	1h	1.5010	−0.033%	$7.6M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.630%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5005	−0.070%	$785K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5009	−0.040%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5013	−0.016%	$2.8M	$14.9M	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	1.5016	+0.007%	$494K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5004	−0.073%	$12K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5012	−0.017%	$912K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5023	+0.053%	$287.4M	$259.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5011	−0.027%	$38.3M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5007	−0.053%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5010	−0.036%	$525.3M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5009	−0.040%	$340.0M	$961.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5012	−0.020%	$124.5M	$889.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5033	+0.120%	$559K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5011	−0.027%	$143K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5027	+0.079%	$1.6M	$4K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5008	−0.047%	$367.8M	$158.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5009	−0.040%	$289.1M	$914.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5010	−0.035%	$106.2M	$180.7M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5009	−0.040%	$264.8M	$397.2M	125x
BingX XRP-USDT	+0.0100%	8h	1.5011	−0.027%	—	$105.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5004	−0.072%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5013	−0.012%	$652K	$112.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5026	+0.074%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5014	−0.007%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5013	−0.013%	—	$13K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5011	−0.027%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5009	−0.040%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5007	−0.053%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5004	−0.076%	$807K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5013	−0.011%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5008	−0.047%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5010	−0.034%	$49.0M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5012	−0.020%	$53.5M	$31.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5005	−0.066%	$468K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5006	−0.057%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5006	−0.057%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0133%	8h	1.5014	−0.007%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0164%	1h	1.5020	+0.033%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0184%	1h	1.5015	long leg	$5.6M	$48.2M	50x
Hibachi XRP/USDT-P	+0.0216%	1h	1.5026	+0.071%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5005	−0.064%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5001	−0.093%	$23.3M	$75.8M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5009	−0.042%	$512K	$778K	10x	as long as short
Aftermath Perps XRPUSD	+0.0601%	1h	1.5035	+0.136%	$2K	$16K	10x	as long as short