Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Vest against Derive−0.187%350s7-day average — · you buy dearer than you sell

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

Long on Derive 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.187% cheaper against Derive than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 350 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	Derive XRP-PERP	1.5224	0.0100	pay 0.0013% / 1h	58m 18s	$819K	$72K	10x
Short	Vest XRP-PERP	1.5196	0.0100	get 0.0013% / 1h	58m 18s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Derive. 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 DerivebpFee VestbpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → 0.000%: −$18.7
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$26.7
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Derive and 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 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	1.5195	−0.191%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5195	−0.194%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	−0.027%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5192	−0.211%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5196	−0.185%	$7.8M	$24.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.206%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5191	−0.219%	$14.5M	$74.3M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0094% / S −0.0051%	1h	1.5193	−0.207%	$784K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5192	−0.214%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5191	−0.217%	$545K	$3.1M	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	+0.0099%	8h	1.5185	−0.257%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5192	−0.214%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5194	−0.196%	$38.5M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5191	−0.215%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5195	−0.192%	$532.2M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5191	−0.217%	$348.4M	$959.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5192	−0.211%	$129.4M	$882.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5196	−0.185%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5197	−0.178%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.188%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5191	−0.217%	$378.8M	$159.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5191	−0.217%	$312.0M	$915.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5189	−0.234%	$107.1M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5190	−0.224%	$268.6M	$395.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5191	−0.217%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	−0.245%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5204	−0.130%	$661K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5196	−0.185%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	−0.106%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5196	−0.187%	—	$15K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5190	−0.224%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5196	−0.185%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5197	−0.178%	$75K	$686K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5224	long leg	$819K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5194	−0.200%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5193	−0.204%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5196	−0.184%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	−0.185%	$54.3M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5194	−0.197%	$474K	$55K	50x	as long as short
Backpack XRP_USDC_PERP	+0.0101%	1h	1.5199	−0.165%	$2.0M	$1.4M	25x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5187	−0.241%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5192	−0.210%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5193	−0.207%	$17K	$79K	7x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5195	−0.191%	$8K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5196	−0.185%	$5.6M	$48.2M	50x	as long as short
Hyperliquid XRP	+0.0195%	1h	1.5203	−0.139%	$289.6M	$267.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0215%	8h	1.5202	−0.145%	$1.8M	$34.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5185	−0.257%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	−0.204%	$23.7M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5195	−0.189%	$528K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0700%	1h	1.5209	−0.100%	$2K	$16K	10x	as long as short