Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: BloFin against dYdX−0.055%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.055%, 7d avg +0.008%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.063% cheaper against dYdX than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.008%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5147	0	get 0.0000% / 1h	6m 31s	$1.1M	$115K	10x
Short	BloFin XRP-USDT	1.5139	0.0220	get 0.0220% / 8h	3h 06m	$24.2M	$75.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.055%Rate

Funding earned: $46.2
Price spread: −0.055% → +0.008%: −$6.27
Slippage, 4 orders: −$56.64
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$38.71
Costs to cover: 0.786%
Break-even: 12.9 days

Slippage from dYdX: live order book, 3 min ago; BloFin: 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 dYdX live order book, 3 min ago	24.85 bp	29.9 bp −$30	29.9 bp −$299	57.0 bp −$5,704	228.5 bp −$114.3K
Sell BloFin live order book, 3 min ago	2.65 bp	8.6 bp −$9	9.1 bp −$91	14.5 bp −$1,448	24.6 bp −$12.3K

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	1.5133	−0.094%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5147	long leg	$1.1M	$115K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5142	−0.035%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.098%	$258K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5141	−0.043%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.725%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	−0.108%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5153	+0.040%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	+0.044%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5141	−0.041%	$10K	$355K	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	1.5149	+0.008%	$979K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.001%	$39.0M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	+0.051%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	+0.007%	$533.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5150	+0.018%	$343.8M	$947.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.025%	$125.3M	$886.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5145	−0.015%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	+0.044%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.059%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5149	+0.011%	$374.9M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5151	+0.025%	$294.2M	$910.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	+0.036%	$109.2M	$178.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5151	+0.025%	$269.0M	$391.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5148	+0.005%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.116%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.223%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.273%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5119	−0.187%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5148	+0.007%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.051%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.119%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5137	−0.068%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	−0.063%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	−0.091%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	−0.055%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.032%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	−0.055%	$53.9M	$31.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	+0.026%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.024%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5135	−0.081%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5149	+0.011%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0177%	8h	1.5141	−0.041%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5144	−0.022%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5150	+0.018%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5139	−0.055%	$24.2M	$75.8M	125x
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5150	+0.018%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5122	−0.167%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5153	+0.039%	$517K	$777K	10x	as long as short
Hyperliquid XRP	+0.0378%	1h	1.5165	+0.117%	$290.9M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5110	−0.246%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0637%	1h	1.5136	−0.074%	$2K	$15K	10x	as long as short