Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX+0.047%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.510%−$51 · spread now +0.047%, 7d avg +0.020%

Together, before fees−0.288%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.027% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5216	0	get 0.0000% / 1h	36m 58s	$1.1M	$148K	10x
Short	SunX XRP-USDT	1.5223	0.0100	get 0.0100% / 8h	7h 36m	$128K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $21
Price spread: +0.047% → +0.020%: $2.69
Slippage, 4 orders: −$58.62
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.93
Costs to cover: 0.766%
Break-even: 24.6 days

Slippage from dYdX: live order book, 2 min ago; SunX: live order book, 9 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, 2 min ago	6.58 bp	11.6 bp −$12	11.6 bp −$116	13.9 bp −$1,389	58.2 bp −$29.1K
Sell SunX live order book, 9 min ago	17.60 bp	26.1 bp −$26	33.2 bp −$332	doesn't fit	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5211	−0.036%	$14.7M	$75.3M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.012%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5216	long leg	$1.1M	$148K	10x
Phoenix XRP	0.0000%	1h	1.5220	+0.026%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5213	−0.020%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5211	−0.032%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.260%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5204	−0.082%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5210	−0.037%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5213	−0.020%	$620K	$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	+0.0100%	8h	1.5216	−0.001%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5215	−0.004%	$995K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5209	−0.049%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5221	+0.033%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	−0.087%	$529.9M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5201	−0.099%	$354.7M	$943.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	−0.106%	$126.8M	$853.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.283%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5225	+0.058%	$144K	$709K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.099%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	−0.080%	$374.8M	$153.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5203	−0.086%	$312.7M	$914.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5205	−0.076%	$106.1M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5204	−0.080%	$269.3M	$382.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5207	−0.060%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5191	−0.165%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.146%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.195%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.112%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5220	+0.023%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5219	+0.019%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5216	+0.001%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5213	−0.020%	$78K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5214	−0.014%	$818K	$76K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5223	+0.047%	$128K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5209	−0.047%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5211	−0.034%	$49.7M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5211	−0.034%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5224	+0.052%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	−0.090%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5211	−0.034%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5212	−0.025%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5221	+0.032%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5210	−0.040%	$5.5M	$47.8M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5224	+0.052%	$1.7M	$33.3M	2.9x	as long as short
Hyperliquid XRP	+0.0188%	1h	1.5223	+0.045%	$290.9M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	−0.047%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5213	−0.019%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0233%	1h	1.5220	+0.026%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5224	+0.053%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0549%	1h	1.5214	−0.017%	$3K	$16K	10x	as long as short