Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.023%

Price spread now: Aevo against edgeX+0.124%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: 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: Aevo is 0.124% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5198	0.0100	pay 0.0050% / 4h	1h 24m	$660K	$113.6M	30x
Short	Aevo XRP-PERP	1.5217	0.0104	get 0.0013% / 1h	24m 38s	$58K	$25K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.124%Rate

Funding earned: $0.84
Price spread: +0.124% → 0.000%: $12.37
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.79
Costs to cover: 0.250%
Break-even: 105.2 days

Slippage unknown: edgeX: live order book, 5 min ago; Aevo: 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 edgeX live order book, 5 min ago	0.99 bp	5.5 bp −$5	5.7 bp −$57	9.0 bp −$895	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	1.5213	+0.098%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5221	+0.148%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.078%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.183%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5220	+0.144%	$7.7M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5216	+0.117%	$14.4M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.381%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	+0.041%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5215	+0.110%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5212	+0.091%	$547K	$3.2M	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	1.5204	+0.038%	$10K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	+0.219%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5212	+0.091%	$38.6M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5214	+0.104%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5211	+0.083%	$533.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5209	+0.071%	$346.8M	$963.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5212	+0.091%	$127.5M	$886.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.001%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5219	+0.137%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5209	+0.071%	$377.5M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5212	+0.091%	$304.6M	$927.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5214	+0.103%	$107.8M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5209	+0.071%	$268.4M	$397.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5212	+0.091%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	+0.156%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5198	long leg	$660K	$113.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5212	+0.091%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5207	+0.058%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5235	+0.240%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5240	+0.275%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5226	+0.183%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5221	+0.150%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.327%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	+0.178%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5218	+0.130%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5230	+0.211%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5216	+0.117%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.271%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	+0.160%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5207	+0.057%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERPshort	+0.0104%	1h	1.5217	+0.124%	$58K	$25K	3x
01 Exchange XRPUSD	+0.0112%	1h	1.5215	+0.111%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5226	+0.184%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5222	+0.157%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5220	+0.144%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0201%	1h	1.5228	+0.196%	$289.5M	$264.6M	20x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5227	+0.190%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	+0.197%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5220	+0.144%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5216	+0.121%	$533K	$801K	10x	as long as short
Aftermath Perps XRPUSD	+0.0616%	1h	1.5192	−0.039%	$2K	$16K	10x	as long as short