Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Bybit against edgeX+0.098%91s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.232% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.098%, 7d avg +0.029%

Together, before fees+0.040%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% dearer against edgeX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 91 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	edgeX XRPUSDC	1.5162	0.0100	pay 0.0050% / 4h	3h 20m	$658K	$110.3M	30x
Short	Bybit XRPUSDT	1.5177	0.0100	get 0.0100% / 8h	3h 20m	$345.3M	$945.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.029%: $6.89
Slippage, 4 orders: −$3.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.27
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Bybit: 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 edgeX live order book, 4 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.8 bp −$875	doesn't fit
Sell Bybit live order book, 4 min ago	0.33 bp	6.3 bp −$6	7.5 bp −$75	12.9 bp −$1,287	24.5 bp −$12.2K

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	1.5188	+0.171%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5179	+0.110%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.144%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5186	+0.158%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5181	+0.124%	$14.5M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.624%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5184	+0.141%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	+0.106%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5182	+0.131%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5178	+0.105%	$9K	$350K	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	1.5185	+0.154%	$985K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5171	+0.059%	$38.7M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.126%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5171	+0.056%	$535.7M	$2.16B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5177	+0.098%	$345.3M	$945.1M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5179	+0.111%	$126.5M	$884.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	+0.164%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5190	+0.184%	$138K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.016%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5172	+0.065%	$372.8M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5174	+0.078%	$295.8M	$906.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5184	+0.144%	$109.4M	$177.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	+0.059%	$269.4M	$390.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5177	+0.098%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.163%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5162	long leg	$658K	$110.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	+0.023%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5170	+0.052%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5182	+0.129%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5186	+0.158%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5183	+0.138%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5185	+0.151%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5186	+0.156%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5184	+0.145%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.144%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.154%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.118%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	+0.178%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5179	+0.114%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5183	+0.137%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5190	+0.184%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5188	+0.171%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5182	+0.133%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5181	+0.125%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5184	+0.144%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5191	+0.188%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.158%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5187	+0.163%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0412%	1h	1.5185	+0.151%	$298.6M	$251.0M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.184%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5187	+0.161%	$2K	$15K	10x	as long as short