Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Lighter RH against edgeX+0.012%110s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as 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−$150.150% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.012%, 7d avg +0.020%

Together, before fees+0.091%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5212	0.0100	pay 0.0050% / 4h	3h 43m	$661K	$109.6M	30x
Short	Lighter RH XRP	1.5214	0.0096	get 0.0012% / 1h	43m 44s	$499K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$0.84
Price spread: +0.012% → +0.020%: −$0.79
Slippage, 4 orders: −$6.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$16.68
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago	1.32 bp	5.8 bp −$6	6.5 bp −$65	34.5 bp −$3,454	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.31 bp	2.1 bp −$2	7.0 bp −$70	36.9 bp −$3,687	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5204	−0.054%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	−0.060%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	−0.072%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5206	−0.041%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.286%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5202	−0.069%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5209	−0.021%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5211	−0.011%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5214	+0.012%	$499K	$3.3M	20x
Katana Perps XRP-USD	+0.0098%	8h	1.5200	−0.080%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5202	−0.067%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5202	−0.064%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5208	−0.028%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5208	−0.028%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5206	−0.038%	$534.2M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5209	−0.021%	$346.8M	$941.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5208	−0.028%	$127.1M	$887.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.126%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	−0.021%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.205%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5209	−0.021%	$371.5M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5206	−0.041%	$293.4M	$899.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5209	−0.019%	$109.1M	$176.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5206	−0.041%	$269.3M	$388.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5203	−0.060%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.068%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5212	long leg	$661K	$109.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	−0.027%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5213	+0.005%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	−0.052%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	−0.054%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	−0.052%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5205	−0.049%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	−0.065%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5206	−0.041%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	−0.072%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5203	−0.060%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	−0.036%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	−0.065%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5202	−0.066%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5210	−0.014%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5212	−0.001%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5200	−0.079%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	−0.041%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5202	−0.067%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0288%	8h	1.5207	−0.034%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0295%	1h	1.5220	+0.051%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0314%	1h	1.5223	+0.071%	$292.9M	$234.7M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	−0.022%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.051%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0661%	1h	1.5212	−0.004%	$2K	$15K	10x	as long as short