Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: SunX against edgeX−0.611%74s7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$600.600% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 3 days (all we have)+0.634%+$63 · spread now −0.611%, 7d avg +0.040%

Together, before fees+0.816%+ Points / potential airdropedgeX: Active · farm board+$82 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: SunX is 0.652% cheaper against edgeX than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 74 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	1.5152	0.0100	pay 0.0050% / 4h	2h 38m	$658K	$108.0M	30x
Short	SunX XRP-USDT	1.5060	0.0100	get 0.0100% / 8h	6h 38m	$126K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.611%Rate

Funding earned: $0
Price spread: −0.611% → +0.040%: −$65.16
Slippage, 4 orders: −$42.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.15
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; SunX: live order book, 7 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, 1 min ago	1.00 bp	5.5 bp −$5	5.7 bp −$57	8.6 bp −$863	doesn't fit
Sell SunX live order book, 7 min ago	17.59 bp	27.4 bp −$27	34.7 bp −$347	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5082	−0.465%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5080	−0.481%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	−0.280%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5057	−0.630%	$251K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0063%	1h	1.5057	−0.629%	$826K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.690%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5051	−0.669%	$14.5M	$72.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5058	−0.623%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5055	−0.644%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5058	−0.623%	$514K	$3.3M	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	1.5068	−0.557%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	−0.468%	$792K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5077	−0.497%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5085	−0.448%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5056	−0.635%	$534.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5062	−0.597%	$338.4M	$944.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5064	−0.584%	$123.1M	$869.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5090	−0.412%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5083	−0.458%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.201%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5069	−0.551%	$365.6M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5077	−0.498%	$286.5M	$904.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5077	−0.495%	$106.4M	$172.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5053	−0.656%	$264.2M	$386.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5063	−0.590%	—	$127.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	−0.358%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5152	long leg	$658K	$108.0M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5080	−0.477%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.070%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5084	−0.451%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5080	−0.478%	$45K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5067	−0.564%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5061	−0.602%	$810K	$79K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5060	−0.611%	$126K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5056	−0.636%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5058	−0.621%	$49.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5058	−0.623%	$53.5M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5083	−0.458%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5052	−0.663%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5057	−0.627%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5074	−0.518%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0149%	1h	1.5057	−0.630%	$7.6M	$25.4M	50x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5090	−0.412%	$278.9M	$220.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5078	−0.494%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5059	−0.617%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.268%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5089	−0.421%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5097	−0.366%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5078	−0.491%	$2.1M	$36.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5078	−0.490%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0812%	1h	1.5117	−0.237%	$2K	$14K	10x	as long as short