Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended−0.139%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.139%, 7d avg +0.048%

Together, before fees+0.125%+ Points / potential airdropExtended: Active · farm board+$12 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 0.186% cheaper against Extended than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5092	0.0104	pay 0.0013% / 1h	39m 50s	$2.0M	$7.1M	50x
Short	SunX XRP-USDT	1.5071	0.0100	get 0.0100% / 8h	6h 39m	$126K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$0.84
Price spread: −0.139% → +0.048%: −$18.63
Slippage, 4 orders: −$43.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$75.63
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: live order book, 6 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 Extended live order book, 4 min ago	0.33 bp	4.3 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell SunX live order book, 6 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	1.5060	−0.212%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5052	−0.266%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.120%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5062	−0.201%	$251K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0064%	1h	1.5056	−0.238%	$825K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.101%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5095	+0.018%	$14.5M	$72.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0069%	8h	1.5079	−0.086%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5097	+0.030%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5097	+0.033%	$516K	$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	1.5060	−0.212%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5048	−0.288%	$794K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5091	−0.007%	$38.4M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5060	−0.209%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5098	+0.040%	$534.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5096	+0.027%	$336.5M	$942.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5098	+0.040%	$123.7M	$870.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5121	+0.192%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5067	−0.165%	$115K	$725K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.602%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5094	+0.014%	$366.3M	$150.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5095	+0.020%	$285.3M	$903.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5093	+0.005%	$106.8M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5097	+0.033%	$264.7M	$386.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5096	+0.027%	—	$127.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.041%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.401%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.383%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.471%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5068	−0.158%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5059	−0.218%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5061	−0.206%	$40K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5085	−0.043%	$812K	$74K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5071	−0.139%	$126K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5090	−0.013%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5096	+0.029%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5096	+0.027%	$53.6M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5051	−0.270%	$469K	$55K	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5092	long leg	$2.0M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5083	−0.061%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5062	−0.198%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5099	+0.049%	$279.2M	$224.4M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5059	−0.221%	$1.3M	$7K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0214%	1h	1.5094	+0.014%	$7.6M	$25.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5100	+0.053%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.670%	$24.0M	$75.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5098	+0.040%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5099	+0.044%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5069	−0.152%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5064	−0.187%	$533K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0822%	1h	1.5132	+0.264%	$2K	$14K	10x	as long as short