Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: Vest against Katana Perps+0.030%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: 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: Vest is 0.030% dearer against Katana Perps than usual: you sell high and buy low, +$3 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	Katana Perps XRP-USD	1.5142	0.0099	pay 0.0099% / 8h	3h 05m	$10K	$355K	20x
Short	Vest XRP-PERP	1.5147	0.0100	get 0.0013% / 1h	5m 01s	—	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Katana Perps. 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 Katana PerpsbpFee VestbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0.31
Price spread: +0.030% → 0.000%: $3.01
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$2.48
Costs to cover: 0.058%
Break-even: 63.2 days

Slippage unknown: Katana Perps: no order-book sample; Vest: 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Katana Perps and Vest: 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	1.5147	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5147	+0.035%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5152	+0.066%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5149	+0.043%	$259K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5150	+0.052%	$14.3M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.761%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5148	+0.041%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.082%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5156	+0.092%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USDlong	+0.0099%	8h	1.5142	long leg	$10K	$355K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5145	+0.017%	$978K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.033%	$39.0M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	+0.066%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5146	+0.027%	$533.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	+0.033%	$343.8M	$947.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5148	+0.040%	$125.3M	$887.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.053%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5153	+0.073%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.024%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5149	+0.046%	$373.6M	$158.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5147	+0.033%	$294.3M	$910.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	+0.036%	$109.2M	$178.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5147	+0.033%	$268.9M	$391.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5149	+0.046%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.032%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.189%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.053%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	−0.026%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5147	+0.030%	—	$11K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5150	+0.053%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5147	+0.033%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5145	+0.020%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5145	+0.021%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5150	+0.050%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.040%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5152	+0.067%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5152	+0.066%	$53.9M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5157	+0.098%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	+0.011%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	+0.020%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5149	+0.046%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0179%	8h	1.5156	+0.092%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	+0.073%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5143	+0.004%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	+0.079%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5162	+0.132%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5149	+0.045%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5152	+0.067%	$517K	$777K	10x	as long as short
Hyperliquid XRP	+0.0372%	1h	1.5165	+0.152%	$290.9M	$255.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.053%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0635%	1h	1.5149	+0.045%	$2K	$15K	10x	as long as short