Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.6% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against Katana Perps+0.066%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and 01 Exchange is 0.066% dearer against Katana Perps than usual: you sell high and buy low: +$7 more if the spread 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	1.5173	0.0098	pay 0.0098% / 8h	3h 39m	$12K	$343K	20x
Short	01 Exchange XRPUSD	1.5183	0.0168	get 0.0021% / 1h	39m 50s	$8K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.066%Rate

Funding earned: $14.67
Price spread: +0.066% → 0.000%: $6.59
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $10.46
Costs to cover: 0.108%
Break-even: 2.0 days

Slippage unknown: Katana Perps: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Katana Perps and 01 Exchange: 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	1.5178	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.029%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	+0.019%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5179	+0.040%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5174	+0.009%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.551%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0013%	1h	1.5176	+0.019%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	+0.034%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5180	+0.046%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USDlong	+0.0098%	8h	1.5173	long leg	$12K	$343K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5176	+0.020%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	+0.025%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5178	+0.032%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5179	+0.040%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5174	+0.007%	$533.1M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5180	+0.046%	$345.9M	$942.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5177	+0.026%	$127.1M	$887.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.145%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.053%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.198%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5175	+0.013%	$370.4M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5180	+0.046%	$293.1M	$900.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5183	+0.063%	$108.9M	$177.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	+0.013%	$268.8M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5171	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5173	−0.001%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5203	+0.197%	$661K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.184%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.237%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.043%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.072%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.034%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.047%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5182	+0.062%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	+0.013%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	+0.042%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5176	+0.020%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5177	+0.027%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5178	+0.034%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5175	+0.016%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDshort	+0.0168%	1h	1.5183	+0.066%	$8K	$8K	10x
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5182	+0.059%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5181	+0.050%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.020%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5170	−0.019%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.086%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5185	+0.079%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0320%	1h	1.5189	+0.105%	$292.0M	$235.3M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5183	+0.068%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5170	−0.020%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5190	+0.111%	$2K	$15K	10x	as long as short