Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.020%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.020%, 7d avg 0.000%

Together, before fees+0.017%+$2 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: Bybit is 0.020% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5136	0.0100	pay 0.0100% / 8h	35m 24s	$127.4M	$866.8M	100x
Short	Bybit XRPUSDT	1.5133	0.0100	get 0.0100% / 8h	35m 24s	$348.7M	$955.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: −$2.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.91
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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 OKX live order book, 4 min ago	0.33 bp	5.9 bp −$6	8.0 bp −$80	15.9 bp −$1,585	34.8 bp −$17.4K
Sell Bybit live order book, 4 min ago	0.33 bp	5.8 bp −$6	6.8 bp −$68	12.7 bp −$1,266	26.5 bp −$13.2K

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	1.5139	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5139	+0.020%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5137	+0.006%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5147	+0.073%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.801%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5146	+0.066%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5147	+0.076%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5149	+0.086%	$603K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5140	+0.026%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5134	−0.013%	$20K	$380K	20x	as long as short

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	+0.056%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5140	+0.026%	$38.3M	$86.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5150	+0.092%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5133	−0.018%	$529.5M	$2.22B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5133	−0.020%	$348.7M	$955.7M	100x
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5136	long leg	$127.4M	$866.8M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5179	+0.284%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	+0.046%	$143K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.357%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5140	+0.026%	$377.1M	$161.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5138	+0.013%	$308.4M	$923.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5138	+0.015%	$106.0M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5136	0.000%	$267.5M	$390.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5134	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5150	+0.089%	$4.9M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5179	+0.284%	$659K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	+0.489%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	+0.297%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5148	+0.080%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	+0.026%	$51K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5137	+0.007%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5138	+0.013%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5160	+0.161%	$816K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5138	+0.011%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5142	+0.040%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5144	+0.050%	$49.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.066%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.104%	$472K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0102% / S −0.0062%	1h	1.5137	+0.008%	$781K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5135	−0.004%	$2.1M	$6.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5169	+0.217%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	+0.007%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0123%	1h	1.5148	+0.079%	$288.8M	$267.8M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0147%	1h	1.5165	+0.192%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5147	+0.073%	$5.6M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0192%	8h	1.5178	+0.277%	$1.8M	$34.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5136	−0.002%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5143	+0.046%	$23.6M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5141	+0.031%	$520K	$806K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5230	+0.621%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5198	+0.410%	$2K	$16K	10x	as long as short