Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against OKX+0.134%47s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$600.596% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.134%, 7d avg +0.026%

Together, before fees−0.096%−$10 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 0.108% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 47 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	OKX XRP-USDT-SWAP	1.5037	0.0100	pay 0.0100% / 8h	4h 23m	$125.6M	$788.9M	100x
Short	SunX XRP-USDT	1.5057	0.0100	get 0.0100% / 8h	4h 23m	$126K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.026%: $10.79
Slippage, 4 orders: −$41.64
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$48.85
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	12.6 bp −$1,258	27.4 bp −$13.7K
Sell SunX live order book, 6 min ago	16.27 bp	25.4 bp −$25	36.5 bp −$365	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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5068	+0.205%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5034	−0.020%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5033	−0.030%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5062	+0.166%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5068	+0.204%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.298%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5058	+0.140%	$179K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5035	−0.016%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5041	+0.027%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5042	+0.033%	$12K	$243K	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	1.5075	+0.256%	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5038	+0.005%	$38.2M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5034	−0.019%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5036	−0.009%	$531.5M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5039	+0.013%	$338.9M	$781.4M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5037	long leg	$125.6M	$788.9M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5017	−0.133%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5051	+0.093%	$111K	$611K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.4992	−0.297%	$1.6M	$138K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5034	−0.020%	$350.1M	$126.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5036	−0.007%	$308.2M	$759.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5035	−0.016%	$111.2M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5039	+0.013%	$259.2M	$320.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5037	0.000%	—	$104.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.223%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5045	+0.051%	$654K	$88.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5081	+0.295%	$1.1M	$40.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5057	+0.133%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5044	+0.049%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5042	+0.033%	$50K	$421K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5064	+0.180%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5062	+0.163%	$811K	$67K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5057	+0.134%	$126K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5054	+0.113%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5047	+0.065%	$49.7M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5056	+0.126%	$54.1M	$27.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5034	−0.019%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5039	+0.010%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5053	+0.104%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5050	+0.086%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5072	+0.233%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5062	+0.166%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5061	+0.160%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5039	+0.014%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5083	+0.306%	$23.6M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5070	+0.220%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5057	+0.130%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0413%	1h	1.5053	+0.106%	$274.5M	$158.4M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5050	+0.089%	$409K	$477K	10x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5026	−0.073%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5040	+0.020%	$67K	$89K	15x	as long as short