Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Vest against Phemex+0.009%7-day average — · you sell dearer than you buy

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

Long on Phemex 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XRPUSDT	1.5335	0.0100	pay 0.0100% / 8h	14m 15s	$54.6M	$29.5M	50x
Short	Vest XRP-PERP	1.5336	0.0100	get 0.0013% / 1h	14m 15s	—	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phemex. 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 PhemexbpFee VestbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$13.11
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; 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 Phemex live order book, 5 min ago	1.30 bp	8.5 bp −$8	13.5 bp −$135	21.6 bp −$2,159	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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	1.5339	+0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	0.000%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5370	+0.228%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5336	+0.008%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0094%	1h	1.5336	+0.005%	$843K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5339	+0.026%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5336	+0.008%	$14.9M	$69.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0060%	8h	1.5338	+0.020%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.467%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5336	+0.008%	$3.0M	$13.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5338	+0.020%	$486K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5336	+0.010%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5337	+0.015%	$38.8M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5339	+0.026%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5334	−0.004%	$544.8M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5333	−0.013%	$341.6M	$925.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5333	−0.013%	$125.2M	$879.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5350	+0.098%	$571K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5337	+0.013%	$116K	$756K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.245%	$1.7M	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5332	−0.020%	$360.8M	$148.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5333	−0.013%	$297.0M	$891.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5334	−0.005%	$109.7M	$165.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5333	−0.013%	$267.6M	$376.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5334	−0.007%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5350	+0.100%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5344	+0.057%	$666K	$105.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5353	+0.117%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5336	+0.007%	$1.0M	$901K	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5336	+0.009%	—	$10K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5335	0.000%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5339	+0.029%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5339	+0.024%	$826K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5345	+0.065%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5337	+0.013%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5328	−0.047%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDTlong	+0.0100%	8h	1.5335	long leg	$54.6M	$29.5M	50x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5341	+0.037%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5334	−0.007%	$10K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5334	−0.009%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	−0.019%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5338	+0.020%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5331	−0.027%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5345	+0.065%	$24.2M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5342	+0.046%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5341	+0.039%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5353	+0.119%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5348	+0.085%	$2.0M	$34.5M	2.9x	as long as short
Hyperliquid XRP	+0.0579%	1h	1.5351	+0.104%	$291.6M	$214.9M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5338	+0.018%	$499K	$705K	10x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5358	+0.152%	$1K	$11K	10x	as long as short