Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.119%

Price spread now: Bybit against RISEx−0.015%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.335%−$34 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.015%, 7d avg −0.053%

Together, before fees−0.405%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.039% dearer against RISEx than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.053%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5148	0.0305	pay 0.0038% / 1h	11m 05s	$520K	$787K	10x
Short	Bybit XRPUSDT	1.5146	0.0100	get 0.0100% / 8h	2h 11m	$344.0M	$966.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$43.08
Price spread: −0.015% → −0.053%: $3.87
Slippage, 4 orders: −$5
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from RISEx: live order book, 38 min ago; Bybit: live order book, 3 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 RISEx live order book, 38 min ago	1.82 bp	4.8 bp −$5	8.9 bp −$89	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	6.2 bp −$6	6.8 bp −$68	12.5 bp −$1,254	27.8 bp −$13.9K

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	1.5099	−0.325%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5149	+0.008%	$14.2M	$74.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5133	−0.100%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.384%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	−0.036%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.718%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0017%	1h	1.5141	−0.051%	$799K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5152	+0.025%	$7.8M	$25.4M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5145	−0.021%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5148	0.000%	$2.8M	$15.1M	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	1.5150	+0.012%	$547K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5136	−0.081%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5138	−0.064%	$983K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5146	−0.013%	$38.4M	$87.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5143	−0.035%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	−0.009%	$527.1M	$2.21B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5146	−0.015%	$344.0M	$966.4M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5145	−0.021%	$126.5M	$887.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5137	−0.074%	$563K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5148	−0.001%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.108%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5145	−0.021%	$372.2M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5145	−0.021%	$297.2M	$926.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	−0.010%	$106.9M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5143	−0.034%	$266.0M	$398.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5144	−0.028%	—	$105.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.503%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5116	−0.209%	$656K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.397%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5129	−0.127%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5146	−0.013%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5151	+0.018%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5142	−0.041%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5143	−0.034%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	−0.011%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	+0.041%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.001%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	+0.007%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	−0.048%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.025%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	−0.032%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.023%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0135%	1h	1.5161	+0.084%	$289.6M	$262.7M	20x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5130	−0.120%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5151	+0.018%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5155	+0.045%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5148	−0.001%	$1.7M	$35.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5145	−0.020%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	−0.021%	$23.2M	$77.4M	125x	as long as short
RISEx XRP/USDClong	+0.0305%	1h	1.5148	long leg	$520K	$787K	10x
Aftermath Perps XRPUSD	+0.0591%	1h	1.5103	−0.300%	$2K	$16K	10x	as long as short