Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bullet against SoDEX−0.004%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Bullet

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5355	0.0100	pay 0.0013% / 1h	4m 36s	$30K	$1.4M	10x
Short	Bullet XRP-USD	1.5354	0.0100	get 0.0013% / 1h	4m 36s	$41K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against SoDEX. 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 SoDEXbpFee BulletbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.37
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$16.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 2 min ago; Bullet: 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 SoDEX live order book, 2 min ago	0.32 bp	4.3 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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 exchanges

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	1.5360	+0.033%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5358	+0.022%	$13.7M	$67.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5360	+0.030%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5364	+0.059%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5380	+0.163%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5359	+0.026%	$7.7M	$19.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	−0.004%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.335%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5360	+0.033%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5361	+0.041%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5362	+0.046%	$571K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5354	−0.007%	$5.5M	$40.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5363	+0.049%	$479K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5358	+0.020%	$12K	$451K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5358	+0.018%	$843K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5366	+0.072%	$298.6M	$261.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5356	+0.004%	$38.9M	$79.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5359	+0.026%	$591K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5357	+0.013%	$538.8M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5357	+0.013%	$363.2M	$842.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5354	−0.007%	$124.7M	$820.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5353	−0.013%	$566K	$43K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5363	+0.052%	$157K	$634K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5356	+0.006%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5359	+0.026%	$373.6M	$161.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5351	−0.026%	$313.2M	$899.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5360	+0.034%	$105.8M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5357	+0.013%	$270.9M	$343.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5350	−0.033%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5371	+0.105%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5430	+0.486%	$670K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5373	+0.117%	$1.1M	$32.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5375	+0.130%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.043%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5356	+0.007%	$51K	$468K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5354	−0.004%	$41K	$65K	20x
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5354	−0.007%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5356	+0.005%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5358	+0.017%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5355	long leg	$30K	$1.4M	10x
HTX XRP-USDT	+0.0100%	8h	1.5353	−0.012%	$50.0M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	+0.039%	$55.0M	$33.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5352	−0.021%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5352	−0.022%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5374	+0.121%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0172%	1h	1.5368	+0.085%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5364	+0.059%	$24.0M	$78.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5352	−0.018%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0285% / S −0.0235%	1h	1.5355	−0.003%	$1.2M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5363	+0.055%	$508K	$684K	10x	as long as short
Aftermath Perps XRPUSD	+0.0429%	1h	1.5399	+0.286%	$3K	$13K	10x	as long as short