Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against SunX−0.020%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.020%, 7d avg −0.012%

Together, before fees+0.055%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5178	0.0100	pay 0.0100% / 8h	3h 17m	$127K	$1.8M	30x
Short	Lighter RH XRP	1.5175	0.0096	get 0.0012% / 1h	17m 02s	$496K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → −0.012%: −$0.83
Slippage, 4 orders: −$43.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$53.29
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Lighter RH: live order book, 1 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 SunX live order book, 9 min ago	16.30 bp	20.3 bp −$20	23.0 bp −$230	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.32 bp	2.1 bp −$2	5.8 bp −$58	42.5 bp −$4,251	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5167	−0.073%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5179	+0.005%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5171	−0.047%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5178	−0.001%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5177	−0.009%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.516%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5171	−0.049%	$796K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	0.000%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5175	−0.020%	$496K	$3.3M	20x
Katana Perps XRP-USD	+0.0098%	8h	1.5159	−0.126%	$9K	$351K	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	1.5176	−0.011%	$977K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	−0.139%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5176	−0.012%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5158	−0.131%	$535.2M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5156	−0.146%	$344.9M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5158	−0.132%	$126.0M	$884.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	−0.099%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5169	−0.060%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.090%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5162	−0.106%	$372.2M	$156.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5160	−0.119%	$296.1M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5169	−0.058%	$109.4M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5161	−0.113%	$269.1M	$390.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5163	−0.099%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.058%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.015%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	−0.054%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	−0.099%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5169	−0.062%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5175	−0.020%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5171	−0.047%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5172	−0.040%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5173	−0.031%	$816K	$72K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5178	long leg	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5175	−0.020%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5174	−0.030%	$49.6M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	−0.073%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5175	−0.018%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5169	−0.058%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5171	−0.045%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5168	−0.067%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5181	+0.019%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5168	−0.065%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	−0.099%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0250%	8h	1.5182	+0.026%	$1.9M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5170	−0.053%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5167	−0.076%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5168	−0.065%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0408%	1h	1.5177	−0.007%	$298.3M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.078%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0648%	1h	1.5178	+0.001%	$2K	$15K	10x	as long as short