Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni−0.034%48s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.034% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Variational Omni XRP	1.5501	0.0100	pay 0.0100% / 8h	1h 06m	$11.8M	$30.2M	—
Short	Aevo XRP-PERP	1.5496	0.0104	get 0.0013% / 1h	6m 36s	$72K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.84
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$18.57
Costs to cover: 0.160%
Break-even: 161.8 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aevo: 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 Variational Omni RFQ quote, 3 min ago	2.03 bp	doesn't fit	4.8 bp −$48	21.6 bp −$2,160	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	1.5513	+0.075%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L 0.0000% / S +0.0113%	1h	1.5494	−0.051%	$849K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5506	+0.033%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5504	+0.017%	$9.5M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5495	−0.042%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.378%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5505	+0.024%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5496	−0.035%	$76K	$909K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5516	+0.093%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5518	+0.107%	$443K	$3.2M	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	1.5520	+0.118%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5516	+0.095%	$39.4M	$79.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5518	+0.105%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5522	+0.136%	$558.5M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5523	+0.139%	$346.5M	$903.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5522	+0.133%	$127.8M	$882.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5467	−0.222%	$576K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5522	+0.133%	$119K	$746K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	0.000%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5519	+0.113%	$363.7M	$143.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5518	+0.107%	$298.7M	$868.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5518	+0.104%	$113.4M	$160.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5523	+0.139%	$271.0M	$366.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5522	+0.133%	—	$119.6M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5501	long leg	$11.8M	$30.2M	—
edgeX XRPUSDC	+0.0100%	4h	1.5508	+0.043%	$673K	$101.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5513	+0.075%	$1.1M	$41.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5507	+0.036%	$1.0M	$884K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5526	+0.159%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5496	−0.038%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5498	−0.023%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5503	+0.013%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5501	−0.003%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5488	−0.089%	$50.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5502	+0.004%	$55.1M	$29.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5514	+0.079%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5517	+0.099%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5519	+0.113%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5519	+0.111%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERPshort	+0.0104%	1h	1.5496	−0.034%	$72K	$40K	3x
01 Exchange XRPUSD	+0.0176%	1h	1.5527	+0.165%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5521	+0.124%	$1.4M	$8K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5507	+0.036%	$6.0M	$47.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5499	−0.016%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5494	−0.046%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5515	+0.088%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5485	−0.106%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5500	−0.009%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5534	+0.212%	$509K	$631K	10x	as long as short
Hyperliquid XRP	+0.0582%	1h	1.5539	+0.243%	$290.5M	$204.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0774%	1h	1.5510	+0.059%	$1K	$11K	10x	as long as short