Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Katana Perps against Vest−0.610%52s7-day average — · you buy dearer than you sell

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

Long on Vest Short on Katana Perps

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.610% cheaper against Vest than usual: you would sell low and buy high, −$61 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Vest XRP-PERP	1.5191	0.0100	pay 0.0013% / 1h	56m 36s	—	$10K	10x
Short	Katana Perps XRP-USD	1.5098	0.0100	get 0.0100% / 8h	6h 56m	$11K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Vest. 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 VestbpFee Katana PerpsbpOrdersPrice spread, now −0.610%Rate

Funding earned: −$0.04
Price spread: −0.610% → 0.000%: −$60.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$66.84
Costs to cover: 0.058%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Katana Perps: 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 Vest no order-book sample	—	—	—	—	—
Sell Katana Perps no order-book sample	—	—	—	—	—

Vest and Katana Perps: 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	1.5182	−0.057%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	−0.396%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	−0.103%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5174	−0.106%	$833K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.431%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5176	−0.097%	$14.2M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5182	−0.057%	$57K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5182	−0.057%	$9.1M	$24.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5144	−0.308%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5147	−0.287%	$505K	$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
Katana Perps XRP-USDshort	+0.0100%	8h	1.5098	−0.610%	$11K	$288K	20x
Nado XRP-PERP	+0.0100%	1h	1.5187	−0.021%	$911K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5145	−0.301%	$38.3M	$83.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	−0.401%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	−0.406%	$533.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5100	−0.597%	$337.0M	$929.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5088	−0.676%	$122.3M	$861.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	−0.096%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5099	−0.603%	$114K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.081%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5095	−0.630%	$364.7M	$147.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5103	−0.577%	$292.5M	$888.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5124	−0.439%	$110.0M	$169.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5096	−0.623%	$263.8M	$380.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5093	−0.643%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.166%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5219	+0.189%	$661K	$106.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.114%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5235	+0.292%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5191	long leg	—	$10K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5196	+0.035%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	−0.064%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5182	−0.057%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5184	−0.046%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5178	−0.083%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	−0.079%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5179	−0.077%	$53.9M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	−0.407%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5094	−0.637%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5179	−0.077%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5105	−0.564%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0119%	1h	1.5149	−0.274%	$281.4M	$221.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5181	−0.066%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5185	−0.037%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5162	−0.189%	$24.0M	$73.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5221	+0.200%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5200	+0.062%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5101	−0.591%	$535K	$778K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0485%	1h	1.5170	−0.136%	$1.9M	$1.3M	25x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.325%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0834%	1h	1.5246	+0.367%	$2K	$13K	10x	as long as short