Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.013%

Price spread now: Bybit against 01 Exchange−0.052%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

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—needs both histories

Funding pays, the price is against you. Bybit is 0.052% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 14 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5342	0.0088	pay 0.0011% / 1h	27m 03s	$8K	$8K	10x
Short	Bybit XRPUSDT	1.5334	0.0100	get 0.0100% / 8h	7h 27m	$342.0M	$919.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $2.52
Price spread: −0.052% → 0.000%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.69
Costs to cover: 0.180%
Break-even: 64.5 days

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 2 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.33 bp	6.6 bp −$7	7.8 bp −$78	13.3 bp −$1,330	26.1 bp −$13.1K

01 Exchange: 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	1.5340	−0.013%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	−0.058%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5334	−0.052%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5333	−0.058%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.421%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5339	−0.020%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5340	−0.013%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSDlong	+0.0088%	1h	1.5342	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5340	−0.015%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5340	−0.013%	$514K	$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-USD	+0.0100%	8h	1.5342	0.000%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5332	−0.064%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	−0.010%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5340	−0.014%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5337	−0.033%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5330	−0.077%	$540.7M	$2.05B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5334	−0.052%	$342.0M	$919.7M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5335	−0.046%	$124.9M	$867.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.020%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5339	−0.020%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.050%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	−0.052%	$374.2M	$149.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5337	−0.033%	$311.3M	$904.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5333	−0.056%	$108.8M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5333	−0.059%	$268.3M	$374.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5333	−0.059%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.090%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5322	−0.131%	$665K	$107.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.052%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5331	−0.072%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5347	+0.033%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5340	−0.013%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5341	−0.007%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5349	+0.045%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5338	−0.026%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5346	+0.026%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5338	−0.026%	$54.6M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5338	−0.028%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5336	−0.038%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	−0.026%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5340	−0.011%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5341	−0.007%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5344	+0.013%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5338	−0.027%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5344	+0.013%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5343	+0.007%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5337	−0.031%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0395%	1h	1.5347	+0.033%	$289.9M	$214.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	−0.013%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5335	−0.045%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5345	+0.018%	$507K	$754K	10x	as long as short