Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.042%

Price spread now: edgeX against 01 Exchange+0.105%57s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.105% dearer against 01 Exchange than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	01 Exchange XRPUSD	1.5168	0.0072	pay 0.0009% / 1h	25m 50s	$8K	$8K	10x
Short	edgeX XRPUSDC	1.5184	0.0100	get 0.0050% / 4h	1h 25m	$659K	$107.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $5.88
Price spread: +0.105% → 0.000%: $10.45
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $0.33
Costs to cover: 0.160%
Break-even: 6.6 days

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.8 bp −$884	doesn't fit

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	1.5153	−0.099%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	−0.067%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5161	−0.046%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5168	0.000%	$7.7M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.584%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5160	−0.051%	$819K	—	200x	as long as short
01 Exchange XRPUSDlong	+0.0072%	1h	1.5168	long leg	$8K	$8K	10x
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5165	−0.020%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5167	−0.006%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5171	+0.020%	$512K	$3.3M	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	1.5158	−0.066%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5160	−0.049%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5187	+0.125%	$281.5M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5169	+0.006%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	−0.044%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5176	+0.053%	$538.0M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5176	+0.053%	$344.4M	$926.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5179	+0.073%	$125.9M	$867.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.020%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	−0.020%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.078%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5176	+0.053%	$369.8M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5172	+0.026%	$293.8M	$899.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5175	+0.047%	$108.8M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5177	+0.059%	$268.7M	$380.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5165	−0.020%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5159	−0.057%	$5.8M	$36.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5184	+0.105%	$659K	$107.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	+0.044%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.264%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	−0.030%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	−0.007%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	−0.040%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	0.000%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5164	−0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	−0.069%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	−0.013%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	−0.051%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5167	−0.003%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	−0.036%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5177	+0.059%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5164	−0.028%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5168	0.000%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	−0.092%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5149	−0.127%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5168	+0.002%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0351%	8h	1.5165	−0.020%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	+0.029%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.145%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0684%	1h	1.5173	+0.036%	$2K	$14K	10x	as long as short