Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: edgeX against Arcus−0.219%54s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.145%−$15 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.219%, 7d avg +0.005%

Together, before fees+0.203%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.224% cheaper against Arcus than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 54 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	Arcus XRP-USD	1.5226	0.0100	pay 0.0013% / 1h	47m 57s	$118K	$707K	20x
Short	edgeX XRPUSDC	1.5193	0.0100	get 0.0050% / 4h	3h 47m	$660K	$109.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now −0.219%Rate

Funding earned: $0
Price spread: −0.219% → +0.005%: −$22.39
Slippage, 4 orders: −$8.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$44.3
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Arcus: live order book, 6 min ago; edgeX: 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 Arcus live order book, 6 min ago	0.33 bp	6.2 bp −$6	7.2 bp −$72	26.5 bp −$2,655	doesn't fit
Sell edgeX live order book, 1 min ago	1.32 bp	5.8 bp −$6	5.9 bp −$59	8.7 bp −$871	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	1.5228	+0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5230	+0.025%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5209	−0.110%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5211	−0.101%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.194%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0015%	1h	1.5207	−0.122%	$781K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5216	−0.066%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	−0.053%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5220	−0.039%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5216	−0.066%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0098%	8h	1.5215	−0.072%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5220	−0.036%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5214	−0.076%	$38.5M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5227	+0.009%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5224	−0.013%	$535.3M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5224	−0.013%	$347.7M	$941.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5225	−0.007%	$127.5M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5232	+0.039%	$566K	$29K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5226	long leg	$118K	$707K	20x
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.296%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5219	−0.046%	$371.9M	$153.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5219	−0.046%	$294.2M	$898.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5220	−0.039%	$108.9M	$176.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5221	−0.033%	$269.5M	$388.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5218	−0.053%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5243	+0.111%	$4.8M	$38.2M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5193	−0.219%	$660K	$109.1M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.035%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.131%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5223	−0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5229	+0.020%	$44K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5212	−0.092%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5219	−0.049%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5242	+0.106%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5214	−0.079%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5231	+0.034%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5216	−0.066%	$54.3M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5232	+0.042%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5217	−0.057%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5213	−0.088%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5223	−0.020%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5221	−0.033%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5222	−0.025%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5203	−0.151%	$24.2M	$75.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5226	−0.002%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0262%	8h	1.5228	+0.013%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0278%	1h	1.5235	+0.059%	$292.9M	$234.5M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5228	+0.013%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5226	−0.001%	$518K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	−0.039%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5209	−0.113%	$2K	$15K	10x	as long as short