Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against Arcus−0.033%7-day average −0.048% · you buy dearer than you sell

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

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.033%, 7d avg −0.048%

Together, before fees−0.167%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5325	0.0100	pay 0.0013% / 1h	50m 24s	$116K	$709K	20x
Short	Ondo Perps XRP-USD.P	1.5320	0.0100	get 0.0013% / 1h	50m 24s	$572K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.048%: $1.52
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.98
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 23 min ago; Ondo 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 Arcus live order book, 23 min ago	1.30 bp	5.3 bp −$5	11.6 bp −$116	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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	1.5317	−0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5316	−0.060%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.085%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0086%	1h	1.5310	−0.099%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.533%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5306	−0.124%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5310	−0.098%	$9.3M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5324	−0.008%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5324	−0.007%	$512K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5328	+0.020%	$8K	$8K	10x	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	1.5327	+0.013%	$11K	$276K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5317	−0.051%	$478K	$54K	50x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5319	−0.041%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	−0.017%	$633K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5314	−0.074%	$538.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5308	−0.111%	$339.1M	$929.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5305	−0.131%	$125.0M	$879.8M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5320	−0.033%	$572K	$48K	5x
Arcus XRP-USDlong	+0.0100%	1h	1.5325	long leg	$116K	$709K	20x
Bulk XRP-USD	+0.0100%	1h	1.5337	+0.078%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5312	−0.085%	$373.5M	$148.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5313	−0.078%	$296.8M	$894.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5318	−0.043%	$108.7M	$167.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5306	−0.124%	$268.3M	$376.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5314	−0.072%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	+0.027%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.435%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.405%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5397	+0.470%	$1.0M	$906K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	−0.010%	$1.0M	$5.6M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5323	−0.015%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5322	−0.020%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	−0.078%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5306	−0.122%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5317	−0.051%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5311	−0.091%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5302	−0.151%	$50.2M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5332	+0.046%	$54.5M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5301	−0.155%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5305	−0.129%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5311	−0.089%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5330	+0.033%	$23.9M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5317	−0.052%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5308	−0.110%	$14.5M	$70.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5330	+0.033%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5393	+0.442%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5346	+0.137%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0440%	1h	1.5327	+0.013%	$290.7M	$215.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.489%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0797%	1h	1.5357	+0.206%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5328	+0.021%	$506K	$755K	10x	as long as short