Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Derive against Bitget+0.081%50s7-day average 0.000% · you sell dearer than you buy

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

Long on Bitget Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now +0.081%, 7d avg 0.000%

Together, before fees−0.148%−$15 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: Derive is 0.082% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 50 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	Bitget XRPUSDT	1.5551	0.0100	pay 0.0100% / 8h	1h 20m	$271.6M	$363.8M	125x
Short	Derive XRP-PERP	1.5564	0.0100	get 0.0013% / 1h	20m 30s	$838K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bitget. 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 BitgetbpFee DerivebpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → 0.000%: $8.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$9.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Derive: 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 Bitget live order book, 4 min ago	0.32 bp	6.5 bp −$7	11.5 bp −$115	16.0 bp −$1,597	27.7 bp −$13.9K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5577	+0.167%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5569	+0.114%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5563	+0.077%	$9.6M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5545	−0.039%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.058%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5565	+0.089%	$15.5M	$68.7M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0119%	1h	1.5544	−0.048%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5534	−0.109%	$78K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5573	+0.141%	$3.0M	$12.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5573	+0.141%	$441K	$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
Nado XRP-PERP	+0.0100%	1h	1.5554	+0.016%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5553	+0.013%	$39.4M	$78.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5573	+0.141%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5546	−0.032%	$559.2M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5537	−0.090%	$347.3M	$900.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5533	−0.116%	$127.5M	$880.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	+0.032%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5572	+0.135%	$119K	$742K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.101%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5544	−0.045%	$373.8M	$140.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5545	−0.039%	$295.2M	$856.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5553	+0.010%	$113.9M	$159.4M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5551	long leg	$271.6M	$363.8M	125x
BingX XRP-USDC	+0.0100%	8h	1.5552	+0.006%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5537	−0.093%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5544	−0.042%	$676K	$101.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	+0.129%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5557	+0.039%	$1.0M	$883K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5556	+0.035%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5557	+0.039%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5544	−0.044%	$42K	$66K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5564	+0.081%	$838K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5564	+0.081%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5561	+0.064%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5557	+0.037%	$51.1M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5564	+0.084%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5571	+0.125%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	+0.064%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5561	+0.067%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5559	+0.055%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5573	+0.141%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5566	+0.095%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5549	−0.015%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5573	+0.141%	$5.8M	$47.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5570	+0.122%	$24.5M	$74.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5572	+0.135%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5588	+0.238%	$1.9M	$33.0M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5560	+0.058%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5574	+0.148%	$510K	$630K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5569	+0.118%	$291.7M	$202.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0745%	1h	1.5559	+0.050%	$1K	$11K	10x	as long as short