Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: Arcus against BloFin+0.122%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now +0.122%, 7d avg −0.012%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.134% dearer against BloFin than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.012%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5619	0.0220	pay 0.0220% / 8h	1h 46m	$24.6M	$71.9M	125x
Short	Arcus XRP-USD	1.5638	0.0100	get 0.0013% / 1h	46m 04s	$121K	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$25.2
Price spread: +0.122% → −0.012%: $13.41
Slippage, 4 orders: −$7.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$35.33
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Arcus: live order book, 38 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 BloFin live order book, 3 min ago	0.32 bp	6.9 bp −$7	7.0 bp −$70	12.5 bp −$1,250	22.1 bp −$11.0K
Sell Arcus live order book, 38 min ago	1.30 bp	5.0 bp −$5	16.5 bp −$165	43.7 bp −$4,367	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	1.5636	+0.109%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5630	+0.069%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5637	+0.118%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5655	+0.230%	$9.6M	$24.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.106%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5645	+0.164%	$15.7M	$67.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5652	+0.211%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0080% / S +0.0144%	1h	1.5639	+0.125%	$925K	—	200x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5608	−0.073%	$19K	$73K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5649	+0.190%	$3.0M	$11.7M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5650	+0.198%	$460K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5627	+0.054%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5651	+0.205%	$39.9M	$75.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5631	+0.078%	$675K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5648	+0.187%	$567.8M	$1.92B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5653	+0.218%	$355.5M	$869.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5652	+0.211%	$129.0M	$869.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5607	−0.077%	$581K	$41K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5638	+0.122%	$121K	$724K	20x
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.589%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5645	+0.166%	$372.8M	$135.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5647	+0.179%	$291.1M	$824.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5650	+0.197%	$113.2M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5645	+0.166%	$271.5M	$352.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5647	+0.179%	—	$115.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.607%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.506%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.310%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5583	−0.230%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5629	+0.063%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5637	+0.115%	$53K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5639	+0.127%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5654	+0.224%	$843K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5652	+0.209%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5648	+0.186%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5636	+0.111%	$51.4M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5645	+0.166%	$55.7M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5635	+0.104%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5628	+0.058%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5651	+0.204%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5652	+0.210%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5635	+0.102%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5634	+0.093%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5656	+0.237%	$5.8M	$46.4M	50x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5619	long leg	$24.6M	$71.9M	125x
Kalshi KXXRPPERP	+0.0337%	8h	1.5643	+0.154%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0360%	1h	1.5656	+0.237%	$1.8M	$976K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.186%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5638	+0.120%	$410K	$533K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5598	−0.136%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0642%	1h	1.5663	+0.282%	$289.9M	$196.6M	20x	as long as short