Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: Ondo Perps against BloFin0.000%7-day average −0.056% · you sell dearer than you buy

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 4 days (all we have)+0.362%+$36 · spread now 0.000%, 7d avg −0.056%

Together, before fees+0.119%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.056% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.056%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5163	0.0220	pay 0.0220% / 8h	3h 16m	$24.2M	$75.7M	125x
Short	Ondo Perps XRP-USD.P	1.5163	0.0100	get 0.0013% / 1h	16m 17s	$564K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$25.2
Price spread: 0.000% → −0.056%: $5.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$36.55
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 8 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 BloFin live order book, 8 min ago	0.99 bp	7.0 bp −$7	8.6 bp −$86	14.1 bp −$1,409	24.9 bp −$12.5K
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	1.5167	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	−0.083%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5152	−0.073%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5158	−0.033%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5154	−0.057%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.618%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5152	−0.075%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5158	−0.034%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5161	−0.013%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5155	−0.053%	$9K	$351K	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	1.5156	−0.043%	$976K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5156	−0.046%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5158	−0.030%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5153	−0.065%	$535.1M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5153	−0.066%	$344.8M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5155	−0.053%	$125.9M	$884.1M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5163	0.000%	$564K	$27K	5x
Arcus XRP-USD	+0.0100%	1h	1.5164	+0.007%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.010%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5154	−0.059%	$372.2M	$156.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5160	−0.020%	$296.1M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5162	−0.009%	$109.3M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5154	−0.059%	$269.0M	$390.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5155	−0.053%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.157%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.115%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.045%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	0.000%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5157	−0.041%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5159	−0.026%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5153	−0.065%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5153	−0.066%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5153	−0.063%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5156	−0.046%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	+0.079%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5174	+0.070%	$49.6M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	+0.026%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5161	−0.010%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	−0.084%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5152	−0.073%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5163	0.000%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5181	+0.119%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5151	−0.078%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5163	long leg	$24.2M	$75.7M	125x
Kalshi KXXRPPERP	+0.0250%	8h	1.5182	+0.125%	$1.9M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5170	+0.046%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5174	+0.073%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5162	−0.009%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0407%	1h	1.5170	+0.046%	$298.1M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.178%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0643%	1h	1.5171	+0.052%	$2K	$15K	10x	as long as short