Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Katana Perps against Bybit−0.046%7-day average −0.036% · you buy dearer than you sell

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

Long on Bybit Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.046%, 7d avg −0.036%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5159	0.0100	pay 0.0100% / 8h	5h 28m	$344.3M	$926.8M	100x
Short	Katana Perps XRP-USD	1.5152	0.0100	get 0.0100% / 8h	5h 28m	$10K	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Bybit. 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 BybitbpFee Katana PerpsbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$0.04
Price spread: −0.046% → −0.036%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$15.81
Costs to cover: 0.148%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Katana 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 Bybit live order book, 1 min ago	0.33 bp	6.0 bp −$6	7.1 bp −$71	13.7 bp −$1,374	27.7 bp −$13.9K
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana 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	1.5169	+0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5167	+0.056%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5160	+0.006%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5161	+0.013%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.645%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5160	+0.004%	$818K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5160	+0.007%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5157	−0.013%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5160	+0.005%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5161	+0.013%	$512K	$3.3M	20x	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-USDshort	+0.0100%	8h	1.5152	−0.046%	$10K	$309K	20x
Nado XRP-PERP	+0.0100%	1h	1.5168	+0.057%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5162	+0.020%	$281.0M	$221.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5160	+0.006%	$38.4M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5171	+0.078%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5161	+0.013%	$537.5M	$2.10B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5159	long leg	$344.3M	$926.8M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	−0.020%	$125.8M	$867.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.079%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5168	+0.059%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.019%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5157	−0.013%	$369.1M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5156	−0.020%	$292.5M	$899.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5158	−0.003%	$108.2M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5154	−0.033%	$267.7M	$380.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5154	−0.033%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.260%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	+0.116%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5214	+0.361%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.323%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5168	+0.060%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	+0.020%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	+0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5158	−0.004%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5173	+0.096%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5159	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5155	−0.024%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5161	+0.013%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5167	+0.053%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.040%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	−0.023%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5162	+0.020%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5159	−0.003%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5166	+0.046%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5178	+0.125%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5184	+0.165%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5157	−0.012%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5178	+0.125%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5165	+0.039%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.204%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5171	+0.077%	$2K	$14K	10x	as long as short