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: SunX against Bybit+0.100%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.100%, 7d avg +0.026%

Together, before fees−0.057%−$6 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: SunX is 0.074% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5119	0.0100	pay 0.0100% / 8h	6h 16m	$340.4M	$940.7M	100x
Short	SunX XRP-USDT	1.5134	0.0100	get 0.0100% / 8h	6h 16m	$127K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.026%: $7.4
Slippage, 4 orders: −$40.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.53
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 9 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 Bybit live order book, 2 min ago	0.33 bp	5.8 bp −$6	6.5 bp −$65	12.6 bp −$1,256	24.5 bp −$12.3K
Sell SunX live order book, 9 min ago	14.03 bp	29.0 bp −$29	36.1 bp −$361	doesn't fit	doesn't fit

XRP on 50 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	1.5131	+0.079%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	+0.074%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.271%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	+0.026%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5123	+0.026%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.917%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5127	+0.054%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5127	+0.053%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5130	+0.073%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5126	+0.046%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5139	+0.132%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.040%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5120	+0.010%	$933K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5127	+0.056%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	+0.072%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5124	+0.031%	$536.7M	$2.11B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5119	long leg	$340.4M	$940.7M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	+0.020%	$124.1M	$871.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	+0.073%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5123	+0.026%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.466%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	+0.053%	$367.9M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5130	+0.073%	$290.4M	$915.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5120	+0.005%	$106.8M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	+0.106%	$266.6M	$384.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5129	+0.066%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.210%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.098%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.221%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.099%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	+0.053%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5127	+0.053%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5127	+0.053%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5130	+0.070%	$814K	$75K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5134	+0.100%	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5129	+0.066%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5133	+0.095%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5127	+0.053%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	+0.076%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5126	+0.046%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5125	+0.041%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5120	+0.007%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0185%	1h	1.5143	+0.159%	$280.2M	$222.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5119	0.000%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5133	+0.093%	$5.7M	$46.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5132	+0.087%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0339%	1h	1.5132	+0.086%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0362%	8h	1.5132	+0.086%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5123	+0.029%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5148	+0.191%	$2K	$14K	10x	as long as short