Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.031%

Price spread now: Bitget against Coinbase International−0.033%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.033%, 7d avg −0.026%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5200	0.0160	pay 0.0020% / 1h	34m 44s	$5.5M	$47.6M	50x
Short	Bitget XRPUSDT	1.5195	0.0100	get 0.0100% / 8h	7h 34m	$268.8M	$381.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$12.6
Price spread: −0.033% → −0.026%: −$0.68
Slippage, 4 orders: −$4.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.22
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bitget: live order book, 4 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 Coinbase International live order book, 4 min ago	0.33 bp	6.5 bp −$7	9.7 bp −$97	22.7 bp −$2,265	doesn't fit
Sell Bitget live order book, 4 min ago	0.33 bp	6.5 bp −$7	6.9 bp −$69	11.8 bp −$1,178	19.2 bp −$9,605

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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5195	−0.032%	$14.7M	$74.9M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.118%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5200	0.000%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.132%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5198	−0.013%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	−0.013%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.368%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5214	+0.094%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5198	−0.016%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5198	−0.013%	$620K	$3.1M	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-USD	+0.0100%	8h	1.5203	+0.020%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5201	+0.010%	$994K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	−0.026%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5196	−0.026%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5192	−0.053%	$529.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5190	−0.066%	$354.5M	$940.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5191	−0.059%	$126.7M	$850.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.178%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	+0.033%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.007%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5195	−0.033%	$374.6M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5193	−0.046%	$313.3M	$915.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5197	−0.021%	$106.1M	$183.5M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5195	−0.033%	$268.8M	$381.6M	125x
BingX XRP-USDT	+0.0100%	8h	1.5197	−0.020%	—	$108.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	0.000%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.040%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.089%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.145%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5207	+0.043%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5206	+0.039%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5200	−0.001%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5199	−0.007%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.050%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	+0.014%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5195	−0.033%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5203	+0.018%	$49.6M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	−0.026%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5196	−0.026%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5193	−0.049%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5194	−0.036%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5196	−0.029%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5207	+0.046%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0160%	1h	1.5200	long leg	$5.5M	$47.6M	50x
Kalshi KXXRPPERP	+0.0171%	8h	1.5207	+0.046%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0188%	1h	1.5211	+0.072%	$290.7M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5196	−0.026%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5192	−0.054%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0228%	1h	1.5206	+0.039%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5209	+0.058%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0554%	1h	1.5210	+0.068%	$3K	$16K	10x	as long as short