Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.063%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.063%, 7d avg −0.002%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.002%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5163	0	get 0.0000% / 1h	22m 53s	$1.1M	$115K	10x
Short	Bitget XRPUSDT	1.5154	0.0100	get 0.0100% / 8h	3h 22m	$268.8M	$389.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.063%Rate

Funding earned: $21
Price spread: −0.063% → −0.002%: −$6.04
Slippage, 4 orders: −$48.39
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.42
Costs to cover: 0.704%
Break-even: 25.5 days

Slippage from dYdX: live order book, 1 min ago; Bitget: live order book, 1 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 dYdX live order book, 1 min ago	23.74 bp	28.7 bp −$29	29.8 bp −$298	41.8 bp −$4,176	93.9 bp −$47.0K
Sell Bitget live order book, 1 min ago	0.33 bp	6.5 bp −$7	8.0 bp −$80	16.2 bp −$1,616	23.5 bp −$11.8K

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	1.5178	+0.096%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5163	long leg	$1.1M	$115K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5170	+0.043%	$7.8M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.023%	$253K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5163	0.000%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.615%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5167	+0.023%	$791K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5167	+0.026%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5165	+0.010%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5166	+0.017%	$9K	$348K	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	1.5166	+0.020%	$996K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5155	−0.055%	$38.7M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5171	+0.052%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	−0.102%	$534.1M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5148	−0.102%	$345.4M	$944.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5150	−0.089%	$126.6M	$882.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5147	−0.109%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5170	+0.043%	$131K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.007%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5151	−0.082%	$371.6M	$156.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5155	−0.056%	$296.4M	$905.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	−0.068%	$109.0M	$177.8M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5154	−0.063%	$268.8M	$389.5M	125x
BingX XRP-USDC	+0.0100%	8h	1.5149	−0.096%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.153%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.166%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	+0.014%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.214%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5167	+0.024%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5171	+0.050%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5166	+0.017%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5166	+0.017%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5167	+0.022%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5172	+0.057%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5166	+0.017%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.037%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5160	−0.023%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5170	+0.042%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	−0.087%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5165	+0.010%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5171	+0.050%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5175	+0.076%	$5.7M	$47.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5166	+0.016%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	−0.003%	$24.2M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5170	+0.043%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5160	−0.025%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5172	+0.056%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5170	+0.044%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0405%	1h	1.5175	+0.076%	$299.0M	$246.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.175%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5191	+0.181%	$2K	$15K	10x	as long as short