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: Bybit against dYdX+0.034%7-day average −0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 7 days−0.144%−$14 · spread now +0.034%, 7d avg −0.008%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.042% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5148	0	get 0.0000% / 1h	22m 04s	$1.1M	$115K	10x
Short	Bybit XRPUSDT	1.5153	0.0100	get 0.0100% / 8h	3h 22m	$344.9M	$944.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $21
Price spread: +0.034% → −0.008%: $4.22
Slippage, 4 orders: −$48.67
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.45
Costs to cover: 0.697%
Break-even: 21.8 days

Slippage from dYdX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	23.74 bp	28.7 bp −$29	29.8 bp −$298	41.8 bp −$4,176	93.9 bp −$47.0K
Sell Bybit live order book, 2 min ago	0.33 bp	6.3 bp −$6	7.5 bp −$75	12.9 bp −$1,287	24.5 bp −$12.2K

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	1.5148	+0.001%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5148	long leg	$1.1M	$115K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5153	+0.032%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5153	+0.034%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5149	+0.005%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.721%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5150	+0.015%	$790K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.040%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5152	+0.028%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5138	−0.065%	$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	1.5144	−0.025%	$995K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5152	+0.028%	$38.7M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5150	+0.015%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5151	+0.021%	$534.2M	$2.15B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5153	+0.034%	$344.9M	$944.7M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	+0.041%	$126.3M	$881.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5147	−0.005%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5145	−0.018%	$131K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.110%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5152	+0.028%	$371.4M	$156.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	+0.001%	$295.6M	$905.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5151	+0.023%	$109.0M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	+0.034%	$268.8M	$389.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5153	+0.034%	—	$127.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.257%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.269%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	+0.118%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.318%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	+0.022%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5154	+0.041%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5149	+0.006%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5150	+0.015%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	+0.017%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	+0.022%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5150	+0.015%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5150	+0.017%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	+0.015%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5150	+0.017%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5147	−0.003%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5148	+0.003%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5143	−0.032%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5157	+0.061%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5147	−0.004%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	+0.100%	$24.2M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5163	+0.100%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5160	+0.078%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5156	+0.054%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5143	−0.035%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0407%	1h	1.5166	+0.120%	$298.4M	$247.2M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.279%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5184	+0.240%	$2K	$15K	10x	as long as short