Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: Katana Perps against dYdX+0.030%7-day average −0.047% · you sell dearer than you buy

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

Long on dYdX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.081%+$8 on $10k

Price spread, last 7 days−0.229%−$23 · spread now +0.030%, 7d avg −0.047%

Together, before fees−0.148%−$15 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 Katana Perps is 0.077% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5150	0	get 0.0000% / 1h	15m 45s	$1.1M	$115K	10x
Short	Katana Perps XRP-USD	1.5155	0.0098	get 0.0098% / 8h	3h 15m	$9K	$351K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now +0.030%Rate

Funding earned: $20.67
Price spread: +0.030% → −0.047%: $7.67
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $14.54
Costs to cover: 0.138%
Break-even: 2.1 days

Slippage unknown: dYdX: live order book, 3 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 dYdX live order book, 3 min ago	29.06 bp	37.1 bp −$37	51.0 bp −$510	61.4 bp −$6,136	100.6 bp −$50.3K
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	1.5167	+0.109%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5150	long leg	$1.1M	$115K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5152	+0.010%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5158	+0.050%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5154	+0.026%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.703%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5152	+0.008%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5167	+0.111%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5168	+0.116%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USDshort	+0.0098%	8h	1.5155	+0.030%	$9K	$351K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5156	+0.040%	$976K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5161	+0.071%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5158	+0.053%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5164	+0.090%	$535.5M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5164	+0.090%	$345.0M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5164	+0.090%	$125.9M	$884.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	+0.083%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5164	+0.090%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.093%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5165	+0.096%	$372.4M	$156.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5157	+0.043%	$296.0M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5165	+0.093%	$109.3M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5162	+0.076%	$269.3M	$390.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5166	+0.103%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.003%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.198%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.128%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.083%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5157	+0.042%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5159	+0.057%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5153	+0.018%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5153	+0.017%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5153	+0.020%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5156	+0.037%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5155	+0.030%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5158	+0.050%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5163	+0.083%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5161	+0.073%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5154	+0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5152	+0.010%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5163	+0.083%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5172	+0.142%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5151	+0.005%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	+0.083%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0242%	8h	1.5162	+0.076%	$1.9M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0251%	1h	1.5172	+0.142%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5174	+0.156%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5162	+0.074%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0408%	1h	1.5180	+0.195%	$298.3M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.261%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0643%	1h	1.5171	+0.135%	$2K	$15K	10x	as long as short