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: OKX against dYdX−0.019%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days−0.088%−$9 · spread now −0.019%, 7d avg −0.008%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5179	0	get 0.0000% / 1h	17m 27s	$1.1M	$115K	10x
Short	OKX XRP-USDT-SWAP	1.5176	0.0100	get 0.0100% / 8h	3h 17m	$126.1M	$885.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $21
Price spread: −0.019% → −0.008%: −$1.12
Slippage, 4 orders: −$71.54
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.66
Costs to cover: 0.915%
Break-even: 30.9 days

Slippage from dYdX: live order book, 2 min ago; OKX: 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	29.06 bp	37.1 bp −$37	51.0 bp −$510	61.4 bp −$6,136	100.6 bp −$50.3K
Sell OKX live order book, 2 min ago	0.33 bp	6.2 bp −$6	7.5 bp −$75	12.9 bp −$1,288	28.9 bp −$14.5K

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	−0.079%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5179	long leg	$1.1M	$115K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5171	−0.052%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	−0.039%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5170	−0.058%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.511%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5171	−0.054%	$796K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5182	+0.023%	$2.9M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5185	+0.040%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5159	−0.131%	$9K	$351K	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	1.5176	−0.016%	$977K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5171	−0.054%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5176	−0.017%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5172	−0.046%	$535.7M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5173	−0.039%	$345.3M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5176	−0.019%	$126.1M	$885.1M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	−0.105%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5169	−0.065%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.095%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5171	−0.052%	$372.5M	$156.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5171	−0.052%	$296.4M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5164	−0.096%	$109.3M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5169	−0.065%	$269.3M	$390.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5170	−0.059%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.052%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.010%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	−0.060%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	−0.105%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5169	−0.067%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5175	−0.026%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5171	−0.052%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5172	−0.046%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	−0.075%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	−0.052%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5167	−0.079%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5167	−0.079%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.052%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5175	−0.024%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5158	−0.136%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5168	−0.073%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5168	−0.072%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5181	+0.014%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5168	−0.070%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5158	−0.138%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0252%	1h	1.5183	+0.027%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0264%	8h	1.5168	−0.072%	$1.9M	$35.2M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5167	−0.081%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5168	−0.071%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0409%	1h	1.5177	−0.013%	$298.3M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.073%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0648%	1h	1.5178	−0.004%	$2K	$15K	10x	as long as short