Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.030%

Price spread now: SunX against dYdX−0.008%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1101.097% of the position

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.008%, 7d avg +0.017%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.025% cheaper against dYdX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.017%). If the spread goes back, that is −$2 on $10k: about 20 hours 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	1.5024	0	get 0.0000% / 1h	3m 04s	$1.1M	$101K	10x
Short	SunX XRP-USDT	1.5022	0.0100	get 0.0100% / 8h	4h 03m	$126K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $21
Price spread: −0.008% → +0.017%: −$2.48
Slippage, 4 orders: −$91.68
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$91.16
Costs to cover: 1.097%
Break-even: 37.4 days

Slippage from dYdX: live order book, just now; SunX: live order book, 7 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, just now	24.96 bp	30.6 bp −$31	30.6 bp −$306	34.8 bp −$3,479	83.2 bp −$41.6K
Sell SunX live order book, 7 min ago	17.29 bp	27.8 bp −$28	49.4 bp −$494	doesn't fit	doesn't fit

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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5023	−0.007%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5007	−0.110%	$6K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5024	long leg	$1.1M	$101K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5027	+0.023%	$8.7M	$22.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5023	−0.006%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4990	−0.223%	$2K	$62K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5018	−0.037%	$178K	$779K	50x	as long as short
Vest XRP-PERP	+0.0084%	1h	1.5019	−0.030%	—	$9K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5023	−0.002%	$2.9M	$10.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5026	+0.016%	$571K	$2.4M	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	1.5026	+0.016%	$12K	$249K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5019	−0.027%	$1.0M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5022	−0.008%	$38.3M	$68.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5024	+0.003%	$663K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5019	−0.030%	$528.7M	$1.75B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5022	−0.010%	$339.2M	$784.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5019	−0.030%	$125.0M	$788.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4998	−0.170%	$559K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5025	+0.010%	$111K	$613K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5015	−0.057%	$1.6M	$139K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5017	−0.044%	$349.2M	$128.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5019	−0.030%	$310.9M	$771.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5020	−0.025%	$111.0M	$137.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5021	−0.017%	$259.8M	$321.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5021	−0.017%	—	$103.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5029	+0.039%	$6.7M	$21.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5005	−0.123%	$652K	$89.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	+0.029%	$1.1M	$40.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5032	+0.056%	$995K	$687K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5029	+0.036%	$60K	$432K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5018	−0.036%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5018	−0.037%	$809K	$67K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5022	−0.008%	$126K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5019	−0.030%	$36K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5009	−0.095%	$49.5M	$13.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5020	−0.024%	$53.9M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5024	+0.005%	$468K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5019	−0.032%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5027	+0.023%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5017	−0.044%	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0157%	8h	1.5030	+0.043%	$1.8M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5032	+0.056%	$1.7M	$916K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5030	+0.043%	$5.1M	$39.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5024	+0.004%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5016	−0.050%	$23.4M	$59.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5004	−0.127%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0265%	1h	1.5021	−0.020%	$15.1M	$55.9M	50x	as long as short
Hyperliquid XRP	+0.0344%	1h	1.5034	+0.070%	$272.7M	$160.2M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5030	+0.042%	$408K	$489K	10x	as long as short
Aftermath Perps XRPUSD	+0.0446%	1h	1.5027	+0.024%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.176%	$67K	$89K	15x	as long as short