Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Arcus against edgeX+0.344%54s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.209% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.474%−$47 · spread now +0.344%, 7d avg −0.004%

Together, before fees−0.326%+ Points / potential airdropedgeX: Active · farm board−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.348% dearer against edgeX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5277	0.0100	pay 0.0050% / 4h	1h 06m	$664K	$106.9M	30x
Short	Arcus XRP-USD	1.5330	0.0100	get 0.0013% / 1h	6m 16s	$163K	$694K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now +0.344%Rate

Funding earned: $0
Price spread: +0.344% → −0.004%: $34.78
Slippage, 4 orders: −$7.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $13.9
Costs to cover: 0.209%
Break-even: from the start

Slippage from edgeX: live order book, 1 min ago; Arcus: live order book, 41 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 edgeX live order book, 1 min ago	0.98 bp	5.5 bp −$5	5.5 bp −$55	8.6 bp −$861	doesn't fit
Sell Arcus live order book, 41 min ago	0.33 bp	5.8 bp −$6	8.8 bp −$88	28.1 bp −$2,805	doesn't fit

XRP on 51 exchanges

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	1.5395	+0.770%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5327	+0.324%	$13.8M	$69.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5317	+0.259%	$1.1M	$154K	10x	as long as short
01 Exchange XRPUSD	0.0000%	1h	1.5331	+0.351%	$9K	$987	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	+0.082%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5327	+0.324%	$7.7M	$20.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5318	+0.267%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.850%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5312	+0.223%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5326	+0.315%	$2.8M	$14.2M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5329	+0.337%	$599K	$3.2M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5324	+0.305%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5322	+0.292%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5321	+0.287%	$838K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5334	+0.370%	$297.4M	$264.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5323	+0.297%	$38.9M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5325	+0.311%	$589K	$987K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5323	+0.295%	$532.9M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5318	+0.265%	$361.2M	$860.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5318	+0.265%	$124.1M	$823.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5267	−0.068%	$562K	$37K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5330	+0.344%	$163K	$694K	20x
Bulk XRP-USD	+0.0100%	1h	1.5282	+0.031%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5322	+0.292%	$377.5M	$161.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	+0.292%	$316.0M	$908.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5323	+0.300%	$104.9M	$180.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5320	+0.279%	$271.2M	$350.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5318	+0.265%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5273	−0.032%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5277	long leg	$664K	$106.9M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5299	+0.141%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5287	+0.063%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5330	+0.344%	$52K	$470K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5328	+0.332%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5325	+0.311%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	+0.167%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	+0.368%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5323	+0.298%	$32K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5316	+0.250%	$49.9M	$13.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5324	+0.305%	$54.7M	$33.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5327	+0.325%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5317	+0.256%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	+0.279%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5326	+0.318%	$5.5M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0117%	8h	1.5329	+0.337%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0156%	1h	1.5333	+0.364%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5313	+0.233%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5325	+0.309%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5333	+0.362%	$507K	$723K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0245% / S −0.0472%	1h	1.5328	+0.330%	$886K	—	200x	as long as short
Aftermath Perps XRPUSD	+0.0362%	1h	1.5299	+0.141%	$3K	$13K	10x	as long as short