Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Bullet against edgeX−0.362%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.362% cheaper against edgeX than usual: you would sell low and buy high, −$36 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5392	0.0100	pay 0.0050% / 4h	3h 50m	$668K	$106.7M	30x
Short	Bullet XRP-USD	1.5336	0.0100	get 0.0013% / 1h	50m 33s	$41K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.362%Rate

Funding earned: $0
Price spread: −0.362% → 0.000%: −$36.2
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$53.2
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 4 min ago; Bullet: 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 edgeX live order book, 4 min ago	0.97 bp	5.5 bp −$5	5.7 bp −$57	8.6 bp −$864	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	1.5317	−0.485%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5316	−0.493%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5334	−0.375%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0087%	1h	1.5334	−0.378%	$841K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5334	−0.375%	$9.3M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.093%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5333	−0.382%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5324	−0.442%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5324	−0.440%	$512K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5328	−0.414%	$8K	$8K	10x	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	1.5327	−0.420%	$11K	$276K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5317	−0.484%	$478K	$54K	50x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5320	−0.466%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	−0.450%	$633K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5321	−0.461%	$538.7M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5321	−0.459%	$339.4M	$931.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5323	−0.446%	$125.1M	$880.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.466%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5325	−0.433%	$116K	$709K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.356%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5318	−0.479%	$373.9M	$148.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5318	−0.479%	$296.8M	$894.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5315	−0.500%	$108.6M	$167.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5317	−0.485%	$268.5M	$376.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5322	−0.453%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	−0.407%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5392	long leg	$668K	$106.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	−0.031%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5397	+0.034%	$1.0M	$906K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	−0.443%	$1.0M	$5.6M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5323	−0.448%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5322	−0.453%	$48K	$458K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5336	−0.362%	$41K	$69K	20x
Derive XRP-PERP	+0.0100%	1h	1.5335	−0.369%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5341	−0.331%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5333	−0.382%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5328	−0.416%	$50.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5332	−0.388%	$54.5M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5320	−0.464%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	−0.389%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5311	−0.522%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5330	−0.401%	$23.9M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5343	−0.317%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5331	−0.396%	$14.6M	$70.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5330	−0.401%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5393	+0.006%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5346	−0.297%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0440%	1h	1.5327	−0.420%	$290.7M	$215.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.054%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0783%	1h	1.5364	−0.177%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5328	−0.412%	$506K	$755K	10x	as long as short