Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended−0.071%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.071%, 7d avg +0.038%

Together, before fees+0.008%+ Points / potential airdropExtended: Active · farm board+$1 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: Bitget is 0.109% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5357	0.0104	pay 0.0013% / 1h	55m 31s	$2.1M	$5.9M	50x
Short	Bitget XRPUSDT	1.5346	0.0100	get 0.0100% / 8h	6h 55m	$272.2M	$361.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$0.84
Price spread: −0.071% → +0.038%: −$10.91
Slippage, 4 orders: −$2.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.2
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bitget: live order book, 4 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 Extended live order book, 3 min ago	0.32 bp	2.8 bp −$3	5.3 bp −$53	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.32 bp	7.3 bp −$7	9.6 bp −$96	22.1 bp −$2,206	28.9 bp −$14.5K

XRP on 50 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	1.5396	+0.255%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5378	+0.136%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.476%	$69K	$109K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5432	+0.489%	$8.0M	$22.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.793%	$251K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5425	+0.446%	$14.1M	$73.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.323%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5439	+0.535%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5387	+0.197%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5384	+0.177%	$619K	$3.1M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5348	−0.058%	$17K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5373	+0.102%	$479K	$51K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5354	−0.016%	$989K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5343	−0.089%	$39.0M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5379	+0.143%	$608K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5344	−0.084%	$535.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5345	−0.077%	$356.5M	$907.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5344	−0.084%	$125.7M	$848.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	+0.502%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5356	−0.006%	$166K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5425	+0.441%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5363	+0.040%	$384.0M	$155.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5372	+0.098%	$306.2M	$896.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5384	+0.179%	$109.3M	$180.4M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5346	−0.071%	$272.2M	$361.7M	125x
BingX XRP-USDC	+0.0100%	8h	1.5359	+0.014%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5429	+0.473%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5432	+0.490%	$672K	$113.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5452	+0.622%	$1.1M	$32.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5438	+0.528%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5374	+0.110%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	−0.071%	$52K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5440	+0.539%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5437	+0.522%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5430	+0.474%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	+0.450%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5426	+0.449%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5423	+0.430%	$54.8M	$33.3M	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5357	long leg	$2.1M	$5.9M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5441	+0.546%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5347	−0.064%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5427	+0.457%	$5.3M	$45.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0145% / S −0.0112%	1h	1.5436	+0.512%	$827K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5451	+0.613%	$1.7M	$32.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5428	+0.463%	$2.0M	$1.3M	25x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5360	+0.020%	$295.7M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5443	+0.561%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5347	−0.061%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5442	+0.557%	$516K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0488%	1h	1.5458	+0.659%	$3K	$15K	10x	as long as short