Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended+0.037%7-day average +0.033% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.037%, 7d avg +0.033%

Together, before fees−0.104%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5137	0.0104	pay 0.0013% / 1h	30m 43s	$2.1M	$6.7M	50x
Short	Bybit XRPUSDT	1.5143	0.0100	get 0.0100% / 8h	7h 30m	$352.6M	$939.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.84
Price spread: +0.037% → +0.033%: $0.35
Slippage, 4 orders: −$1.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.36
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Bybit: live order book, 3 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	0.33 bp	3.3 bp −$3	5.6 bp −$56	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	5.9 bp −$6	7.2 bp −$72	12.8 bp −$1,280	24.9 bp −$12.5K

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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5146	+0.057%	$14.7M	$74.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5143	+0.037%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.215%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5142	+0.031%	$246K	—	150x	as long as short
dYdX XRP-USD	+0.0010%	1h	1.5149	+0.077%	$1.1M	$157K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5148	+0.070%	$7.7M	$23.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.791%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5149	+0.078%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5146	+0.056%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5150	+0.083%	$617K	$3.1M	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	1.5142	+0.030%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.060%	$990K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5144	+0.043%	$38.4M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5147	+0.066%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5145	+0.050%	$527.9M	$2.17B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5143	+0.037%	$352.6M	$939.2M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5141	+0.023%	$125.8M	$847.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.083%	$556K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	+0.109%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.420%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5142	+0.030%	$376.9M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5142	+0.030%	$310.6M	$917.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5143	+0.039%	$105.8M	$183.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5140	+0.017%	$267.7M	$380.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5142	+0.030%	—	$108.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5142	+0.030%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	+0.157%	$659K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.400%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.116%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5154	+0.107%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	+0.076%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5146	+0.058%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5145	+0.050%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5145	+0.047%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5152	+0.096%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	+0.043%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5146	+0.055%	$49.4M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5151	+0.090%	$54.0M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5149	+0.079%	$472K	$54K	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5137	long leg	$2.1M	$6.7M	50x
01 Exchange XRPUSD	+0.0104%	1h	1.5149	+0.076%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5144	+0.042%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0119% / S −0.0085%	1h	1.5145	+0.047%	$785K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5150	+0.083%	$5.3M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5155	+0.116%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5154	+0.109%	$289.6M	$267.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5156	+0.123%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5144	+0.043%	$23.7M	$77.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5141	+0.025%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5149	+0.074%	$518K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0560%	1h	1.5183	+0.301%	$2K	$16K	10x	as long as short