Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.011%

Price spread now: 01 Exchange against Katana Perps+0.066%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and 01 Exchange is 0.066% dearer against Katana Perps than usual: you sell high and buy low: +$7 more if the spread 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	Katana Perps XRP-USD	1.5110	0.0100	pay 0.0100% / 8h	6h 36m	$10K	$307K	20x
Short	01 Exchange XRPUSD	1.5120	0.0144	get 0.0018% / 1h	36m 03s	$8K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Katana Perps. 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 Katana PerpsbpFee 01 ExchangebpOrdersPrice spread, now +0.066%Rate

Funding earned: $9.28
Price spread: +0.066% → 0.000%: $6.62
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $5.1
Costs to cover: 0.108%
Break-even: 3.2 days

Slippage unknown: Katana Perps: no order-book sample; 01 Exchange: 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 Katana Perps no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Katana Perps and 01 Exchange: 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	1.5078	−0.212%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5095	−0.098%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	−0.066%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5124	+0.093%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0062%	1h	1.5123	+0.083%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.978%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5128	+0.121%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5127	+0.113%	$58K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	+0.149%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5135	+0.165%	$517K	$3.3M	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-USDlong	+0.0100%	8h	1.5110	long leg	$10K	$307K	20x
Nado XRP-PERP	+0.0100%	1h	1.5110	−0.002%	$800K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5131	+0.139%	$38.5M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5106	−0.024%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5130	+0.132%	$537.3M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5128	+0.119%	$340.0M	$942.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5132	+0.146%	$123.8M	$872.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5069	−0.271%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5116	+0.040%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.060%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5129	+0.126%	$367.1M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5131	+0.139%	$288.7M	$907.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5128	+0.118%	$106.7M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5129	+0.126%	$265.5M	$385.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5129	+0.126%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5126	+0.107%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	−0.112%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	−0.174%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	−0.013%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5115	+0.033%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5129	+0.126%	$45K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5128	+0.119%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5131	+0.137%	$814K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5136	+0.172%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5130	+0.132%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	+0.133%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5130	+0.132%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5112	+0.012%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5124	+0.091%	$2.0M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	+0.129%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDshort	+0.0144%	1h	1.5120	+0.066%	$8K	$8K	10x
Hyperliquid XRP	+0.0207%	1h	1.5141	+0.205%	$280.0M	$220.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5124	+0.095%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5138	+0.185%	$5.7M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.549%	$24.0M	$75.2M	125x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0279%	1h	1.5133	+0.152%	$7.6M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5094	−0.107%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5141	+0.205%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0342%	8h	1.5112	+0.013%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5121	+0.072%	$535K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0798%	1h	1.5117	+0.044%	$2K	$14K	10x	as long as short