Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%

Price spread now: edgeX against Lighter RH−0.377%50s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

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

costs, in and out, $10k−$160.157% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.326%+$33 · spread now −0.377%, 7d avg −0.019%

Together, before fees+0.259%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$26 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: edgeX is 0.358% cheaper against Lighter RH than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 50 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	Lighter RH XRP	1.5222	0.0096	pay 0.0012% / 1h	26m 31s	$547K	$3.2M	20x
Short	edgeX XRPUSDC	1.5165	0.0100	get 0.0050% / 4h	1h 26m	$659K	$113.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now −0.377%Rate

Funding earned: $0.84
Price spread: −0.377% → −0.019%: −$35.79
Slippage, 4 orders: −$6.72
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$50.67
Costs to cover: 0.157%
Break-even: 429.3 days

Slippage from Lighter RH: live order book, 2 min ago; edgeX: 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 Lighter RH live order book, 2 min ago	1.98 bp	2.0 bp −$2	4.9 bp −$49	50.9 bp −$5,086	doesn't fit
Sell edgeX live order book, 3 min ago	0.99 bp	5.5 bp −$5	5.7 bp −$57	8.8 bp −$882	doesn't fit

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	1.5214	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5221	−0.009%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.342%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.026%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5209	−0.082%	$14.4M	$74.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.220%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5213	−0.059%	$7.7M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.116%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5221	−0.004%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5222	long leg	$547K	$3.2M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5219	−0.020%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5225	+0.023%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5230	+0.052%	$38.7M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5223	+0.006%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5230	+0.053%	$534.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5227	+0.033%	$347.2M	$962.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5233	+0.072%	$127.6M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.158%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.079%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5221	−0.007%	$377.8M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5232	+0.066%	$305.2M	$926.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5230	+0.052%	$107.9M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5229	+0.046%	$268.5M	$397.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5224	+0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5158	−0.421%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5165	−0.377%	$659K	$113.4M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	−0.394%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	−0.348%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5226	+0.026%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5233	+0.072%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5230	+0.052%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5210	−0.079%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.483%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5216	−0.038%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	−0.072%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5206	−0.103%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	−0.105%	$54.5M	$32.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.427%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5231	+0.058%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	−0.021%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5234	+0.079%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	−0.079%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5172	−0.329%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5215	−0.046%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5221	−0.007%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5243	+0.138%	$289.8M	$265.0M	20x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5205	−0.112%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	+0.040%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5205	−0.112%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.084%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5183	−0.256%	$2K	$16K	10x	as long as short