Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against OKX−0.046%7-day average — · you buy dearer than you sell

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

Long on OKX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. 01 Exchange is 0.046% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5202	0.0100	pay 0.0100% / 8h	49m 57s	$127.6M	$882.7M	100x
Short	01 Exchange XRPUSD	1.5195	0.0136	get 0.0017% / 1h	49m 57s	$8K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against OKX. 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 OKXbpFee 01 ExchangebpOrdersPrice spread, now −0.046%Rate

Funding earned: $7.56
Price spread: −0.046% → 0.000%: −$4.6
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$14.04
Costs to cover: 0.170%
Break-even: 20.0 days

Slippage unknown: OKX: live order book, 4 min ago; 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 OKX live order book, 4 min ago	0.33 bp	5.5 bp −$6	7.4 bp −$74	15.0 bp −$1,496	33.9 bp −$16.9K
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	1.5194	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5220	+0.120%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5205	+0.020%	$7.8M	$24.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5190	−0.079%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.355%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5203	+0.005%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5206	+0.027%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5207	+0.033%	$549K	$3.1M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0097% / S −0.0054%	1h	1.5190	−0.081%	$784K	—	200x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5187	−0.099%	$10K	$371K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5187	−0.095%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5204	+0.015%	$38.6M	$87.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5192	−0.063%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5208	+0.042%	$532.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5200	−0.013%	$349.6M	$959.3M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5202	long leg	$127.6M	$882.7M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.079%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5198	−0.026%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.075%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5202	0.000%	$379.0M	$159.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5203	+0.007%	$313.6M	$917.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5204	+0.010%	$107.1M	$184.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	−0.020%	$268.8M	$393.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5201	−0.007%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5190	−0.082%	$4.9M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5199	−0.017%	$660K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5223	+0.140%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.046%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5198	−0.026%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5190	−0.079%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5191	−0.072%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5197	−0.033%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5200	−0.014%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5195	−0.049%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5204	+0.013%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5190	−0.080%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	+0.026%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	−0.083%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5198	−0.024%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	−0.011%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5202	+0.003%	$17K	$79K	7x	as long as short
01 Exchange XRPUSDshort	+0.0136%	1h	1.5195	−0.046%	$8K	$2K	10x
Backpack XRP_USDC_PERP	+0.0161%	1h	1.5214	+0.079%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0165%	1h	1.5217	+0.099%	$289.8M	$267.4M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5205	+0.020%	$5.6M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5203	+0.007%	$1.7M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5186	−0.103%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5194	−0.053%	$23.7M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5194	−0.055%	$528K	$803K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5210	+0.053%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0667%	1h	1.5204	+0.014%	$2K	$16K	10x	as long as short