Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Vest against Phemex+0.133%45s7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.133% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	Phemex XRPUSDT	1.5114	0.0100	pay 0.0100% / 8h	4h 35m	$53.9M	$30.6M	50x
Short	Vest XRP-PERP	1.5134	0.0100	get 0.0013% / 1h	35m 25s	—	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phemex. 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 PhemexbpFee VestbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0.02
Price spread: +0.133% → 0.000%: $13.29
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$0.7
Costs to cover: 0.140%
Break-even: 297.6 days

Slippage unknown: Phemex: live order book, 4 min ago; Vest: 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 Phemex live order book, 4 min ago	1.65 bp	8.3 bp −$8	11.9 bp −$119	20.6 bp −$2,056	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	1.5122	+0.053%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5133	+0.126%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	+0.209%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.304%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5130	+0.108%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.951%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0029%	1h	1.5130	+0.104%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	+0.192%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5136	+0.146%	$7.7M	$25.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0082%	8h	1.5133	+0.126%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5131	+0.112%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5131	+0.112%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5135	+0.139%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5143	+0.195%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5147	+0.219%	$281.2M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5136	+0.146%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5141	+0.179%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5132	+0.121%	$533.2M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5133	+0.126%	$344.5M	$932.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5134	+0.132%	$125.9M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5140	+0.172%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5137	+0.152%	$110K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.210%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	+0.132%	$369.1M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5135	+0.139%	$289.4M	$898.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5138	+0.156%	$107.7M	$173.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5131	+0.112%	$267.6M	$384.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5130	+0.106%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5103	−0.074%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5150	+0.238%	$659K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5145	+0.205%	$1.1M	$35.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	+0.185%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	+0.172%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5132	+0.120%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5133	+0.126%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.206%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	+0.126%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5111	−0.017%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDTlong	+0.0100%	8h	1.5114	long leg	$53.9M	$30.6M	50x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	+0.147%	$472K	$55K	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5134	+0.133%	—	$11K	10x
Extended XRP-USD	+0.0104%	1h	1.5129	+0.098%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	+0.112%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0158%	1h	1.5132	+0.119%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5108	−0.043%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5139	+0.165%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5131	+0.114%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	+0.251%	$24.1M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5135	+0.139%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5144	+0.197%	$516K	$778K	10x	as long as short
Aftermath Perps XRPUSD	+0.0651%	1h	1.5147	+0.219%	$2K	$15K	10x	as long as short