Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.116%

Price spread now: Bitget against RISEx−0.024%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.024%, 7d avg −0.047%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.023% dearer against RISEx than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.047%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5141	0.0394	pay 0.0049% / 1h	35m 38s	$520K	$806K	10x
Short	Bitget XRPUSDT	1.5137	0.0100	get 0.0100% / 8h	35m 38s	$267.5M	$390.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$61.81
Price spread: −0.024% → −0.047%: $2.32
Slippage, 4 orders: −$6.55
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.04
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Bitget: live order book, 4 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 RISEx live order book, 3 min ago	2.90 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.33 bp	6.3 bp −$6	8.6 bp −$86	17.6 bp −$1,756	28.3 bp −$14.1K

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	1.5179	+0.253%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5171	+0.204%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5164	+0.154%	$7.8M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5163	+0.144%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.770%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5157	+0.105%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5147	+0.045%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5149	+0.055%	$603K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5134	−0.044%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5154	+0.088%	$1.0M	$6.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5149	+0.055%	$38.3M	$86.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5150	+0.061%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5143	+0.017%	$529.9M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	−0.044%	$348.8M	$955.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5140	−0.004%	$127.7M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5179	+0.253%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	+0.016%	$143K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.326%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5159	+0.121%	$377.7M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5137	−0.024%	$308.5M	$923.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5152	+0.074%	$106.1M	$183.9M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5137	−0.024%	$267.5M	$390.4M	125x
BingX XRP-USDC	+0.0100%	8h	1.5134	−0.044%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5150	+0.059%	$4.9M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5205	+0.426%	$660K	$113.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	+0.458%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5239	+0.650%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5168	+0.181%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	+0.141%	$51K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	+0.144%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5163	+0.148%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5160	+0.130%	$816K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5166	+0.165%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	+0.108%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5163	+0.147%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5153	+0.082%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.073%	$472K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0101% / S −0.0061%	1h	1.5163	+0.148%	$782K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	−0.062%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5161	+0.134%	$8K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5194	+0.350%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5158	+0.112%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0126%	1h	1.5166	+0.167%	$289.3M	$267.7M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0147%	1h	1.5165	+0.161%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5160	+0.128%	$5.6M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0192%	8h	1.5178	+0.247%	$1.8M	$34.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5157	+0.106%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5169	+0.187%	$23.5M	$77.6M	125x	as long as short
RISEx XRP/USDClong	+0.0394%	1h	1.5141	long leg	$520K	$806K	10x
Phoenix XRP	+0.0526%	1h	1.5230	+0.590%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5208	+0.443%	$2K	$16K	10x	as long as short