Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against SoDEX−0.013%7-day average +0.010% · 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−$20as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on SoDEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.538%+$54 · spread now −0.013%, 7d avg +0.010%

Together, before fees+0.546%+$55 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: Arcus is 0.023% cheaper against SoDEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5329	0.0100	pay 0.0013% / 1h	17m 36s	$30K	$1.5M	10x
Short	Arcus XRP-USD	1.5327	0.0100	get 0.0013% / 1h	17m 36s	$145K	$697K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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 SoDEXbpFee ArcusbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.010%: −$2.29
Slippage, 4 orders: −$5.24
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.03
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; Arcus: live order book, 16 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 SoDEX live order book, 1 min ago	0.33 bp	4.3 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Arcus live order book, 16 min ago	0.66 bp	5.6 bp −$6	9.4 bp −$94	29.6 bp −$2,963	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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5328	−0.006%	$13.9M	$75.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5314	−0.098%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5280	−0.320%	$69K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5322	−0.044%	$249K	—	150x	as long as short
dYdX XRP-USD	+0.0007%	1h	1.5308	−0.138%	$1.1M	$123K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5334	+0.033%	$7.8M	$22.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.507%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5320	−0.059%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5289	−0.261%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5312	−0.108%	$2.8M	$14.7M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5316	−0.085%	$622K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5313	−0.104%	$20K	$379K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5307	−0.147%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5320	−0.057%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5317	−0.078%	$616K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5318	−0.071%	$534.0M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5314	−0.098%	$357.0M	$917.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5310	−0.124%	$127.1M	$839.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5302	−0.176%	$561K	$41K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5327	−0.013%	$145K	$697K	20x
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.086%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5321	−0.052%	$376.0M	$155.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5317	−0.078%	$317.9M	$925.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5323	−0.039%	$107.8M	$180.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5318	−0.072%	$271.3M	$367.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5314	−0.098%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5309	−0.129%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5290	−0.254%	$664K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5305	−0.154%	$1.1M	$33.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5296	−0.215%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5318	−0.072%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5315	−0.091%	$52K	$504K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5325	−0.027%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5331	+0.013%	$78K	$646K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−1.170%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5321	−0.049%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5329	long leg	$30K	$1.5M	10x
HTX XRP-USDT	+0.0100%	8h	1.5330	+0.007%	$50.0M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5324	−0.033%	$54.5M	$33.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5325	−0.024%	$478K	$53K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5315	−0.090%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5328	−0.006%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0132% / S −0.0093%	1h	1.5324	−0.032%	$784K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5330	+0.007%	$5.4M	$47.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5318	−0.072%	$1.7M	$32.9M	2.9x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5324	−0.033%	$293.0M	$264.7M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0215%	1h	1.5335	+0.039%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5298	−0.202%	$23.8M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5320	−0.062%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5325	−0.027%	$525K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0522%	1h	1.5262	−0.437%	$3K	$16K	10x	as long as short