Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against SoDEX+0.009%7-day average +0.007% · you sell dearer than you buy

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

Long on SoDEX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.009%, 7d avg +0.007%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5523	0.0100	pay 0.0013% / 1h	41m 33s	$30K	$1.9M	10x
Short	Derive XRP-PERP	1.5524	0.0100	get 0.0013% / 1h	41m 33s	$836K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.007%: $0.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 2 min ago; Derive: 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 SoDEX live order book, 2 min ago	0.32 bp	4.3 bp −$4	7.3 bp −$73	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5532	+0.058%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5529	+0.041%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.625%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5523	0.000%	$9.6M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5523	+0.002%	$260K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0104%	1h	1.5522	−0.004%	$854K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5526	+0.022%	$15.5M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5524	+0.006%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.238%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5541	+0.116%	$3.0M	$12.6M	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	1.5542	+0.122%	$443K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5522	−0.003%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5537	+0.090%	$39.5M	$80.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5538	+0.099%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5528	+0.031%	$556.1M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5524	+0.006%	$346.7M	$917.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5522	−0.006%	$126.9M	$887.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5546	+0.148%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5534	+0.071%	$117K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.709%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5533	+0.064%	$374.0M	$144.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5532	+0.058%	$298.4M	$870.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5538	+0.097%	$113.1M	$163.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5530	+0.045%	$271.5M	$370.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5532	+0.058%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5624	+0.648%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.498%	$677K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5556	+0.212%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5597	+0.477%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5537	+0.089%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5532	+0.058%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5526	+0.019%	$42K	$67K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5524	+0.009%	$836K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5529	+0.036%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5523	long leg	$30K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5533	+0.063%	$51.0M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5527	+0.026%	$55.2M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5539	+0.102%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5531	+0.052%	$13K	$267K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5533	+0.063%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5522	−0.006%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5531	+0.052%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5526	+0.017%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5553	+0.193%	$24.5M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5532	+0.058%	$5.9M	$47.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5587	+0.412%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5543	+0.129%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0345%	1h	1.5538	+0.097%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0620%	1h	1.5557	+0.219%	$296.1M	$209.3M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5539	+0.104%	$505K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0810%	1h	1.5587	+0.413%	$1K	$11K	10x	as long as short