Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against SoDEX−0.045%7-day average +0.004% · 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−$26as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.045%, 7d avg +0.004%

Together, before fees+0.406%+$41 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: OKX is 0.050% cheaper against SoDEX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5447	0.0100	pay 0.0013% / 1h	57m 01s	$30K	$1.6M	10x
Short	OKX XRP-USDT-SWAP	1.5440	0.0100	get 0.0100% / 8h	6h 57m	$126.5M	$851.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.004%: −$4.96
Slippage, 4 orders: −$2.62
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.58
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	0.32 bp	4.3 bp −$4	6.7 bp −$67	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.32 bp	6.6 bp −$7	8.6 bp −$86	15.7 bp −$1,572	32.4 bp −$16.2K

XRP on 50 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	1.5434	−0.084%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5435	−0.076%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	+0.278%	$70K	$108K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.205%	$251K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5450	+0.019%	$8.0M	$22.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5452	+0.034%	$14.1M	$73.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.732%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5436	−0.072%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5445	−0.011%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5450	+0.019%	$611K	$3.0M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5434	−0.084%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5442	−0.035%	$482K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5435	−0.074%	$993K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5447	0.000%	$39.2M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5431	−0.102%	$610K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5448	+0.007%	$539.0M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5441	−0.039%	$360.1M	$904.7M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5440	−0.045%	$126.5M	$851.5M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	−0.084%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5442	−0.032%	$167K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5425	−0.145%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5447	0.000%	$384.6M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5450	+0.019%	$309.1M	$894.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5448	+0.005%	$109.6M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5453	+0.039%	$273.5M	$360.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5446	−0.006%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5471	+0.153%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5462	+0.097%	$672K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	+0.237%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5492	+0.291%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5443	−0.024%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5438	−0.058%	$53K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5438	−0.056%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5445	−0.013%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5450	+0.022%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5447	long leg	$30K	$1.6M	10x
HTX XRP-USDT	+0.0100%	8h	1.5436	−0.071%	$50.4M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5438	−0.058%	$54.8M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5448	+0.008%	$2.1M	$5.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5440	−0.045%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5445	−0.016%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5449	+0.013%	$5.3M	$45.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5484	+0.241%	$830K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0148%	1h	1.5458	+0.071%	$2.0M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5447	0.000%	$1.7M	$32.9M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5443	−0.026%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5433	−0.092%	$1.4M	$4K	15x	as long as short
Hyperliquid XRP	+0.0270%	1h	1.5464	+0.110%	$298.9M	$266.9M	20x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5440	−0.046%	$521K	$794K	10x	as long as short
Aftermath Perps XRPUSD	+0.0482%	1h	1.5461	+0.090%	$3K	$15K	10x	as long as short