Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against SunX+0.030%7-day average −0.026% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.030%, 7d avg −0.026%

Together, before fees−0.079%−$8 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: SoDEX is 0.056% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5164	0.0100	pay 0.0100% / 8h	5h 26m	$127K	$1.8M	30x
Short	SoDEX XRP-USD	1.5168	0.0100	get 0.0013% / 1h	26m 10s	$28K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against SunX. 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 SunXbpFee SoDEXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.026%: $5.6
Slippage, 4 orders: −$41.39
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$51.79
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; SoDEX: live order book, 3 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 SunX live order book, 9 min ago	17.60 bp	21.6 bp −$22	24.4 bp −$244	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.33 bp	4.3 bp −$4	7.0 bp −$70	doesn't fit	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5153	−0.069%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	−0.037%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5161	−0.016%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5168	+0.030%	$7.7M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.615%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5160	−0.021%	$819K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5168	+0.030%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5165	+0.010%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5167	+0.023%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5171	+0.049%	$512K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5158	−0.036%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5160	−0.020%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5183	+0.129%	$281.5M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5165	+0.010%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	−0.015%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5170	+0.043%	$537.8M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5168	+0.030%	$344.2M	$926.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5173	+0.063%	$125.9M	$866.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.049%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	+0.010%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.048%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5173	+0.063%	$369.8M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5169	+0.036%	$293.8M	$899.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5171	+0.051%	$108.8M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	+0.049%	$268.5M	$379.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5173	+0.063%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.230%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.134%	$659K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	+0.074%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.293%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	−0.001%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	+0.023%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	−0.010%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	+0.029%	$816K	$73K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5164	long leg	$127K	$1.8M	30x
SoDEX XRP-USDshort	+0.0100%	1h	1.5168	+0.030%	$28K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5157	−0.040%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	+0.016%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	−0.021%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5162	−0.007%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	−0.006%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5177	+0.089%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5164	+0.002%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5168	+0.030%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	−0.063%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5149	−0.097%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5168	+0.032%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0351%	8h	1.5165	+0.010%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	+0.058%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.175%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0684%	1h	1.5173	+0.066%	$2K	$14K	10x	as long as short