Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.115%

Price spread now: RISEx against Variational Omni−0.180%7-day average +0.044% · you buy dearer than you sell

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.308%+$31 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.180%, 7d avg +0.044%

Together, before fees+0.216%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.224% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of +0.044%). If the spread goes back, that is −$22 on $10k: about 2.1 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5151	0.0100	pay 0.0100% / 8h	6h 17m	$6.2M	$35.7M	—
Short	RISEx XRP/USDC	1.5123	0.0456	get 0.0057% / 1h	17m 36s	$529K	$787K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Variational Omni. 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 Variational OmnibpFee RISExbpOrdersPrice spread, now −0.180%Rate

Funding earned: $74.83
Price spread: −0.180% → +0.044%: −$22.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $46.42
Costs to cover: 0.060%
Break-even: 2.7 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; RISEx: live order book, 51 min ago. 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 Variational Omni RFQ quote, 2 min ago	2.05 bp	doesn't fit	6.6 bp −$66	25.8 bp −$2,584	doesn't fit
Sell RISEx live order book, 51 min ago	1.01 bp	4.0 bp −$4	11.1 bp −$111	doesn't fit	doesn't fit

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	1.5131	−0.130%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5129	−0.143%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.127%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	−0.053%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5141	−0.066%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.702%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5141	−0.067%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5139	−0.077%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5146	−0.031%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5131	−0.130%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5133	−0.117%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.249%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5137	−0.087%	$934K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5127	−0.159%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	−0.137%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	−0.141%	$536.6M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5122	−0.189%	$340.5M	$940.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5124	−0.176%	$124.1M	$871.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.137%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5123	−0.183%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.256%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5124	−0.176%	$367.9M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5124	−0.176%	$289.6M	$915.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5130	−0.135%	$106.9M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5118	−0.216%	$266.3M	$384.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5121	−0.196%	—	$126.9M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5151	long leg	$6.2M	$35.7M	—
edgeX XRPUSDC	+0.0100%	4h	1.5154	+0.020%	$658K	$109.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	+0.233%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.028%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5141	−0.067%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.097%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5144	−0.043%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	−0.055%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	−0.057%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	−0.051%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	−0.040%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5133	−0.117%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.133%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5114	−0.239%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5139	−0.078%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5120	−0.203%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0189%	1h	1.5141	−0.064%	$280.3M	$222.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5133	−0.119%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5149	−0.011%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5132	−0.123%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0343%	1h	1.5138	−0.084%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5146	−0.031%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDCshort	+0.0456%	1h	1.5123	−0.180%	$529K	$787K	10x
Aftermath Perps XRPUSD	+0.0756%	1h	1.5153	+0.017%	$2K	$14K	10x	as long as short