Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Vest against Variational Omni+0.037%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.037% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5166	0.0100	pay 0.0100% / 8h	2h 02m	$4.7M	$38.5M	—
Short	Vest XRP-PERP	1.5172	0.0100	get 0.0013% / 1h	2m 07s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $1.73
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Vest: 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 Variational Omni RFQ quote, 2 min ago	2.01 bp	doesn't fit	7.7 bp −$77	22.9 bp −$2,293	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	1.5166	+0.001%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5169	+0.020%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	+0.015%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.027%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5166	+0.003%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.599%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S −0.0020%	1h	1.5167	+0.010%	$800K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5173	+0.047%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.027%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5169	+0.021%	$548K	$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	+0.0099%	8h	1.5163	−0.019%	$11K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	−0.015%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5170	+0.027%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5170	+0.027%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	+0.021%	$527.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5168	+0.014%	$344.5M	$966.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	+0.034%	$126.7M	$892.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5166	+0.001%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5175	+0.060%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	+0.001%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	+0.027%	$374.8M	$162.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5167	+0.008%	$298.5M	$929.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	+0.029%	$107.3M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5167	+0.008%	$266.8M	$399.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5164	−0.012%	—	$4.2M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5166	long leg	$4.7M	$38.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5160	−0.041%	$658K	$114.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5163	−0.019%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5159	−0.045%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5172	+0.037%	—	$15K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5174	+0.054%	$51K	$487K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	+0.005%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5167	+0.008%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	+0.014%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.035%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	+0.014%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.018%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	+0.021%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5170	+0.030%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5160	−0.038%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5165	−0.003%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0146%	1h	1.5182	+0.107%	$289.7M	$264.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5173	+0.047%	$7.7M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5161	−0.029%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5173	+0.047%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0205%	1h	1.5179	+0.087%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5170	+0.027%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5167	+0.006%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5160	−0.039%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5174	+0.055%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0564%	1h	1.5159	−0.047%	$2K	$16K	10x	as long as short