Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Vest−0.043%7-day average — · you buy dearer than you sell

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

Long on Vest Short on SoDEX

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 airdropVest: 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: SoDEX is 0.043% cheaper against Vest than usual: you would sell low and buy high, −$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	Vest XRP-PERP	1.5344	0.0100	pay 0.0013% / 1h	22m 13s	—	$9K	10x
Short	SoDEX XRP-USD	1.5337	0.0100	get 0.0013% / 1h	22m 13s	$29K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Vest. 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 VestbpFee SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → 0.000%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.26
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; SoDEX: live order book, 2 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 Vest no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	6.5 bp −$65	doesn't fit	doesn't fit

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	1.5347	+0.023%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5358	+0.091%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5341	−0.019%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5341	−0.017%	$9.3M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0077%	1h	1.5340	−0.021%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.411%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5340	−0.023%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5334	−0.062%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5340	−0.024%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5343	−0.004%	$515K	$3.2M	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	1.5340	−0.023%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5346	+0.014%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5346	+0.019%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5343	−0.004%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5354	+0.065%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5335	−0.057%	$541.4M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5331	−0.082%	$342.2M	$920.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5332	−0.075%	$124.8M	$867.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.179%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5349	+0.036%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.060%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5342	−0.010%	$375.6M	$150.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5345	+0.010%	$311.3M	$906.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5341	−0.015%	$108.8M	$165.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5339	−0.030%	$268.6M	$375.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5345	+0.010%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	+0.055%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5361	+0.116%	$667K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5372	+0.185%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	+0.042%	$1.2M	$996K	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5344	long leg	—	$9K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5344	+0.003%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5345	+0.012%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5341	−0.015%	$826K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5348	+0.028%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5337	−0.043%	$29K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5351	+0.047%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5337	−0.043%	$54.5M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5335	−0.055%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	−0.036%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5338	−0.034%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5354	+0.068%	$24.1M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5344	+0.003%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5336	−0.050%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5361	+0.114%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5359	+0.101%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5363	+0.124%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0387%	1h	1.5355	+0.075%	$289.7M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.042%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0791%	1h	1.5348	+0.028%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5346	+0.014%	$543K	$773K	10x	as long as short