Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bitget against BloFin−0.059%45s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.313% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.173%−$17 on $10k
Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.059%, 7d avg −0.011%
Together, before fees−0.052%−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.048% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XRP-USDT1.53660.0220pay 0.0220% / 8h7h 12m$24.1M$74.1M125x
ShortBitget XRPUSDT1.53570.0100get 0.0100% / 8h7h 12m$269.5M$375.0M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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

Funding earned
−$25.2
Price spread: −0.059% → −0.011%
−$4.79
Slippage, 4 orders
−$7.33
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$61.32
Costs to cover
0.313%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 7 min ago2.62 bp8.6 bp −$98.7 bp −$8715.3 bp −$1,53329.0 bp −$14.5K
Sell Bitget live order book, 2 min ago0.32 bp6.3 bp −$68.1 bp −$8119.7 bp −$1,97134.9 bp −$17.4K

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5369+0.020%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5360−0.039%$1.1M$112K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5360−0.036%$257K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0017% / S +0.0074%1h1.5358−0.055%$843K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.263%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0063%8h1.5362−0.026%$58K$935K50xas long as short
01 Exchange XRPUSD+0.0072%1h1.5356−0.065%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0076%1h1.5364−0.013%$9.3M$25.1M50xas long as short
Lighter XRP+0.0096%1h1.5361−0.031%$2.8M$14.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5371+0.033%$515K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5354−0.078%$9K$281K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5366−0.003%$479K$55K50xas long as short
Nado XRP-PERP+0.0100%1h1.5368+0.016%$1.0M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.53660.000%$38.8M$83.2M100xas long as short
Pacifica XRP+0.0100%1h1.5366+0.001%$635K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5362−0.026%$542.7M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5361−0.033%$342.2M$919.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5358−0.052%$124.8M$867.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.53660.000%$570K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5363−0.020%$118K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5274−0.595%$1.6M$378K20xas long as short
Gate XRP_USDT+0.0100%8h1.5363−0.020%$374.9M$151.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5358−0.052%$306.0M$913.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5358−0.049%$111.0M$166.9M75xas long as short
Bitget XRPUSDTshort+0.0100%8h1.5357−0.059%$269.5M$375.0M125x
BingX XRP-USDT+0.0100%8h1.5361−0.033%$124.8Mas long as short
Variational Omni XRP+0.0100%8h1.5332−0.220%$6.4M$35.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5358−0.052%$668K$107.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5366−0.001%$1.1M$37.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5374+0.052%$1.2M$997K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5367+0.007%$48K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5364−0.011%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5366+0.002%$827K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5371+0.034%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5359−0.046%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5359−0.045%$50.4M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5359−0.046%$54.6M$29.5M50xas long as short
Vest XRP-PERP+0.0100%1h1.5359−0.047%$9K10xas long as short
Extended XRP-USD+0.0104%1h1.5361−0.032%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5362−0.025%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5354−0.076%$1.4M$7K15xas long as short
BloFin XRP-USDTlong+0.0220%8h1.5366long leg$24.1M$74.1M125x
Coinbase International XRP-PERP-INTX+0.0224%1h1.5367+0.007%$5.7M$46.7M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5357−0.058%$14.5M$70.4M50xas long as short
Backpack XRP_USDC_PERP+0.0309%1h1.5364−0.013%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0312%1h1.5361−0.032%$17K$81K7xas long as short
Kalshi KXXRPPERP+0.0314%8h1.5385+0.124%$2.0M$34.7M2.9xas long as short
Hyperliquid XRP+0.0382%1h1.5373+0.046%$290.3M$215.6M20xas long as short
Phoenix XRP+0.0520%1h1.5320−0.299%$68K$110K15xas long as short
RISEx XRP/USDC+0.0828%1h1.5363−0.021%$543K$773K10xas long as short
Aftermath Perps XRPUSD+0.0831%1h1.5364−0.012%$2K$13K10xas long as short