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= −13.2% APRnext payment $1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Katana Perps against BloFin+0.169%7-day average −0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.132%−$13 on $10k
Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.169%, 7d avg −0.030%
Together, before fees−0.193%−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Katana Perps is 0.199% dearer against BloFin than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of −0.030%): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XRP-USDT1.53710.0220pay 0.0220% / 8h7h 54m$23.9M$74.8M125x
ShortKatana Perps XRP-USD1.53970.0100get 0.0100% / 8h7h 54m$12K$271K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$25.24
Price spread: +0.169% → −0.030%
$19.89
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$21.15
Costs to cover
0.158%
Break-even
from the start
Slippage unknown: BloFin: live order book, 5 min ago; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.98 bp7.0 bp −$77.6 bp −$7613.8 bp −$1,37523.6 bp −$11.8K
Sell Katana Perps no order-book sample
Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5389+0.117%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5377+0.040%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5400+0.189%$69K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5394+0.149%$258K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0088%1h1.5356−0.096%$842K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.230%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5361−0.065%$75K$910K50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5402+0.202%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5381+0.065%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5388+0.111%$514K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USDshort+0.0100%8h1.5397+0.169%$12K$271K20x
Nado XRP-PERP+0.0100%1h1.5396+0.166%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5382+0.074%$38.9M$83.3M100xas long as short
Pacifica XRP+0.0100%1h1.5385+0.089%$636K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5398+0.173%$542.0M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5392+0.137%$341.2M$932.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5391+0.130%$125.7M$885.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5339−0.208%$572K$47K5xas long as short
Arcus XRP-USD+0.0100%1h1.5397+0.169%$117K$707K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.221%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5392+0.137%$375.9M$147.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5394+0.150%$300.8M$891.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5396+0.165%$109.9M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5394+0.150%$269.9M$377.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.5376+0.033%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.113%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360−0.068%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.117%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367−0.026%$1.0M$906K50xas long as short
Vest XRP-PERP+0.0100%1h1.5386+0.097%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5397+0.169%$48K$459K20xas long as short
Bullet XRP-USD+0.0100%1h1.5392+0.137%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5364−0.047%$827K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5369−0.013%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5365−0.039%$30K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5362−0.061%$50.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5375+0.026%$54.7M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5389+0.119%$480K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5390+0.121%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5358−0.088%$55K$18K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0141%1h1.5367−0.026%$9.3M$25.6M50xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5392+0.139%$1.4M$7K15xas long as short
BloFin XRP-USDTlong+0.0220%8h1.5371long leg$23.9M$74.8M125x
Coinbase International XRP-PERP-INTX+0.0224%1h1.5369−0.013%$5.8M$47.0M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5364−0.043%$14.9M$70.2M50xas long as short
Backpack XRP_USDC_PERP+0.0302%1h1.5385+0.091%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5371+0.002%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0318%8h1.5385+0.091%$2.1M$35.4M2.9xas long as short
Hyperliquid XRP+0.0555%1h1.5409+0.247%$292.3M$214.9M20xas long as short
Aftermath Perps XRPUSD+0.0765%1h1.5367−0.023%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5401+0.196%$510K$755K10xas long as short