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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRnext payment $0.10 per $10,000 · paid last 24h −0.030%
Price spread now: Bullet against Coinbase International−0.026%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bullet is 0.026% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XRP-PERP-INTX1.51160.0184pay 0.0023% / 1h0m 13s$5.7M$48.1M50x
ShortBullet XRP-USD1.51120.0100get 0.0013% / 1h0m 13s$41K$69K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Coinbase International. 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
−$17.64
Price spread: −0.026% → 0.000%
−$2.65
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$38.29
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; Bullet: 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 Coinbase International live order book, 4 min ago0.33 bp7.4 bp −$710.6 bp −$10627.7 bp −$2,773doesn't fit
Sell Bullet no order-book sample
Bullet: 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%1h1.5111−0.033%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5115−0.010%$1.1M$115K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5117+0.007%$7.7M$25.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5113−0.021%$258K150xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5110−0.038%$14.2M$74.8M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.937%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5114−0.016%$793K200xas long as short
Lighter XRP+0.0096%1h1.5113−0.019%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5115−0.007%$495K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5111−0.033%$10K$356K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5108−0.055%$980K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5110−0.040%$38.9M$86.2M100xas long as short
Pacifica XRP+0.0100%1h1.5115−0.007%$606K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5110−0.037%$531.4M$2.17B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5112−0.026%$342.7M$948.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5113−0.020%$124.8M$886.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5107−0.060%$562K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5122+0.040%$137K$721K20xas long as short
Gate XRP_USDT+0.0100%8h1.5110−0.040%$373.5M$158.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5114−0.013%$293.8M$911.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5110−0.038%$108.0M$179.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5111−0.033%$268.2M$391.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5112−0.026%$128.1Mas long as short
Variational Omni XRP+0.0100%8h1.5110−0.041%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5118+0.016%$656K$111.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5149+0.218%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5120+0.026%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5114−0.010%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5120+0.026%$49K$490K20xas long as short
Bullet XRP-USDshort+0.0100%1h1.5112−0.026%$41K$69K20x
Orderly PERP_XRP_USDC+0.0100%8h1.5112−0.026%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5112−0.025%$813K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5119+0.018%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5113−0.020%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5115−0.008%$49.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5114−0.013%$53.8M$31.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5107−0.057%$1.6M$29K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5116+0.001%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5107−0.057%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5112−0.026%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0152%1h1.5119+0.020%$8K$8K10xas long as short
Kalshi KXXRPPERP+0.0175%8h1.5121+0.033%$1.8M$35.4M2.9xas long as short
Coinbase International XRP-PERP-INTXlong+0.0184%1h1.5116long leg$5.7M$48.1M50x
Reya XRPRUSDPERP+0.0217%1h1.5110−0.038%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5112−0.026%$24.1M$75.7M125xas long as short
Backpack XRP_USDC_PERP+0.0226%1h1.5123+0.046%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5113−0.022%$17K$82K7xas long as short
Hyperliquid XRP+0.0348%1h1.5122+0.040%$289.5M$256.6M20xas long as short
RISEx XRP/USDC+0.0358%1h1.5122+0.041%$516K$777K10xas long as short
Phoenix XRP+0.0528%1h1.5150+0.225%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0636%1h1.5127+0.070%$2K$15K10xas long as short