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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%
Price spread now: Bulk against edgeX+0.253%56s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$190.192% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.147%+$15 on $10k
Price spread, last 7 days−0.243%−$24 · spread now +0.253%, 7d avg +0.041%
Together, before fees−0.096%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.212% dearer against edgeX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.041%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.56430.0100pay 0.0050% / 4h1h 36m$679K$99.9M30x
ShortBulk XRP-USD1.56830.0100get 0.0013% / 1h36m 30s$1.7M$616K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against edgeX. 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
$0
Price spread: +0.253% → +0.041%
$21.21
Slippage, 4 orders
−$3.2
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$2.01
Costs to cover
0.192%
Break-even
from the start
Slippage from edgeX: live order book, 3 min ago; Bulk: live order book, 3 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 edgeX live order book, 3 min ago0.96 bp5.5 bp −$55.5 bp −$558.7 bp −$870doesn't fit
Sell Bulk live order book, 3 min ago0.64 bp4.1 bp −$45.3 bp −$5314.7 bp −$1,47129.2 bp −$14.6K

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%1h1.5603−0.258%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5557−0.549%$1.1M$104K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5603−0.258%$9.7M$25.1M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5555−0.562%$260K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5290−2.259%$2K$86K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5599−0.284%$15.6M$68.0M50xas long as short
Orderly PERP_XRP_USDC+0.0053%8h1.5549−0.603%$78K$941K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0082% / S +0.0132%1h1.5554−0.568%$916K200xas long as short
Lighter XRP+0.0096%1h1.5579−0.409%$3.0M$11.9M20xas long as short
Lighter RH XRP+0.0096%1h1.5586−0.367%$457K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5558−0.543%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5552−0.581%$39.5M$76.6M100xas long as short
Pacifica XRP+0.0100%1h1.5565−0.503%$672K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5552−0.583%$561.4M$1.95B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5551−0.590%$349.1M$881.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5555−0.565%$127.2M$870.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5561−0.527%$580K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5570−0.469%$119K$731K20xas long as short
Bulk XRP-USDshort+0.0100%1h1.5683+0.253%$1.7M$616K20x
Gate XRP_USDT+0.0100%8h1.5553−0.578%$373.6M$138.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5554−0.571%$293.3M$838.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5555−0.567%$114.5M$157.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5559−0.539%$270.7M$357.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5556−0.558%$116.7Mas long as short
Variational Omni XRP+0.0100%8h1.5690+0.296%$12.0M$29.9Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5643long leg$679K$99.9M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5652+0.056%$1.1M$41.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5645+0.010%$1.0M$880K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5564−0.507%$46K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5548−0.609%$42K$64K20xas long as short
Derive XRP-PERP+0.0100%1h1.5605−0.247%$840K$79K10xas long as short
SunX XRP-USDT+0.0100%8h1.5599−0.280%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5600−0.277%$31K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5582−0.390%$51.2M$15.2M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5606−0.239%$55.6M$29.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5569−0.474%$10K10xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5564−0.508%$485K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5561−0.527%$12K$249K20xas long as short
Extended XRP-USD+0.0104%1h1.5562−0.521%$2.2M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5601−0.270%$73K$40K3xas long as short
Hibachi XRP/USDT-P+0.0136%1h1.5609−0.221%$18K$81K7xas long as short
01 Exchange XRPUSD+0.0160%1h1.5567−0.488%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5557−0.554%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5607−0.232%$5.8M$46.8M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5608−0.226%$24.6M$73.3M125xas long as short
Backpack XRP_USDC_PERP+0.0298%1h1.5609−0.220%$1.8M$976K25xas long as short
Kalshi KXXRPPERP+0.0325%8h1.5614−0.188%$1.9M$32.3M2.9xas long as short
Phoenix XRP+0.0516%1h1.5730+0.554%$70K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5573−0.449%$508K$615K10xas long as short
Hyperliquid XRP+0.0605%1h1.5573−0.450%$290.5M$199.8M20xas long as short
Aftermath Perps XRPUSD+0.0679%1h1.5636−0.044%$1K$11K10xas long as short