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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.043%
Price spread now: edgeX against Extended+0.386%53s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$170.168% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.183%−$18 on $10k
Price spread, last 7 days−0.365%−$36 · spread now +0.386%, 7d avg +0.002%
Together, before fees−0.547%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$55 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: edgeX is 0.384% dearer against Extended than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XRP-USD1.55890.0104pay 0.0013% / 1h48m 35s$2.1M$7.1M50x
ShortedgeX XRPUSDC1.56490.0100get 0.0050% / 4h48m 35s$681K$103.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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
−$0.84
Price spread: +0.386% → +0.002%
$38.4
Slippage, 4 orders
−$2.82
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$20.75
Costs to cover
0.168%
Break-even
from the start
Slippage from Extended: live order book, 5 min ago; edgeX: live order book, 1 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 Extended live order book, 5 min ago0.32 bp2.8 bp −$35.0 bp −$50doesn't fitdoesn't fit
Sell edgeX live order book, 1 min ago0.96 bp5.5 bp −$55.5 bp −$558.4 bp −$840doesn't fit

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%1h1.5579−0.062%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5595+0.044%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5650+0.393%$70K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5577−0.075%$9.7M$25.4M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5586−0.015%$261K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0107%1h1.5586−0.017%$857K200xas long as short
Kraken Futures PF_XRPUSD+0.0031%1h1.5581−0.048%$15.6M$68.7M50xas long as short
Orderly PERP_XRP_USDC+0.0056%8h1.5573−0.101%$77K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560−0.184%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5594+0.034%$3.0M$12.5M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5595+0.040%$444K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5591+0.012%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5591+0.018%$39.6M$79.8M100xas long as short
Pacifica XRP+0.0100%1h1.5594+0.033%$642K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5593+0.026%$558.3M$2.01B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5591+0.015%$347.0M$912.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5591+0.015%$127.4M$890.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5650+0.393%$582K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5595+0.040%$117K$752K20xas long as short
Bulk XRP-USD+0.0100%1h1.5633+0.285%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5590+0.008%$372.6M$143.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5590+0.008%$301.0M$865.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5602+0.087%$113.6M$162.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5582−0.043%$272.5M$369.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5593+0.028%$120.3Mas long as short
Variational Omni XRP+0.0100%8h1.5634+0.288%$11.7M$30.5Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5649+0.386%$681K$103.3M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5635+0.294%$1.1M$40.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5640+0.329%$1.0M$887K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5591+0.015%$49K$453K20xas long as short
Bullet XRP-USD+0.0100%1h1.5589+0.001%$42K$66K20xas long as short
Derive XRP-PERP+0.0100%1h1.5576−0.084%$838K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5579−0.062%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5577−0.075%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5580−0.056%$51.2M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5579−0.062%$55.4M$29.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5591+0.012%$486K$54K50xas long as short
Vest XRP-PERP+0.0100%1h1.5588−0.004%$10K10xas long as short
Katana Perps XRP-USD+0.0101%8h1.5596+0.047%$13K$266K20xas long as short
Extended XRP-USDlong+0.0104%1h1.5589long leg$2.1M$7.1M50x
Aevo XRP-PERP+0.0104%1h1.5579−0.060%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5597+0.053%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5586−0.020%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5584−0.030%$24.4M$74.5M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5585−0.024%$5.9M$47.7M50xas long as short
Hibachi XRP/USDT-P+0.0272%1h1.5639+0.322%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0320%8h1.5608+0.124%$2.0M$33.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0373%1h1.5590+0.008%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0602%1h1.5623+0.220%$297.5M$208.4M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5604+0.100%$509K$632K10xas long as short
Aftermath Perps XRPUSD+0.0807%1h1.5619+0.198%$1K$11K10xas long as short