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−0.0043%/8h= −4.7% APRnext payment $0.05 per $10,000 · paid last 24h +0.042%
Price spread now: dYdX against GMX+0.008%7-day average −0.027% · 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 3 days (all we have)+0.088%+$9 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.008%, 7d avg −0.027%
Together, before fees+0.026%+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.035% dearer against GMX than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.027%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XRP/USD [ETH-USDC]1.5174L +0.0043% / S +0.0026%pay 0.0005% / 1h23m 27s$792K200x
ShortdYdX XRP-USD1.51760get 0.0000% / 1h23m 27s$1.1M$111K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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
−$8.98
Price spread: +0.008% → −0.027%
$3.48
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$27.5
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 1 min ago. 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 GMX no order-book sample
Sell dYdX live order book, 1 min ago17.14 bp22.1 bp −$2222.1 bp −$22140.1 bp −$4,009110.2 bp −$55.1K
GMX: 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%1h1.5187+0.084%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5178+0.023%$14.3M$73.8M50xas long as short
dYdX XRP-USDshort0.0000%1h1.5176+0.008%$1.1M$111K10x
Phoenix XRP0.0000%1h1.5190+0.103%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5176+0.012%$254K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5177+0.018%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.542%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]longL +0.0043% / S +0.0026%1h1.5174long leg$792K200x
Orderly PERP_XRP_USDC+0.0085%8h1.5177+0.018%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5175+0.004%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5178+0.024%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0097%8h1.5166−0.055%$10K$326K20xas long as short
Nado XRP-PERP+0.0100%1h1.5166−0.052%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5185+0.070%$281.6M$226.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5175+0.004%$38.4M$83.3M100xas long as short
Pacifica XRP+0.0100%1h1.5175+0.002%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5174−0.002%$535.0M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5175+0.004%$347.0M$934.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5176+0.011%$126.2M$875.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5174−0.002%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5176+0.011%$110K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5174−0.002%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5170−0.028%$370.0M$154.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5169−0.035%$292.4M$900.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5177+0.016%$108.3M$174.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5173−0.009%$268.5M$384.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5176+0.011%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5179+0.029%$5.2M$37.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5183+0.055%$661K$108.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5178+0.021%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5192+0.117%$1.2M$1.1M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5174−0.002%$44K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5177+0.016%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5178+0.022%$817K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5181+0.046%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5180+0.037%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5191+0.111%$49.7M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5180+0.037%$54.2M$30.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5173−0.010%$473K$55K50xas long as short
Vest XRP-PERP+0.0100%1h1.5176+0.010%$11K10xas long as short
Extended XRP-USD+0.0104%1h1.5171−0.025%$2.0M$6.8M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5177+0.018%$8K$8K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5174−0.003%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0174%1h1.5189+0.097%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0184%1h1.5183+0.057%$17K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5183+0.057%$5.6M$47.0M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5170−0.027%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5177+0.018%$24.1M$76.2M125xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5182+0.051%$2.1M$34.5M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5177+0.017%$517K$777K10xas long as short
Aftermath Perps XRPUSD+0.0650%1h1.5183+0.059%$2K$15K10xas long as short