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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Arcus against GRVT−0.145%54s7-day average −0.022% · you buy dearer than you sell
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−$210.208% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−1.636%−$164 · spread now −0.145%, 7d avg −0.022%
Together, before fees−1.641%+ Points / potential airdropGRVT: Active · farm board−$164 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: Arcus is 0.123% cheaper against GRVT than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT XRP_USDT_Perp1.51530.0100pay 0.0100% / 8h5h 38m$1.1M$35.5M20x
ShortArcus XRP-USD1.51310.0100get 0.0013% / 1h38m 22s$114K$707K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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: −0.145% → −0.022%
−$12.28
Slippage, 4 orders
−$7.25
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$33.03
Costs to cover
0.208%
Break-even
never at this rate
Slippage from GRVT: live order book, 6 min ago; Arcus: live order book, 25 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 GRVT live order book, 6 min ago0.33 bp5.7 bp −$616.7 bp −$16751.9 bp −$5,195doesn't fit
Sell Arcus live order book, 25 min ago0.66 bp5.6 bp −$611.5 bp −$115doesn't fitdoesn'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%1h1.5131−0.145%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5129−0.155%$1.1M$110K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5117−0.238%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0015%1h1.5112−0.271%$7.6M$25.4M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0032% / S +0.0046%1h1.5118−0.231%$816K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.686%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0075%8h1.5119−0.224%$62K$935K50xas long as short
01 Exchange XRPUSD+0.0080%1h1.5127−0.172%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5135−0.121%$2.8M$14.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5134−0.125%$509K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5117−0.238%$9K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5125−0.187%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5129−0.158%$279.8M$220.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5133−0.131%$38.4M$83.2M100xas long as short
Pacifica XRP+0.0100%1h1.5134−0.122%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5120−0.216%$535.9M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5119−0.224%$343.0M$925.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5122−0.205%$125.4M$864.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5112−0.271%$563K$28K5xas long as short
Arcus XRP-USDshort+0.0100%1h1.5131−0.145%$114K$707K20x
Bulk XRP-USD+0.0100%1h1.5136−0.115%$1.6M$88K20xas long as short
Gate XRP_USDT+0.0100%8h1.5118−0.231%$368.5M$151.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5120−0.218%$293.0M$895.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5119−0.221%$106.5M$170.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5115−0.251%$266.0M$380.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5119−0.224%$125.9Mas long as short
Variational Omni XRP+0.0100%8h1.5121−0.214%$5.6M$36.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5123−0.200%$657K$109.0M30xas long as short
GRVT XRP_USDT_Perplong+0.0100%8h1.5153long leg$1.1M$35.5M20x
ApeX Omni XRPUSDT+0.0100%1h1.5143−0.066%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5122−0.207%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5122−0.205%$41K$449K20xas long as short
Bullet XRP-USD+0.0100%1h1.5121−0.213%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5121−0.209%$814K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5115−0.248%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5110−0.284%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5110−0.281%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5113−0.264%$53.8M$30.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5131−0.143%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5115−0.249%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5117−0.238%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0212%1h1.5121−0.211%$1.9M$1.3M25xas long as short
Reya XRPRUSDPERP+0.0215%1h1.5114−0.254%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5115−0.251%$5.6M$46.3M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5108−0.297%$24.2M$74.4M125xas long as short
Kraken Futures PF_XRPUSD+0.0274%1h1.5109−0.292%$14.5M$73.1M50xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5109−0.288%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0353%8h1.5123−0.198%$2.2M$35.0M2.9xas long as short
RISEx XRP/USDC+0.0484%1h1.5130−0.152%$515K$776K10xas long as short
Phoenix XRP+0.0528%1h1.5140−0.086%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0711%1h1.5126−0.178%$2K$14K10xas long as short