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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%
Price spread now: edgeX against GRVT−0.185%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.156%−$16 on $10k
Price spread, last 7 days+0.126%+$13 · spread now −0.185%, 7d avg −0.051%
Together, before fees−0.030%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$3 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 0.135% cheaper against GRVT than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT XRP_USDT_Perp1.56740.0100pay 0.0100% / 8h50m 53s$1.1M$41.0M20x
ShortedgeX XRPUSDC1.56450.0100get 0.0050% / 4h50m 53s$679K$102.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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: −0.185% → −0.051%
−$13.46
Slippage, 4 orders
−$3.19
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$34.65
Costs to cover
0.212%
Break-even
never at this rate
Slippage from GRVT: live order book, 3 min ago; edgeX: 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 GRVT live order book, 3 min ago0.32 bp5.5 bp −$512.5 bp −$12554.6 bp −$5,456doesn't fit
Sell edgeX live order book, 3 min ago0.96 bp5.5 bp −$55.6 bp −$568.6 bp −$863doesn'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%1h1.5658−0.104%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5650−0.156%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5690+0.100%$70K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5633−0.263%$9.7M$25.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5633−0.263%$262K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0004% / S +0.0107%1h1.5633−0.266%$860K200xas long as short
Kraken Futures PF_XRPUSD+0.0031%1h1.5634−0.256%$15.7M$68.9M50xas long as short
Orderly PERP_XRP_USDC+0.0056%8h1.5632−0.270%$77K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560−0.729%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5632−0.270%$3.0M$12.5M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5635−0.251%$446K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5638−0.228%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5629−0.289%$39.7M$79.9M100xas long as short
Pacifica XRP+0.0100%1h1.5655−0.121%$645K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5633−0.262%$560.8M$2.01B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5634−0.257%$348.9M$912.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5631−0.276%$127.9M$893.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5650−0.155%$582K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5657−0.110%$119K$750K20xas long as short
Gate XRP_USDT+0.0100%8h1.5632−0.270%$374.0M$142.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5634−0.257%$304.6M$862.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5630−0.281%$113.6M$162.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5632−0.270%$273.1M$369.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5635−0.251%$120.2Mas long as short
Variational Omni XRP+0.0100%8h1.5607−0.427%$11.7M$30.5Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5645−0.185%$679K$102.8M30x
GRVT XRP_USDT_Perplong+0.0100%8h1.5674long leg$1.1M$41.0M20x
ApeX Omni XRPUSDT+0.0100%1h1.5691+0.107%$1.0M$887K50xas long as short
Vest XRP-PERP+0.0100%1h1.5644−0.192%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5639−0.225%$45K$451K20xas long as short
Bullet XRP-USD+0.0100%1h1.5635−0.252%$42K$66K20xas long as short
Derive XRP-PERP+0.0100%1h1.5632−0.267%$841K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5634−0.256%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5632−0.270%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5631−0.277%$51.3M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5630−0.283%$55.6M$29.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5562−0.719%$1.7M$573K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5650−0.153%$488K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5658−0.104%$13K$264K20xas long as short
Extended XRP-USD+0.0104%1h1.5630−0.280%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5637−0.240%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5659−0.098%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5633−0.266%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5625−0.314%$24.4M$74.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5641−0.212%$5.9M$48.1M50xas long as short
Hibachi XRP/USDT-P+0.0272%1h1.5671−0.020%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0321%8h1.5659−0.098%$2.0M$33.6M2.9xas long as short
Backpack XRP_USDC_PERP+0.0399%1h1.5633−0.263%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0604%1h1.5646−0.180%$297.4M$207.3M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5665−0.058%$511K$632K10xas long as short
Aftermath Perps XRPUSD+0.0777%1h1.5637−0.237%$1K$11K10xas long as short