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

XRP

all XRP markets
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: SoDEX against GRVT−0.321%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
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)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.321%, 7d avg +0.006%
Together, before fees−0.042%+ Points / potential airdropGRVT: Active · farm board−$4 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: SoDEX is 0.327% cheaper against GRVT than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT XRP_USDT_Perp1.52510.0100pay 0.0100% / 8h5h 13m$1.1M$35.3M20x
ShortSoDEX XRP-USD1.52020.0100get 0.0013% / 1h13m 08s$28K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.321% → +0.006%
−$32.73
Slippage, 4 orders
−$2.23
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$51.95
Costs to cover
0.192%
Break-even
never at this rate
Slippage from GRVT: live order book, 6 min ago; SoDEX: 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 GRVT live order book, 6 min ago0.33 bp4.8 bp −$58.7 bp −$8742.4 bp −$4,245doesn't fit
Sell SoDEX live order book, 1 min ago0.33 bp4.3 bp −$47.8 bp −$78doesn'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%1h1.5215−0.236%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5212−0.253%$1.1M$110K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5204−0.308%$7.7M$25.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5205−0.300%$254K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0033% / S +0.0038%1h1.5204−0.308%$797K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.026%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0064%1h1.5216−0.229%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0076%8h1.5204−0.308%$62K$935K50xas long as short
Lighter XRP+0.0096%1h1.5205−0.303%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5200−0.334%$514K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5207−0.289%$10K$310K20xas long as short
Nado XRP-PERP+0.0100%1h1.5209−0.273%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5228−0.151%$283.2M$222.8M20xas long as short
Aster XRPUSDT+0.0100%8h1.5210−0.269%$38.5M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5221−0.198%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5196−0.361%$536.7M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5199−0.341%$346.8M$929.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5200−0.334%$126.1M$872.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5241−0.066%$567K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5219−0.210%$115K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5223−0.184%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5211−0.262%$369.1M$153.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5196−0.361%$295.2M$903.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5198−0.345%$109.1M$171.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5199−0.341%$269.6M$380.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5209−0.275%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5260+0.056%$6.0M$36.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5237−0.093%$662K$108.2M30xas long as short
GRVT XRP_USDT_Perplong+0.0100%8h1.5251long leg$1.1M$35.3M20x
ApeX Omni XRPUSDT+0.0100%1h1.5246−0.033%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5217−0.223%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5215−0.236%$42K$450K20xas long as short
Bullet XRP-USD+0.0100%1h1.5208−0.283%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5205−0.301%$818K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5209−0.275%$127K$1.8M30xas long as short
SoDEX XRP-USDshort+0.0100%1h1.5202−0.321%$28K$1.7M10x
HTX XRP-USDT+0.0100%8h1.5204−0.309%$49.8M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5200−0.334%$54.1M$30.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5217−0.221%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5200−0.337%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5203−0.314%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0191%1h1.5209−0.275%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.5211−0.263%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0215%1h1.5210−0.269%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5210−0.269%$5.6M$46.6M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5201−0.328%$24.3M$75.3M125xas long as short
Kraken Futures PF_XRPUSD+0.0272%1h1.5201−0.328%$14.4M$73.2M50xas long as short
Kalshi KXXRPPERP+0.0347%8h1.5223−0.184%$2.1M$34.7M2.9xas long as short
RISEx XRP/USDC+0.0484%1h1.5220−0.203%$518K$778K10xas long as short
Phoenix XRP+0.0528%1h1.5220−0.203%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0668%1h1.5233−0.120%$2K$14K10xas long as short