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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.041%
Price spread now: Coinbase International against Injective+0.249%64s7-day average · 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 7 days−0.102%−$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.249% dearer against Injective than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XRP/USDC PERP1.52900.0040pay 0.0005% / 1h25m 46s$2K$86K30x
ShortCoinbase International XRP-PERP-INTX1.53280.0192get 0.0024% / 1h25m 46s$5.4M$43.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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
$32
Price spread: +0.249% → 0.000%
$24.85
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$46.84
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 3 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 Injective no order-book sample
Sell Coinbase International live order book, 3 min ago0.98 bp7.6 bp −$810.7 bp −$10729.5 bp −$2,952doesn't fit
Injective: 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
GMX XRP/USD [ETH-USDC]L −0.0210% / S +0.0297%1h1.5320+0.199%$1.7M200xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5265−0.164%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5323+0.214%$1.1M$99K10xas long as short
Phoenix XRP0.0000%1h1.5250−0.262%$68K$89K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5322+0.209%$256K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5324+0.222%$9.2M$24.0M50xas long as short
Injective XRP/USDC PERPlong+0.0040%1h1.5290long leg$2K$86K30x
Orderly PERP_XRP_USDC+0.0046%8h1.5314+0.157%$178K$788K50xas long as short
Lighter XRP+0.0096%1h1.5320+0.197%$3.0M$11.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5322+0.209%$445K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5305+0.101%$1.1M$5.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5317+0.175%$38.9M$71.6M100xas long as short
Pacifica XRP+0.0100%1h1.5322+0.210%$667K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5326+0.235%$548.0M$1.84B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5331+0.268%$343.4M$835.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5334+0.288%$123.6M$832.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5297+0.046%$569K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5315+0.164%$114K$647K20xas long as short
Bulk XRP-USD+0.0100%1h1.5201−0.581%$1.6M$350K20xas long as short
Gate XRP_USDT+0.0100%8h1.5311+0.137%$367.2M$131.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5314+0.157%$288.9M$805.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5311+0.140%$113.6M$147.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5314+0.157%$266.3M$339.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5317+0.177%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5205−0.557%$6.2M$24.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5202−0.576%$661K$95.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5221−0.452%$1.1M$41.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5204−0.562%$1.0M$848K50xas long as short
Vest XRP-PERP+0.0100%1h1.5304+0.091%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5315+0.164%$49K$475K20xas long as short
Bullet XRP-USD+0.0100%1h1.5320+0.196%$42K$59K20xas long as short
Derive XRP-PERP+0.0100%1h1.5318+0.184%$825K$70K10xas long as short
SunX XRP-USDT+0.0100%8h1.5324+0.225%$128K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5319+0.190%$28K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5303+0.087%$50.4M$14.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5317+0.177%$54.8M$28.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5302+0.081%$477K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5316+0.170%$11K$235K20xas long as short
Extended XRP-USD+0.0104%1h1.5312+0.142%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5317+0.178%$71K$40K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5319+0.190%$8K$8K10xas long as short
Backpack XRP_USDC_PERP+0.0151%1h1.5332+0.275%$1.7M$924K25xas long as short
Kraken Futures PF_XRPUSD+0.0170%1h1.5318+0.180%$15.3M$63.3M50xas long as short
Coinbase International XRP-PERP-INTXshort+0.0192%1h1.5328+0.249%$5.4M$43.7M50x
Reya XRPRUSDPERP+0.0211%1h1.5311+0.138%$1.4M$10K15xas long as short
Kalshi KXXRPPERP+0.0211%8h1.5318+0.183%$1.7M$31.6M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5299+0.059%$23.9M$66.7M125xas long as short
Hibachi XRP/USDT-P+0.0248%1h1.5249−0.268%$19K$55K7xas long as short
RISEx XRP/USDC+0.0431%1h1.5320+0.194%$406K$496K10xas long as short
Hyperliquid XRP+0.0465%1h1.5334+0.288%$282.0M$181.8M20xas long as short
Aftermath Perps XRPUSD+0.0530%1h1.5253−0.239%$1K$11K10xas long as short