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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h −0.010%
Price spread now: 01 Exchange against Kraken Futures+0.097%7-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 4 days (all we have)no history yet
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 +$2 a day on $10k at the current rate, and 01 Exchange is 0.097% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XRPUSD1.5007−0.0001get 0.0000% / 1h30m 49s$14.2M$75.2M50x
Short01 Exchange XRPUSD1.50220.0080get 0.0010% / 1h30m 49s$8K$8K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Kraken Futures. 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
$17.03
Price spread: +0.097% → 0.000%
$9.68
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$9.71
Costs to cover
0.170%
Break-even
3.0 days
Slippage unknown: Kraken Futures: live order book, 3 min ago; 01 Exchange: no order-book sample. 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 Kraken Futures live order book, 3 min ago1.33 bp9.5 bp −$912.1 bp −$12121.8 bp −$2,17939.9 bp −$19.9K
Sell 01 Exchange no order-book sample
01 Exchange: 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%1h1.5013+0.037%$5K$3K20xas long as short
Kraken Futures PF_XRPUSDlong−0.0001%1h1.5007long leg$14.2M$75.2M50x
dYdX XRP-USD0.0000%1h1.5021+0.088%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5030+0.150%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5009+0.010%$7.6M$25.7M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5006−0.013%$257K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.682%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5004−0.023%$786K200xas long as short
01 Exchange XRPUSDshort+0.0080%1h1.5022+0.097%$8K$8K10x
Lighter XRP+0.0096%1h1.5006−0.009%$2.8M$14.9M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5008+0.004%$494K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5012+0.030%$12K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5021+0.087%$914K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5017+0.063%$287.3M$259.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5011+0.023%$38.3M$86.8M100xas long as short
Pacifica XRP+0.0100%1h1.5021+0.087%$602K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5012+0.027%$526.2M$2.20B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5009+0.010%$341.2M$959.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5010+0.017%$124.5M$889.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5033+0.170%$559K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5024+0.110%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.129%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.5012+0.030%$367.8M$157.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5010+0.017%$288.0M$913.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5010+0.014%$106.2M$180.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5003−0.030%$264.7M$397.0M125xas long as short
BingX XRP-USDT+0.0100%8h1.5011+0.023%$105.9Mas long as short
Variational Omni XRP+0.0100%8h1.5004−0.022%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5013+0.038%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5026+0.124%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5014+0.043%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5016+0.060%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5012+0.030%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5006−0.010%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5006−0.010%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5004−0.023%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5019+0.079%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5007−0.003%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5005−0.019%$49.0M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5008+0.004%$53.5M$31.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5022+0.100%$468K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.50080.000%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5006−0.010%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0133%8h1.5025+0.117%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0167%1h1.5016+0.057%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5012+0.030%$5.6M$48.2M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5026+0.121%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5006−0.007%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5001−0.043%$23.3M$75.8M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5023+0.104%$512K$777K10xas long as short
Aftermath Perps XRPUSD+0.0604%1h1.5042+0.231%$2K$16K10xas long as short