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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against OKX+0.238%71s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
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+0.066%+$7 on $10k
Price spread, last 7 days−0.239%−$24 · spread now +0.238%, 7d avg +0.017%
Together, before fees−0.173%+ Points / potential airdropGRVT: Active · farm board−$17 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: GRVT is 0.221% dearer against OKX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XRP-USDT-SWAP1.51130.0100pay 0.0100% / 8h3h 00m$124.9M$886.0M100x
ShortGRVT XRP_USDT_Perp1.51490.0100get 0.0100% / 8h3h 00m$1.1M$37.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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: +0.238% → +0.017%
$22.08
Slippage, 4 orders
−$2.19
Fee OKX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$0.89
Costs to cover
0.212%
Break-even
from the start
Slippage from OKX: live order book, 4 min ago; GRVT: live order book, 4 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 OKX live order book, 4 min ago0.33 bp5.8 bp −$67.3 bp −$7315.2 bp −$1,51532.4 bp −$16.2K
Sell GRVT live order book, 4 min ago0.33 bp5.2 bp −$518.5 bp −$18560.5 bp −$6,049doesn'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%1h1.5111−0.013%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5115+0.010%$1.1M$115K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5117+0.026%$7.7M$25.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5113−0.001%$258K150xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5110−0.018%$14.2M$74.8M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.958%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5114+0.004%$793K200xas long as short
Lighter XRP+0.0096%1h1.5115+0.010%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5116+0.020%$495K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5111−0.013%$10K$356K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5108−0.035%$980K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.51130.000%$38.9M$86.2M100xas long as short
Pacifica XRP+0.0100%1h1.5115+0.013%$606K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5113+0.001%$531.5M$2.17B100xas long as short
Bybit XRPUSDT+0.0100%8h1.51130.000%$342.7M$948.6M100xas long as short
OKX XRP-USDT-SWAPlong+0.0100%8h1.5113long leg$124.9M$886.0M100x
Ondo Perps XRP-USD.P+0.0100%1h1.5107−0.040%$562K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5122+0.060%$137K$721K20xas long as short
Gate XRP_USDT+0.0100%8h1.5115+0.013%$373.0M$158.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5114+0.007%$293.6M$911.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5115+0.011%$108.1M$179.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5112−0.007%$268.2M$391.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5114+0.007%$128.1Mas long as short
Variational Omni XRP+0.0100%8h1.5110−0.021%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5118+0.036%$656K$111.3M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5149+0.238%$1.1M$37.0M20x
ApeX Omni XRPUSDT+0.0100%1h1.5120+0.046%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5114+0.009%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5120+0.046%$49K$490K20xas long as short
Bullet XRP-USD+0.0100%1h1.5112−0.007%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5112−0.007%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5112−0.005%$813K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5119+0.038%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.51130.000%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5115+0.012%$49.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5114+0.007%$53.8M$31.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5107−0.037%$1.6M$29K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5116+0.021%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5107−0.037%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5112−0.007%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0152%1h1.5119+0.040%$8K$8K10xas long as short
Kalshi KXXRPPERP+0.0179%8h1.5116+0.020%$1.8M$35.4M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5116+0.020%$5.7M$48.1M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5110−0.018%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5112−0.007%$24.1M$75.7M125xas long as short
Backpack XRP_USDC_PERP+0.0226%1h1.5126+0.086%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5113−0.002%$17K$82K7xas long as short
Hyperliquid XRP+0.0350%1h1.5130+0.112%$289.7M$256.4M20xas long as short
RISEx XRP/USDC+0.0358%1h1.5122+0.061%$516K$777K10xas long as short
Phoenix XRP+0.0528%1h1.5150+0.245%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0636%1h1.5127+0.089%$2K$15K10xas long as short