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: SunX against OKX+0.095%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$590.590% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.095%, 7d avg +0.027%
Together, before fees−0.155%−$15 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: SunX is 0.068% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XRP-USDT-SWAP1.51800.0100pay 0.0100% / 8h4h 24m$126.2M$875.9M100x
ShortSunX XRP-USDT1.51940.0100get 0.0100% / 8h4h 24m$128K$1.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.095% → +0.027%
$6.79
Slippage, 4 orders
−$41
Fee OKX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$52.2
Costs to cover
0.590%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; SunX: live order book, 11 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 bp5.5 bp −$56.9 bp −$6913.5 bp −$1,35131.1 bp −$15.6K
Sell SunX live order book, 11 min ago16.61 bp27.6 bp −$2838.8 bp −$388doesn'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%1h1.5179−0.007%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5185+0.036%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5176−0.029%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.51800.000%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5183+0.020%$254K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5190+0.066%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.503%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0043% / S +0.0026%1h1.5182+0.014%$792K200xas long as short
Orderly PERP_XRP_USDC+0.0084%8h1.5186+0.040%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5178−0.014%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5181+0.007%$498K$3.3M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5194+0.092%$8K$8K10xas long as short
Katana Perps XRP-USD+0.0097%8h1.5186+0.040%$10K$325K20xas long as short
Nado XRP-PERP+0.0100%1h1.5181+0.008%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5189+0.059%$281.7M$226.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5175−0.030%$38.4M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5189+0.058%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5176−0.026%$535.1M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5171−0.059%$346.8M$934.2M100xas long as short
OKX XRP-USDT-SWAPlong+0.0100%8h1.5180long leg$126.2M$875.9M100x
Ondo Perps XRP-USD.P+0.0100%1h1.5174−0.040%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5192+0.079%$110K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5115−0.426%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5177−0.020%$370.1M$154.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5179−0.007%$291.2M$900.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5176−0.026%$107.9M$174.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5177−0.020%$268.5M$384.8M125xas long as short
BingX XRP-USDT+0.0100%8h1.5176−0.026%$127.0Mas long as short
Variational Omni XRP+0.0100%8h1.5179−0.009%$5.2M$37.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5159−0.136%$658K$108.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5178−0.016%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5164−0.105%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5187+0.047%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5195+0.099%$44K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5185+0.034%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5189+0.058%$817K$72K10xas long as short
SunX XRP-USDTshort+0.0100%8h1.5194+0.095%$128K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.5189+0.059%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5191+0.073%$49.7M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.51800.000%$54.2M$30.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5185+0.032%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5176−0.024%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5185+0.033%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0174%1h1.5181+0.007%$2.0M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0184%1h1.5178−0.011%$17K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5194+0.092%$5.6M$47.2M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5188+0.053%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5177−0.020%$24.1M$76.2M125xas long as short
Kalshi KXXRPPERP+0.0311%8h1.5194+0.092%$2.1M$34.5M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5195+0.097%$517K$777K10xas long as short
Aftermath Perps XRPUSD+0.0649%1h1.5181+0.009%$2K$15K10xas long as short