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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%
Price spread now: edgeX against Ondo Perps+0.237%54s7-day average +0.059% · 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−0.047%−$5 on $10k
Price spread, last 4 days (all we have)+0.296%+$30 · spread now +0.237%, 7d avg +0.059%
Together, before fees+0.249%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$25 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: edgeX is 0.177% dearer against Ondo Perps than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.059%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.54270.0100pay 0.0013% / 1h10m 18s$574K$40K5x
ShortedgeX XRPUSDC1.54640.0100get 0.0050% / 4h2h 10m$671K$97.1M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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: +0.237% → +0.059%
$17.73
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$3.73
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 4 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 Ondo Perps no order-book sample
Sell edgeX live order book, 4 min ago0.32 bp5.4 bp −$55.5 bp −$558.5 bp −$848doesn't fit
Ondo Perps: 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%1h1.5439+0.078%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5471+0.282%$1.1M$101K10xas long as short
Phoenix XRP0.0000%1h1.5470+0.279%$69K$89K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5473+0.298%$259K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0009%1h1.5466+0.253%$9.4M$24.7M50xas long as short
Injective XRP/USDC PERP+0.0040%1h1.5290−0.888%$2K$86K30xas long as short
Orderly PERP_XRP_USDC+0.0047%8h1.5475+0.311%$80K$933K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0075% / S +0.0170%1h1.5473+0.295%$911K200xas long as short
Lighter XRP+0.0096%1h1.5475+0.311%$3.0M$11.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5478+0.331%$448K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5469+0.273%$1.1M$5.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5471+0.288%$39.4M$73.2M100xas long as short
Pacifica XRP+0.0100%1h1.5472+0.292%$672K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5476+0.315%$556.8M$1.87B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5478+0.331%$348.6M$851.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5474+0.305%$126.6M$849.8M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5427long leg$574K$40K5x
Arcus XRP-USD+0.0100%1h1.5477+0.324%$120K$686K20xas long as short
Bulk XRP-USD+0.0100%1h1.5472+0.289%$1.7M$470K20xas long as short
Gate XRP_USDT+0.0100%8h1.5472+0.292%$369.3M$133.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5476+0.318%$292.5M$819.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5474+0.305%$112.2M$149.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5471+0.285%$268.1M$346.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5475+0.311%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5487+0.390%$6.7M$24.7Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5464+0.237%$671K$97.1M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5436+0.060%$1.1M$41.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5464+0.240%$1.0M$871K50xas long as short
Vest XRP-PERP+0.0100%1h1.5470+0.281%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5479+0.337%$50K$468K20xas long as short
Bullet XRP-USD+0.0100%1h1.5475+0.312%$42K$60K20xas long as short
Derive XRP-PERP+0.0100%1h1.5437+0.064%$831K$70K10xas long as short
SunX XRP-USDT+0.0100%8h1.5459+0.205%$130K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5460+0.214%$32K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5469+0.274%$50.9M$14.9M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5473+0.298%$55.3M$28.4M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5468+0.267%$482K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5467+0.259%$12K$239K20xas long as short
Extended XRP-USD+0.0104%1h1.5467+0.257%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5470+0.275%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0144%1h1.5479+0.337%$8K$8K10xas long as short
Kraken Futures PF_XRPUSD+0.0168%1h1.5466+0.250%$15.7M$65.4M50xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5495+0.441%$5.7M$45.1M50xas long as short
Backpack XRP_USDC_PERP+0.0199%1h1.5486+0.382%$1.8M$953K25xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5476+0.318%$1.4M$10K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5480+0.344%$24.2M$68.7M125xas long as short
Kalshi KXXRPPERP+0.0284%8h1.5491+0.415%$1.8M$32.0M2.9xas long as short
Hibachi XRP/USDT-P+0.0288%1h1.5441+0.088%$19K$66K7xas long as short
RISEx XRP/USDC+0.0431%1h1.5479+0.336%$407K$499K10xas long as short
Hyperliquid XRP+0.0508%1h1.5492+0.421%$285.6M$190.6M20xas long as short
Aftermath Perps XRPUSD+0.0526%1h1.5451+0.156%$1K$11K10xas long as short