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 −0.018%
Price spread now: GRVT against Ondo Perps+0.026%7-day average +0.064% · 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+0.109%+$11 on $10k
Price spread, last 4 days (all we have)+0.543%+$54 · spread now +0.026%, 7d avg +0.064%
Together, before fees+0.652%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board+$65 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 0.038% cheaper against Ondo Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.53980.0100pay 0.0013% / 1h21m 24s$573K$41K5x
ShortGRVT XRP_USDT_Perp1.54020.0100get 0.0100% / 8h2h 21m$1.1M$42.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: +0.026% → +0.064%
−$3.77
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$17.77
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; GRVT: 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 Ondo Perps no order-book sample
Sell GRVT live order book, 3 min ago0.33 bp4.8 bp −$515.2 bp −$15267.3 bp −$6,725doesn'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%1h1.5397−0.006%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5431+0.213%$1.1M$101K10xas long as short
Phoenix XRP0.0000%1h1.5320−0.507%$68K$89K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5454+0.366%$259K150xas long as short
Injective XRP/USDC PERP+0.0040%1h1.5290−0.701%$2K$86K30xas long as short
Orderly PERP_XRP_USDC+0.0046%8h1.5462+0.416%$59K$916K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0073% / S +0.0183%1h1.5454+0.362%$908K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0073%1h1.5464+0.429%$9.4M$24.6M50xas long as short
Lighter XRP+0.0096%1h1.5429+0.200%$3.0M$11.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5431+0.214%$447K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5433+0.231%$1.1M$5.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5443+0.290%$39.2M$72.3M100xas long as short
Pacifica XRP+0.0100%1h1.5428+0.195%$671K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5458+0.393%$552.7M$1.85B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5464+0.429%$346.7M$842.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5464+0.429%$125.1M$843.3M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5398long leg$573K$41K5x
Arcus XRP-USD+0.0100%1h1.5439+0.266%$116K$651K20xas long as short
Gate XRP_USDT+0.0100%8h1.5457+0.383%$369.8M$131.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5453+0.357%$290.0M$810.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5437+0.256%$113.2M$147.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5457+0.383%$268.5M$342.8M125xas long as short
BingX XRP-USDT+0.0100%8h1.5459+0.396%$113.8Mas long as short
Variational Omni XRP+0.0100%8h1.5321−0.500%$6.3M$24.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5357−0.266%$667K$95.8M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5402+0.026%$1.1M$42.0M20x
ApeX Omni XRPUSDT+0.0100%1h1.5381−0.110%$1.0M$864K50xas long as short
Vest XRP-PERP+0.0100%1h1.5431+0.215%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5457+0.383%$50K$477K20xas long as short
Bullet XRP-USD+0.0100%1h1.5456+0.377%$42K$59K20xas long as short
Derive XRP-PERP+0.0100%1h1.5464+0.427%$833K$70K10xas long as short
SunX XRP-USDT+0.0100%8h1.5466+0.444%$129K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5456+0.377%$33K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5405+0.045%$50.7M$14.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5452+0.351%$55.2M$28.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5438+0.257%$1.7M$399K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5427+0.185%$481K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5435+0.240%$12K$235K20xas long as short
Extended XRP-USD+0.0104%1h1.5457+0.383%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5468+0.454%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0144%1h1.5445+0.305%$8K$8K10xas long as short
Backpack XRP_USDC_PERP+0.0167%1h1.5427+0.188%$1.7M$929K25xas long as short
Kraken Futures PF_XRPUSD+0.0168%1h1.5454+0.363%$15.7M$64.2M50xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5463+0.422%$5.5M$44.6M50xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5445+0.305%$1.4M$10K15xas long as short
Kalshi KXXRPPERP+0.0217%8h1.5416+0.117%$1.7M$31.7M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5373−0.162%$23.9M$67.5M125xas long as short
Hibachi XRP/USDT-P+0.0248%1h1.5361−0.238%$19K$55K7xas long as short
RISEx XRP/USDC+0.0431%1h1.5443+0.293%$406K$497K10xas long as short
Hyperliquid XRP+0.0495%1h1.5472+0.481%$285.9M$185.8M20xas long as short
Aftermath Perps XRPUSD+0.0525%1h1.5339−0.385%$1K$11K10xas long as short