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−0.0096%/8h= −10.5% APRpaid last 24h −0.020%
Price spread now: gTrade (Gains Network) against Orderly−0.017%7-day average +0.003% · you buy dearer than you sell
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 3 days (all we have)−0.085%−$8 on $10k
Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.017%, 7d avg +0.003%
Together, before fees+0.061%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XRP_USDC1.50800.0100pay 0.0100% / 8h2h 34m$62K$934K50x
ShortgTrade (Gains Network) XRP/USD1.5077L +0.0003% / S −0.0004%get 0.0001% / 1h34m 37s$258K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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
−$20.1
Price spread: −0.017% → +0.003%
−$1.96
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$38.06
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 14 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 Orderly no order-book sample
Sell gTrade (Gains Network) virtual book (oracle venue), 14 min ago130.02 bp135.0 bp −$135193.2 bp −$1,9321958.1 bp −$195.8Kdoesn't fit
Orderly: 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%1h1.5041−0.259%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5079−0.008%$14.2M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.5042−0.253%$1.1M$115K10xas long as short
Phoenix XRP0.0000%1h1.5070−0.066%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5084+0.027%$7.6M$25.7M50xas long as short
gTrade (Gains Network) XRP/USDshortL +0.0003% / S −0.0004%1h1.5077−0.017%$258K150x
Injective XRP/USDC PERP+0.0033%1h1.5560+3.183%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5077−0.019%$789K200xas long as short
01 Exchange XRPUSD+0.0072%1h1.5045−0.232%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5043−0.248%$2.8M$14.9M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5045−0.232%$495K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5033−0.312%$11K$359K20xas long as short
Nado XRP-PERP+0.0100%1h1.5044−0.235%$914K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5054−0.172%$288.7M$258.7M20xas long as short
Aster XRPUSDT+0.0100%8h1.5041−0.259%$38.4M$86.7M100xas long as short
Pacifica XRP+0.0100%1h1.5044−0.236%$603K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5038−0.279%$527.2M$2.19B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5038−0.279%$341.6M$957.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5037−0.285%$124.3M$890.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5036−0.292%$560K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5046−0.225%$136K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5057−0.153%$1.6M$30K20xas long as short
Gate XRP_USDT+0.0100%8h1.5043−0.245%$368.7M$157.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5043−0.245%$286.2M$911.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5044−0.236%$106.4M$180.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5042−0.252%$265.6M$396.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5041−0.259%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5067−0.085%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5056−0.158%$654K$111.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5067−0.087%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5062−0.119%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5045−0.230%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5082+0.013%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5077−0.023%$41K$70K20xas long as short
Orderly PERP_XRP_USDClong+0.0100%8h1.5080long leg$62K$934K50x
Derive XRP-PERP+0.0100%1h1.5078−0.012%$811K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5084+0.029%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.50800.000%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5080−0.001%$49.3M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5075−0.033%$53.7M$31.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5052−0.188%$469K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5039−0.275%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5078−0.012%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0123%8h1.5083+0.020%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0176%1h1.5077−0.020%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5085+0.033%$5.6M$48.5M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5065−0.099%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5078−0.013%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5079−0.007%$23.5M$76.2M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5046−0.227%$513K$777K10xas long as short
Aftermath Perps XRPUSD+0.0599%1h1.5069−0.076%$2K$15K10xas long as short