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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.161%
Price spread now: Aftermath Perps against Phemex+0.115%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aftermath Perps is 0.115% dearer against Phemex than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XRPUSDT1.52530.0100pay 0.0100% / 8h5h 30m$54.3M$33.3M50x
ShortAftermath Perps XRPUSD1.52710.0337get 0.0042% / 1h30m 51s$3K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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
$49.86
Price spread: +0.115% → 0.000%
$11.48
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$40.33
Costs to cover
0.210%
Break-even
1.3 days
Slippage unknown: Phemex: live order book, 6 min ago; Aftermath Perps: no order-book sample. 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 Phemex live order book, 6 min ago0.33 bp9.3 bp −$912.0 bp −$12020.8 bp −$2,085doesn't fit
Sell Aftermath Perps no order-book sample
Aftermath 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 50 exchanges

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%1h1.5366+0.741%$5K$4K20xas long as short
01 Exchange XRPUSD−0.0064%1h1.5200−0.347%$8K$98710xas long as short
Kraken Futures PF_XRPUSD−0.0063%1h1.5256+0.018%$13.8M$69.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5246−0.043%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5240−0.085%$68K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5256+0.020%$7.6M$21.0M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5252−0.005%$241K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.013%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5251−0.014%$17K$76K7xas long as short
Lighter XRP+0.0096%1h1.5253−0.002%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5257+0.026%$591K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5249−0.028%$476K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5246−0.046%$9K$403K20xas long as short
Nado XRP-PERP+0.0100%1h1.5250−0.016%$1.1M$5.8M20xas long as short
Hyperliquid XRP+0.0100%1h1.5272+0.125%$295.9M$266.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5258+0.033%$38.8M$80.5M100xas long as short
Pacifica XRP+0.0100%1h1.5249−0.028%$589K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5260+0.046%$530.0M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5261+0.052%$357.7M$878.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5259+0.039%$123.4M$827.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5240−0.085%$560K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5254+0.007%$163K$697K20xas long as short
Gate XRP_USDT+0.0100%8h1.5259+0.039%$379.6M$158.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5255+0.013%$304.9M$900.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5253−0.003%$104.4M$181.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5261+0.052%$269.8M$356.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.52530.000%$4.2Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5261+0.052%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5281+0.181%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5232−0.139%$662K$108.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5239−0.095%$1.1M$32.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5268+0.098%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5259+0.040%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5262+0.059%$52K$473K20xas long as short
Bullet XRP-USD+0.0100%1h1.5258+0.033%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5258+0.033%$83K$601K50xas long as short
SunX XRP-USDT+0.0100%8h1.5265+0.075%$128K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.52530.000%$31K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5249−0.024%$49.7M$13.7M75xas long as short
Phemex XRPUSDTlong+0.0100%8h1.5253long leg$54.3M$33.3M50x
Bulk XRP-USD+0.0100%1h1.5287+0.220%$1.6M$32K20xas long as short
Extended XRP-USD+0.0104%1h1.5248−0.035%$2.1M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5249−0.025%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5258+0.033%$5.4M$42.9M50xas long as short
Kalshi KXXRPPERP+0.0129%8h1.5261+0.052%$1.9M$35.4M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5251−0.013%$23.8M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5255+0.013%$1.3M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0224% / S −0.0454%1h1.5259+0.040%$859K200xas long as short
RISEx XRP/USDC+0.0239%1h1.5266+0.084%$512K$725K10xas long as short
Aftermath Perps XRPUSDshort+0.0337%1h1.5271+0.115%$3K$13K10x