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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.005%
Price spread now: Aevo against Phoenix−0.091%7-day average · 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 7 days+0.212%+$21 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Aevo is 0.091% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix XRP1.51500get 0.0000% / 1h56m 50s$67K$110K15x
ShortAevo XRP-PERP1.51360.0104get 0.0013% / 1h56m 50s$58K$25K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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
$21.84
Price spread: −0.091% → 0.000%
−$9.14
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$10.3
Costs to cover
0.230%
Break-even
10.3 days
Slippage unknown: Phoenix: live order book, 41 min ago; Aevo: 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 Phoenix live order book, 41 min ago6.59 bp35.9 bp −$3695.2 bp −$952doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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%1h1.5149−0.007%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5153+0.022%$1.1M$111K10xas long as short
Phoenix XRPlong0.0000%1h1.5150long leg$67K$110K15x
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5141−0.057%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5141−0.059%$7.7M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5137−0.084%$14.3M$73.9M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.706%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0048% / S +0.0018%1h1.5141−0.059%$789K200xas long as short
Orderly PERP_XRP_USDC+0.0095%8h1.5140−0.066%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5134−0.106%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5143−0.046%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5134−0.106%$10K$331K20xas long as short
Nado XRP-PERP+0.0100%1h1.5139−0.069%$1.1M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5139−0.074%$38.3M$83.9M100xas long as short
Pacifica XRP+0.0100%1h1.5155+0.036%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5134−0.106%$532.3M$2.13B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5135−0.099%$346.4M$938.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5136−0.092%$127.7M$877.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5138−0.079%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5147−0.020%$118K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5114−0.238%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5134−0.106%$369.8M$152.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5136−0.092%$292.5M$895.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5140−0.068%$107.9M$175.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5133−0.112%$268.0M$386.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5136−0.092%$127.4Mas long as short
Variational Omni XRP+0.0100%8h1.5154+0.025%$4.8M$38.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5146−0.026%$658K$108.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5141−0.060%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5151+0.007%$1.2M$1.1M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5142−0.053%$44K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5144−0.040%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5141−0.061%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5145−0.032%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5139−0.073%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5141−0.059%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5140−0.066%$53.9M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5151+0.005%$472K$55K50xas long as short
Vest XRP-PERP+0.0100%1h1.5143−0.049%$11K10xas long as short
Extended XRP-USD+0.0104%1h1.5133−0.110%$2.0M$6.8M50xas long as short
Aevo XRP-PERPshort+0.0104%1h1.5136−0.091%$58K$25K3x
01 Exchange XRPUSD+0.0112%1h1.5144−0.040%$8K$8K10xas long as short
Hyperliquid XRP+0.0129%1h1.5146−0.026%$280.2M$228.1M20xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5147−0.020%$5.6M$47.1M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5142−0.054%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5140−0.065%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5140−0.066%$24.2M$76.1M125xas long as short
Backpack XRP_USDC_PERP+0.0242%1h1.5147−0.020%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0244%8h1.5151+0.007%$2.0M$35.0M2.9xas long as short
RISEx XRP/USDC+0.0358%1h1.5146−0.025%$516K$773K10xas long as short
Aftermath Perps XRPUSD+0.0671%1h1.5149−0.009%$2K$15K10xas long as short