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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0331%/8h= −36.2% APRpaid last 24h −0.142%
Price spread now: edgeX against RISEx−0.791%55s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.245% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.433%−$43 on $10k
Price spread, last 4 days (all we have)+1.132%+$113 · spread now −0.791%, 7d avg −0.040%
Together, before fees+0.699%+ Points / potential airdropedgeX: Active · farm board+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.751% cheaper against RISEx than usual: you would sell low and buy high (−$75 if the spread goes back to its 7-day average of −0.040%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.55370.0431pay 0.0054% / 1h0m 40s$408K$523K10x
ShortedgeX XRPUSDC1.54140.0100get 0.0050% / 4h2h 00m$670K$96.2M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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
−$69.45
Price spread: −0.791% → −0.040%
−$75.11
Slippage, 4 orders
−$9.48
Fee RISEx: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$169.04
Costs to cover
0.245%
Break-even
never at this rate
Slippage from RISEx: live order book, 23 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 23 min ago3.44 bp6.4 bp −$611.2 bp −$112doesn't fitdoesn't fit
Sell edgeX live order book, 3 min ago1.30 bp5.8 bp −$65.8 bp −$588.8 bp −$880doesn't fit

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%1h1.5457−0.512%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5482−0.353%$1.1M$101K10xas long as short
Phoenix XRP0.0000%1h1.5430−0.686%$69K$89K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5472−0.416%$9.4M$24.8M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5471−0.420%$259K150xas long as short
Injective XRP/USDC PERP+0.0040%1h1.5290−1.587%$2K$86K30xas long as short
Orderly PERP_XRP_USDC+0.0049%8h1.5471−0.422%$81K$935K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0077% / S +0.0160%1h1.5478−0.378%$911K200xas long as short
Lighter XRP+0.0096%1h1.5481−0.357%$3.0M$11.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5483−0.345%$447K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5458−0.503%$1.1M$5.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5490−0.300%$39.4M$73.4M100xas long as short
Pacifica XRP+0.0100%1h1.5490−0.301%$677K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5490−0.302%$557.2M$1.88B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5489−0.306%$348.5M$854.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5489−0.306%$126.2M$854.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5393−0.924%$575K$40K5xas long as short
Arcus XRP-USD+0.0100%1h1.5511−0.165%$120K$696K20xas long as short
Bulk XRP-USD+0.0100%1h1.5455−0.528%$1.7M$470K20xas long as short
Gate XRP_USDT+0.0100%8h1.5488−0.313%$368.9M$134.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5488−0.313%$284.1M$827.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5488−0.311%$112.6M$149.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5490−0.300%$268.6M$347.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5503−0.216%$114.8Mas long as short
Variational Omni XRP+0.0100%8h1.5410−0.816%$6.6M$24.8Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5414−0.791%$670K$96.2M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5398−0.892%$1.1M$41.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5386−0.969%$1.0M$879K50xas long as short
Vest XRP-PERP+0.0100%1h1.5454−0.532%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5470−0.429%$51K$437K20xas long as short
Bullet XRP-USD+0.0100%1h1.5486−0.328%$42K$61K20xas long as short
Derive XRP-PERP+0.0100%1h1.5468−0.443%$833K$70K10xas long as short
SunX XRP-USDT+0.0100%8h1.5487−0.317%$130K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5470−0.429%$32K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5467−0.451%$50.9M$15.0M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5470−0.429%$55.2M$28.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5488−0.310%$483K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5531−0.036%$11K$243K20xas long as short
Extended XRP-USD+0.0104%1h1.5511−0.166%$2.1M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5468−0.440%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0152%1h1.5462−0.480%$8K$8K10xas long as short
Kraken Futures PF_XRPUSD+0.0168%1h1.5469−0.434%$15.8M$65.3M50xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5475−0.396%$5.7M$45.2M50xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5480−0.364%$1.4M$9K15xas long as short
Backpack XRP_USDC_PERP+0.0212%1h1.5478−0.377%$1.8M$956K25xas long as short
BloFin XRP-USDT+0.0220%8h1.5467−0.448%$24.3M$69.4M125xas long as short
Kalshi KXXRPPERP+0.0311%8h1.5463−0.474%$1.8M$32.0M2.9xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5457−0.511%$19K$66K7xas long as short
RISEx XRP/USDClong+0.0431%1h1.5537long leg$408K$523K10x
Hyperliquid XRP+0.0522%1h1.5498−0.248%$286.2M$191.3M20xas long as short
Aftermath Perps XRPUSD+0.0575%1h1.5435−0.651%$1K$11K10xas long as short