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−0.0139%/8h= −15.3% APRpaid last 24h −0.110%
Price spread now: GRVT against RISEx−0.041%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.186% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.339%−$34 on $10k
Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.041%, 7d avg −0.028%
Together, before fees−0.197%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.52610.0239pay 0.0030% / 1h27m 17s$513K$726K10x
ShortGRVT XRP_USDT_Perp1.52550.0100get 0.0100% / 8h5h 27m$1.1M$32.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
−$29.28
Price spread: −0.041% → −0.028%
−$1.37
Slippage, 4 orders
−$3.62
Fee RISEx: 3 bp × 2 orders
−$6
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$49.27
Costs to cover
0.186%
Break-even
never at this rate
Slippage from RISEx: live order book, 19 min ago; GRVT: live order book, 5 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, 19 min ago0.75 bp3.8 bp −$49.4 bp −$94doesn't fitdoesn't fit
Sell GRVT live order book, 5 min ago0.33 bp6.3 bp −$614.8 bp −$14848.7 bp −$4,874doesn't fit

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%1h1.5374+0.738%$5K$4K20xas long as short
01 Exchange XRPUSD−0.0072%1h1.5257−0.028%$9K$98710xas long as short
Kraken Futures PF_XRPUSD−0.0063%1h1.5265+0.022%$13.8M$69.7M50xas long as short
dYdX XRP-USD0.0000%1h1.5255−0.039%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5260−0.009%$68K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5265+0.024%$7.6M$20.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5258−0.020%$241K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.957%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5265+0.021%$17K$75K7xas long as short
Lighter XRP+0.0096%1h1.5253−0.051%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5257−0.028%$591K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5252−0.061%$476K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5253−0.054%$11K$406K20xas long as short
Nado XRP-PERP+0.0100%1h1.5254−0.045%$1.1M$5.8M20xas long as short
Hyperliquid XRP+0.0100%1h1.5264+0.018%$295.7M$267.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5250−0.076%$38.8M$80.2M100xas long as short
Pacifica XRP+0.0100%1h1.5255−0.044%$587K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5251−0.068%$529.7M$2.06B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5250−0.074%$357.8M$869.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5250−0.074%$123.6M$821.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5242−0.127%$560K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5262+0.005%$162K$696K20xas long as short
Gate XRP_USDT+0.0100%8h1.5251−0.068%$376.5M$159.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5252−0.061%$307.5M$901.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5248−0.087%$104.4M$181.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5257−0.028%$270.0M$353.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5246−0.100%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5257−0.029%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5257−0.028%$663K$107.5M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5255−0.041%$1.1M$32.9M20x
ApeX Omni XRPUSDT+0.0100%1h1.5264+0.018%$1.2M$1.2M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5252−0.061%$52K$472K20xas long as short
Bullet XRP-USD+0.0100%1h1.5251−0.067%$41K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5250−0.074%$83K$601K50xas long as short
SunX XRP-USDT+0.0100%8h1.5261+0.001%$128K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5261−0.002%$33K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5254−0.047%$49.7M$13.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5261−0.002%$54.4M$33.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5287+0.165%$1.6M$32K20xas long as short
Vest XRP-PERP+0.0100%1h1.5254−0.049%$15K10xas long as short
Extended XRP-USD+0.0104%1h1.5244−0.111%$2.2M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5245−0.107%$59K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0104%1h1.5273+0.077%$2.0M$1.2M25xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5264+0.018%$5.5M$42.8M50xas long as short
Kalshi KXXRPPERP+0.0127%8h1.5259−0.015%$1.9M$35.4M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5257−0.028%$23.7M$77.6M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5245−0.109%$1.3M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0226% / S −0.0461%1h1.5265+0.025%$859K200xas long as short
RISEx XRP/USDClong+0.0239%1h1.5261long leg$513K$726K10x
Aftermath Perps XRPUSD+0.0344%1h1.5263+0.011%$3K$13K10xas long as short