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−0.0384%/8h= −42.0% APRnext payment $0.48 per $10,000 · paid last 24h −0.033%
Price spread now: Hyperliquid against RISEx+0.018%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.171% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.212%−$21 on $10k
Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.018%, 7d avg +0.019%
Together, before fees−0.413%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.52200.0484pay 0.0060% / 1h13m 31s$518K$778K10x
ShortHyperliquid XRP1.52230.0100get 0.0013% / 1h13m 31s$283.1M$222.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
−$80.58
Price spread: +0.018% → +0.019%
−$0.16
Slippage, 4 orders
−$2.11
Fee RISEx: 3 bp × 2 orders
−$6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$97.85
Costs to cover
0.171%
Break-even
never at this rate
Slippage from RISEx: live order book, 50 min ago; Hyperliquid: live order book, 10 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, 50 min ago0.73 bp3.7 bp −$48.7 bp −$87doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.33 bp4.8 bp −$56.3 bp −$6312.2 bp −$1,220doesn'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%1h1.5215−0.033%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5212−0.050%$1.1M$110K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5210−0.064%$254K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5218−0.014%$7.7M$25.5M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0033% / S +0.0039%1h1.5209−0.071%$797K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.233%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0064%1h1.5216−0.027%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0076%8h1.5215−0.033%$62K$935K50xas long as short
Lighter XRP+0.0096%1h1.5215−0.034%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5216−0.027%$514K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5207−0.086%$10K$310K20xas long as short
Nado XRP-PERP+0.0100%1h1.5209−0.071%$1.0M$5.9M20xas long as short
Hyperliquid XRPshort+0.0100%1h1.5223+0.018%$283.1M$222.8M20x
Aster XRPUSDT+0.0100%8h1.5217−0.018%$38.5M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5221+0.005%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5215−0.033%$537.4M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5217−0.020%$347.2M$929.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5218−0.014%$126.3M$873.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5241+0.137%$567K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5219−0.007%$115K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5223+0.019%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5218−0.014%$369.2M$153.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5218−0.014%$298.0M$902.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5219−0.005%$109.2M$171.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5216−0.027%$269.9M$380.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5216−0.027%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5260+0.259%$6.0M$36.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5237+0.110%$662K$108.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5251+0.203%$1.1M$35.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5246+0.170%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5217−0.020%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5211−0.060%$42K$450K20xas long as short
Bullet XRP-USD+0.0100%1h1.5211−0.060%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5217−0.023%$819K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5220−0.001%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5214−0.040%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5213−0.045%$49.8M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5213−0.047%$54.1M$30.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5217−0.018%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5213−0.049%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5215−0.036%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0192%1h1.5226+0.039%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.5224+0.026%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0215%1h1.5209−0.073%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5218−0.014%$5.6M$46.7M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5230+0.065%$24.3M$75.4M125xas long as short
Kraken Futures PF_XRPUSD+0.0272%1h1.5214−0.038%$14.4M$73.2M50xas long as short
Kalshi KXXRPPERP+0.0348%8h1.5220−0.001%$2.1M$34.7M2.9xas long as short
RISEx XRP/USDClong+0.0484%1h1.5220long leg$518K$778K10x
Phoenix XRP+0.0528%1h1.5260+0.262%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0660%1h1.5227+0.045%$2K$14K10xas long as short