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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%
Price spread now: GRVT against SoDEX−0.235%74s7-day average −0.005% · 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−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.007%−$1 on $10k
Price spread, last 3 days (all we have)+0.237%+$24 · spread now −0.235%, 7d avg −0.005%
Together, before fees+0.231%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.230% cheaper against SoDEX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.53320.0100pay 0.0013% / 1h36m 13s$29K$1.8M10x
ShortGRVT XRP_USDT_Perp1.52960.0100get 0.0100% / 8h7h 36m$1.1M$39.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against SoDEX. 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
$0
Price spread: −0.235% → −0.005%
−$22.97
Slippage, 4 orders
−$2.27
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$42.24
Costs to cover
0.193%
Break-even
never at this rate
Slippage from SoDEX: live order book, 3 min ago; GRVT: 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 SoDEX live order book, 3 min ago0.33 bp4.3 bp −$46.4 bp −$64doesn't fitdoesn't fit
Sell GRVT live order book, 3 min ago0.33 bp5.5 bp −$512.2 bp −$12247.3 bp −$4,728doesn'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%1h1.5333+0.007%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5340+0.051%$1.1M$112K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5328−0.025%$256K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5333+0.007%$9.3M$25.2M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0012% / S +0.0082%1h1.5328−0.026%$841K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.487%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0062%8h1.5330−0.013%$58K$935K50xas long as short
Lighter XRP+0.0096%1h1.5339+0.046%$2.8M$13.9M20xas long as short
Lighter RH XRP+0.0096%1h1.5340+0.052%$513K$3.2M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5336+0.026%$10K$279K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0100%8h1.5337+0.029%$478K$54K50xas long as short
Nado XRP-PERP+0.0100%1h1.5338+0.042%$1.0M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5333+0.007%$38.8M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5339+0.046%$620K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5338+0.039%$539.8M$2.06B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5338+0.039%$341.7M$923.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5338+0.039%$125.0M$870.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5328−0.026%$571K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5340+0.052%$118K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5296−0.236%$1.6M$517K20xas long as short
Gate XRP_USDT+0.0100%8h1.5330−0.013%$373.8M$149.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5331−0.007%$308.8M$901.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5333+0.006%$108.7M$165.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5331−0.007%$268.2M$375.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5331−0.007%$123.8Mas long as short
Variational Omni XRP+0.0100%8h1.5328−0.025%$6.3M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5307−0.161%$665K$107.3M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5296−0.235%$1.1M$39.1M20x
ApeX Omni XRPUSDT+0.0100%1h1.5306−0.170%$1.0M$892K50xas long as short
Vest XRP-PERP+0.0100%1h1.5329−0.018%$9K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5338+0.039%$49K$442K20xas long as short
Bullet XRP-USD+0.0100%1h1.5330−0.011%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5333+0.006%$825K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5341+0.058%$129K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5332long leg$29K$1.8M10x
HTX XRP-USDT+0.0100%8h1.5343+0.070%$50.3M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5339+0.046%$54.6M$29.6M50xas long as short
Extended XRP-USD+0.0104%1h1.5328−0.024%$2.1M$7.1M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5336+0.026%$8K$8K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5330−0.011%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5328−0.024%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5329−0.020%$24.0M$74.3M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5345+0.085%$5.8M$46.4M50xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5336+0.029%$14.5M$70.0M50xas long as short
Backpack XRP_USDC_PERP+0.0279%1h1.5349+0.111%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0311%8h1.5346+0.091%$2.1M$35.1M2.9xas long as short
Hibachi XRP/USDT-P+0.0312%1h1.5300−0.205%$17K$81K7xas long as short
Hyperliquid XRP+0.0406%1h1.5345+0.083%$289.8M$214.4M20xas long as short
Phoenix XRP+0.0520%1h1.5350+0.117%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0792%1h1.5329−0.019%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5343+0.069%$507K$755K10xas long as short