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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0728%/8h= +79.7% APRnext payment +$0.91 per $10,000 · paid last 24h +0.109%
Price spread now: RISEx against SoDEX+0.052%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$170.174% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.283%+$28 on $10k
Price spread, last 3 days (all we have)+0.126%+$13 · spread now +0.052%, 7d avg +0.056%
Together, before fees+0.410%+$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.53870.0100pay 0.0013% / 1h52m 27s$30K$1.8M10x
ShortRISEx XRP/USDC1.53950.0828get 0.0103% / 1h52m 27s$510K$754K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$152.84
Price spread: +0.052% → +0.056%
−$0.42
Slippage, 4 orders
−$3.39
Fee SoDEX: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$135.03
Costs to cover
0.174%
Break-even
0.8 days
Slippage from SoDEX: live order book, 1 min ago; RISEx: live order book, 21 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, 1 min ago0.32 bp4.3 bp −$48.2 bp −$82doesn't fitdoesn't fit
Sell RISEx live order book, 21 min ago1.37 bp4.4 bp −$49.0 bp −$90doesn't fitdoesn'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%1h1.53870.000%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5379−0.055%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5392+0.034%$258K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0087%1h1.5388+0.005%$844K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.124%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5392+0.032%$76K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0075%1h1.5389+0.013%$9.3M$25.6M50xas long as short
Phemex XRPUSDT+0.0095%8h1.5392+0.032%$54.7M$29.8M50xas long as short
Lighter XRP+0.0096%1h1.5379−0.049%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5385−0.013%$514K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XRPUSD+0.0096%1h1.5399+0.078%$8K$8K10xas long as short
Katana Perps XRP-USD+0.0100%8h1.5400+0.084%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5394+0.049%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5378−0.058%$38.9M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5381−0.040%$636K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5395+0.049%$541.3M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5393+0.039%$341.2M$929.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5393+0.039%$125.7M$884.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5377−0.065%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5392+0.032%$116K$709K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.325%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5386−0.006%$376.2M$147.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5392+0.032%$300.7M$892.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5390+0.022%$109.5M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5391+0.026%$270.0M$376.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5394+0.045%$123.3Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.009%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360−0.172%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.013%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367−0.130%$1.0M$906K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5395+0.052%$48K$459K20xas long as short
Bullet XRP-USD+0.0100%1h1.5394+0.045%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5393+0.042%$829K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5399+0.077%$129K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5387long leg$30K$1.8M10x
HTX XRP-USDT+0.0100%8h1.5392+0.029%$50.5M$15.6M75xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5380−0.047%$479K$54K50xas long as short
Vest XRP-PERP+0.0100%1h1.5387+0.003%$10K10xas long as short
Extended XRP-USD+0.0104%1h1.5384−0.018%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5372−0.099%$59K$22K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5390+0.021%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.53870.000%$23.9M$74.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5395+0.052%$5.8M$47.0M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5391+0.026%$14.7M$70.5M50xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5392+0.030%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0309%1h1.5400+0.084%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0319%8h1.5409+0.143%$2.1M$35.3M2.9xas long as short
Hyperliquid XRP+0.0505%1h1.5405+0.117%$292.4M$215.2M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.084%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0754%1h1.5378−0.059%$1K$11K10xas long as short
RISEx XRP/USDCshort+0.0828%1h1.5395+0.052%$510K$754K10x