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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%
Price spread now: edgeX against SunX−0.103%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$590.590% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.182%−$18 on $10k
Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.103%, 7d avg −0.039%
Together, before fees−0.142%+ Points / potential airdropedgeX: Active · farm board−$14 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: edgeX is 0.064% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XRP-USDT1.51230.0100pay 0.0100% / 8h4h 46m$126K$1.8M30x
ShortedgeX XRPUSDC1.51070.0100get 0.0050% / 4h46m 30s$656K$108.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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: −0.103% → −0.039%
−$6.37
Slippage, 4 orders
−$41.99
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$65.36
Costs to cover
0.590%
Break-even
never at this rate
Slippage from SunX: live order book, 9 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 SunX live order book, 9 min ago12.99 bp25.5 bp −$2628.6 bp −$286doesn't fitdoesn't fit
Sell edgeX live order book, 3 min ago0.99 bp5.5 bp −$55.8 bp −$5811.1 bp −$1,108doesn'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%1h1.5119−0.023%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5110−0.086%$14.2M$73.7M50xas long as short
dYdX XRP-USD0.0000%1h1.5125+0.017%$1.1M$114K10xas long as short
Phoenix XRP0.0000%1h1.5120−0.017%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5113−0.063%$7.7M$25.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5116−0.041%$253K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.893%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0038% / S +0.0032%1h1.5119−0.024%$787K200xas long as short
01 Exchange XRPUSD+0.0048%1h1.5128+0.036%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0079%8h1.5114−0.056%$62K$935K50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XRP+0.0096%1h1.5125+0.019%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5136+0.089%$509K$3.3M20xas long as short
Katana Perps XRP-USD+0.0097%8h1.5118−0.030%$10K$318K20xas long as short
Nado XRP-PERP+0.0100%1h1.5130+0.046%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5134+0.076%$280.9M$224.8M20xas long as short
Aster XRPUSDT+0.0100%8h1.5119−0.022%$38.2M$83.3M100xas long as short
Pacifica XRP+0.0100%1h1.5133+0.067%$607K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5126+0.023%$532.8M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5126+0.023%$344.2M$931.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5127+0.030%$125.6M$872.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5108−0.096%$562K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5114−0.056%$113K$717K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164+0.276%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5129+0.043%$369.1M$152.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5131+0.056%$296.9M$895.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5118−0.031%$107.8M$173.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5121−0.010%$267.3M$383.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5117−0.036%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5129+0.042%$5.4M$37.4Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5107−0.103%$656K$108.5M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5112−0.071%$1.1M$35.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5111−0.076%$1.2M$1.1M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5126+0.023%$43K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5120−0.015%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5115−0.050%$813K$72K10xas long as short
SunX XRP-USDTlong+0.0100%8h1.5123long leg$126K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.5112−0.069%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5117−0.038%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5120−0.017%$54.0M$30.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5131+0.059%$472K$55K50xas long as short
Vest XRP-PERP+0.0100%1h1.5124+0.007%$11K10xas long as short
Extended XRP-USD+0.0104%1h1.5125+0.014%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5108−0.096%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0149%1h1.5131+0.056%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0152%1h1.5109−0.089%$17K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5119−0.023%$5.6M$47.0M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5119−0.022%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5111−0.076%$24.2M$75.8M125xas long as short
Kalshi KXXRPPERP+0.0321%8h1.5120−0.017%$2.1M$34.4M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5131+0.055%$515K$780K10xas long as short
Aftermath Perps XRPUSD+0.0678%1h1.5133+0.068%$2K$15K10xas long as short