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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against SunX−0.044%74s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.589% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.044%, 7d avg −0.032%
Together, before fees+0.036%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XRP-USDT1.52580.0100pay 0.0100% / 8h42m 02s$128K$1.8M30x
ShortGRVT XRP_USDT_Perp1.52520.0100get 0.0100% / 8h42m 02s$1.1M$35.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.044% → −0.032%
−$1.28
Slippage, 4 orders
−$41.91
Fee SunX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$60.19
Costs to cover
0.589%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; GRVT: live order book, 2 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, 4 min ago17.60 bp21.6 bp −$2224.9 bp −$249doesn't fitdoesn't fit
Sell GRVT live order book, 2 min ago0.33 bp6.0 bp −$616.7 bp −$16767.7 bp −$6,775doesn'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%1h1.5241−0.114%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5242−0.106%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5248−0.068%$247K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0012%1h1.5252−0.042%$7.9M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.977%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5244−0.097%$14.6M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5247−0.072%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5246−0.081%$602K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5239−0.127%$10K$372K20xas long as short
GMX XRP/USD [ETH-USDC]L +0.0100% / S −0.0058%1h1.5250−0.058%$787K200xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5242−0.104%$1.0M$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5242−0.106%$38.7M$87.0M100xas long as short
Pacifica XRP+0.0100%1h1.5249−0.062%$615K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5237−0.140%$533.7M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5235−0.153%$350.8M$957.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5237−0.140%$128.5M$877.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5226−0.212%$566K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5253−0.035%$145K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5191−0.445%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5243−0.101%$380.0M$160.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5232−0.173%$315.0M$920.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5239−0.128%$107.4M$184.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5234−0.160%$269.5M$392.8M125xas long as short
BingX XRP-USDC+0.0100%8h1.5242−0.107%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5239−0.130%$4.9M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5231−0.183%$662K$113.7M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5252−0.044%$1.1M$35.2M20x
ApeX Omni XRPUSDT+0.0100%1h1.5249−0.062%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5251−0.051%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5255−0.022%$50K$511K20xas long as short
Bullet XRP-USD+0.0100%1h1.5249−0.061%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5247−0.075%$78K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5238−0.133%$820K$74K10xas long as short
SunX XRP-USDTlong+0.0100%8h1.5258long leg$128K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.5243−0.101%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5256−0.018%$49.8M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5248−0.068%$54.5M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5250−0.054%$475K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5227−0.203%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5247−0.075%$59K$25K3xas long as short
01 Exchange XRPUSD+0.0112%1h1.5248−0.068%$9K$2K10xas long as short
Hibachi XRP/USDT-P+0.0120%1h1.5234−0.161%$17K$78K7xas long as short
Hyperliquid XRP+0.0160%1h1.5250−0.055%$290.9M$268.1M20xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5251−0.048%$5.7M$48.5M50xas long as short
Backpack XRP_USDC_PERP+0.0184%1h1.5252−0.042%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0204%8h1.5237−0.140%$1.8M$34.6M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5249−0.061%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5227−0.206%$23.7M$78.0M125xas long as short
RISEx XRP/USDC+0.0394%1h1.5256−0.013%$529K$804K10xas long as short
Phoenix XRP+0.0526%1h1.5260+0.010%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0645%1h1.5235−0.152%$2K$16K10xas long as short