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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.115%
Price spread now: RISEx against SunX+0.083%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$570.567% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.331%+$33 on $10k
Price spread, last 4 days (all we have)+0.501%+$50 · spread now +0.083%, 7d avg +0.027%
Together, before fees+0.833%+$83 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.056% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XRP-USDT1.54300.0100pay 0.0100% / 8h6h 55m$130K$1.6M30x
ShortRISEx XRP/USDC1.54420.0272get 0.0034% / 1h55m 40s$516K$796K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$36.03
Price spread: +0.083% → +0.027%
$5.61
Slippage, 4 orders
−$42.66
Fee SunX: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$15.03
Costs to cover
0.567%
Break-even
9.9 days
Slippage from SunX: live order book, 10 min ago; RISEx: live order book, 38 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, 10 min ago10.81 bp28.5 bp −$2832.0 bp −$320doesn't fitdoesn't fit
Sell RISEx live order book, 38 min ago2.41 bp5.4 bp −$510.5 bp −$105doesn't fitdoesn't fit

XRP on 50 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%1h1.5445+0.099%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5378−0.337%$1.1M$155K10xas long as short
Phoenix XRP0.0000%1h1.5490+0.391%$70K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5432+0.015%$8.0M$22.1M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5479+0.317%$251K150xas long as short
Kraken Futures PF_XRPUSD+0.0015%1h1.5425−0.028%$14.1M$73.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+0.844%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0072%1h1.5438+0.056%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5387−0.276%$2.8M$14.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5384−0.296%$619K$3.1M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5438+0.054%$17K$378K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5373−0.371%$479K$51K50xas long as short
Nado XRP-PERP+0.0100%1h1.5435+0.038%$993K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5380−0.322%$39.1M$83.0M100xas long as short
Pacifica XRP+0.0100%1h1.5379−0.329%$608K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5375−0.354%$536.4M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5369−0.393%$357.7M$906.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5367−0.406%$126.2M$848.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5434+0.028%$567K$40K5xas long as short
Arcus XRP-USD+0.0100%1h1.5356−0.478%$166K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5425−0.033%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5402−0.180%$385.0M$155.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5372−0.374%$306.2M$896.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5384−0.294%$109.3M$180.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5358−0.465%$272.0M$361.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5359−0.458%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5429−0.001%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5462+0.209%$672K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5484+0.349%$1.1M$32.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5492+0.404%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5444+0.092%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5442+0.080%$53K$480K20xas long as short
Bullet XRP-USD+0.0100%1h1.5440+0.065%$42K$66K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5437+0.047%$78K$623K50xas long as short
SunX XRP-USDTlong+0.0100%8h1.5430long leg$130K$1.6M30x
SoDEX XRP-USD+0.0100%1h1.5426−0.024%$30K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5426−0.025%$50.3M$14.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5423−0.043%$54.8M$33.3M50xas long as short
Extended XRP-USD+0.0104%1h1.5400−0.193%$2.1M$5.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5441+0.071%$59K$25K3xas long as short
01 Exchange XRPUSD+0.0120%1h1.5440+0.067%$9K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0120%1h1.5427−0.017%$5.3M$45.8M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0145% / S −0.0112%1h1.5436+0.038%$827K200xas long as short
Kalshi KXXRPPERP+0.0170%8h1.5451+0.138%$1.7M$32.9M2.9xas long as short
Backpack XRP_USDC_PERP+0.0190%1h1.5428−0.011%$2.0M$1.3M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5443+0.086%$23.8M$79.4M125xas long as short
Reya XRPRUSDPERP+0.0222%1h1.5420−0.064%$1.4M$4K15xas long as short
Hyperliquid XRP+0.0243%1h1.5413−0.108%$297.8M$267.0M20xas long as short
RISEx XRP/USDCshort+0.0272%1h1.5442+0.083%$516K$796K10x
Aftermath Perps XRPUSD+0.0488%1h1.5458+0.184%$3K$15K10xas long as short