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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.01 per $10,000 · paid last 24h −0.009%
Price spread now: Derive against 01 Exchange−0.061%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Derive is 0.061% cheaper against 01 Exchange than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XRPUSD1.51510.0112pay 0.0014% / 1h59m 20s$8K$8K10x
ShortDerive XRP-PERP1.51420.0100get 0.0013% / 1h59m 20s$815K$72K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against 01 Exchange. 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
−$2.52
Price spread: −0.061% → 0.000%
−$6.15
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
−$21.67
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Derive no order-book sample
01 Exchange and Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1.5159+0.053%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5160+0.060%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.5150−0.007%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5143−0.053%$7.7M$25.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5137−0.093%$253K150xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5136−0.097%$14.3M$73.9M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.699%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0047% / S +0.0018%1h1.5137−0.094%$789K200xas long as short
Orderly PERP_XRP_USDC+0.0095%8h1.5139−0.079%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5142−0.059%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5160+0.059%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5145−0.040%$10K$331K20xas long as short
Nado XRP-PERP+0.0100%1h1.5142−0.061%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.51510.000%$280.4M$228.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5155+0.027%$38.3M$83.8M100xas long as short
Pacifica XRP+0.0100%1h1.5161+0.066%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5138−0.086%$532.5M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5141−0.066%$346.4M$938.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5143−0.053%$127.2M$876.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5138−0.086%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5155+0.026%$117K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5114−0.244%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5140−0.073%$370.0M$152.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5141−0.066%$292.7M$895.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5152+0.010%$107.9M$175.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5140−0.073%$268.1M$386.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5150−0.007%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5154+0.019%$4.8M$38.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5150−0.006%$658K$108.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5140−0.072%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5143−0.053%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5147−0.029%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5150−0.007%$44K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5140−0.074%$41K$67K20xas long as short
Derive XRP-PERPshort+0.0100%1h1.5142−0.061%$815K$72K10x
SunX XRP-USDT+0.0100%8h1.5163+0.080%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5138−0.086%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5156+0.036%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5140−0.073%$53.9M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5162+0.070%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5136−0.097%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5138−0.086%$58K$25K3xas long as short
01 Exchange XRPUSDlong+0.0112%1h1.5151long leg$8K$8K10x
Coinbase International XRP-PERP-INTX+0.0184%1h1.5145−0.040%$5.6M$47.1M50xas long as short
Backpack XRP_USDC_PERP+0.0195%1h1.5162+0.073%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5157+0.043%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5137−0.091%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5144−0.046%$24.2M$76.1M125xas long as short
Kalshi KXXRPPERP+0.0314%8h1.5163+0.079%$2.0M$34.9M2.9xas long as short
RISEx XRP/USDC+0.0358%1h1.5156+0.033%$516K$773K10xas long as short
Aftermath Perps XRPUSD+0.0677%1h1.5147−0.027%$2K$15K10xas long as short