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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Bulk−0.151%7-day average −0.016% · 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)−0.006%−$1 on $10k
Price spread, last 7 days+0.143%+$14 · spread now −0.151%, 7d avg −0.016%
Together, before fees+0.137%+ Points / potential airdropVariational Omni: 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: Variational Omni is 0.135% cheaper against Bulk than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk XRP-USD1.50270.0100pay 0.0013% / 1h29m 39s$1.6M$4K20x
ShortVariational Omni XRP1.50040.0100get 0.0100% / 8h2h 29m$4.7M$38.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bulk. 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: −0.151% → −0.016%
−$13.53
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$20.53
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Bulk: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. 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 Bulk live order book, 4 min ago0.33 bp3.8 bp −$44.2 bp −$427.5 bp −$75522.0 bp −$11.0K
Sell Variational Omni RFQ quote, 5 min ago2.03 bpdoesn't fit4.0 bp −$4024.5 bp −$2,453doesn'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%1h1.5007−0.132%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5010−0.110%$14.2M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.5003−0.156%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5030+0.021%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5004−0.150%$257K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0017%1h1.5010−0.112%$7.6M$25.7M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.548%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5005−0.149%$785K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.5023−0.026%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5009−0.120%$2.8M$14.9M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5010−0.112%$494K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5022−0.033%$12K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5025−0.012%$911K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5020−0.044%$287.4M$259.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5015−0.079%$38.3M$87.0M100xas long as short
Pacifica XRP+0.0100%1h1.5011−0.106%$600K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5017−0.065%$525.6M$2.20B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5014−0.086%$340.2M$961.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5017−0.066%$124.7M$889.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5006−0.139%$559K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5025−0.013%$143K$723K20xas long as short
Bulk XRP-USDlong+0.0100%1h1.5027long leg$1.6M$4K20x
Gate XRP_USDT+0.0100%8h1.5016−0.073%$368.0M$158.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5008−0.126%$288.3M$914.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5009−0.120%$106.1M$180.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5015−0.079%$265.0M$397.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5015−0.079%$105.9Mas long as short
Variational Omni XRPshort+0.0100%8h1.5004−0.151%$4.7M$38.3M
edgeX XRPUSDC+0.0100%4h1.5013−0.091%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5011−0.104%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5014−0.086%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5018−0.061%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5011−0.106%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5009−0.119%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5007−0.132%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5004−0.155%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5013−0.090%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5008−0.126%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5010−0.113%$49.0M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5012−0.099%$53.5M$31.9M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5010−0.114%$468K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5009−0.116%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5006−0.136%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0133%8h1.5014−0.086%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0164%1h1.5020−0.046%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5015−0.079%$5.6M$48.2M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5026−0.009%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5005−0.143%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5001−0.172%$23.3M$75.8M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5028+0.008%$513K$779K10xas long as short
Aftermath Perps XRPUSD+0.0601%1h1.5035+0.057%$2K$16K10xas long as short