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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.086%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.226% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days+0.059%+$6 · spread now −0.086%, 7d avg −0.033%
Together, before fees+0.148%+ Points / potential airdropExtended: Active · farm board+$15 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: Extended is 0.053% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XRPUSDT1.52980.0100pay 0.0100% / 8h4h 45m$361.4M$854.1M100x
ShortExtended XRP-USD1.52850.0104get 0.0013% / 1h45m 30s$2.2M$5.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
$0.84
Price spread: −0.086% → −0.033%
−$5.27
Slippage, 4 orders
−$6.6
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$27.03
Costs to cover
0.226%
Break-even
232.2 days
Slippage from Bybit: live order book, 2 min ago; Extended: 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 Bybit live order book, 2 min ago0.33 bp6.0 bp −$67.3 bp −$7313.5 bp −$1,34529.2 bp −$14.6K
Sell Extended live order book, 2 min ago2.29 bp5.6 bp −$67.1 bp −$71doesn't fitdoesn't fit

XRP on 51 exchanges

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%1h1.5360+0.405%$5K$2K20xas long as short
Kraken Futures PF_XRPUSD−0.0077%1h1.5282−0.105%$13.7M$68.5M50xas long as short
dYdX XRP-USD0.0000%1h1.5295−0.019%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5290−0.052%$68K$102K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5274−0.157%$7.6M$19.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5267−0.203%$242K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.713%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0064%1h1.5299+0.007%$9K$98710xas long as short
Hibachi XRP/USDT-P+0.0080%1h1.5294−0.024%$17K$68K7xas long as short
Lighter XRP+0.0096%1h1.5291−0.046%$2.7M$13.5M20xas long as short
Show all 51 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5292−0.039%$573K$3.1M20xas long as short
Coinbase International XRP-PERP-INTX+0.0096%1h1.5285−0.085%$5.5M$41.6M50xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5292−0.040%$477K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5286−0.078%$10K$412K20xas long as short
Nado XRP-PERP+0.0100%1h1.5295−0.016%$849K$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5302+0.026%$297.4M$261.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5294−0.026%$39.0M$79.5M100xas long as short
Pacifica XRP+0.0100%1h1.5295−0.023%$590K$978K20xas long as short
Binance XRPUSDT+0.0100%8h1.5295−0.020%$532.2M$2.02B100xas long as short
Bybit XRPUSDTlong+0.0100%8h1.5298long leg$361.4M$854.1M100x
OKX XRP-USDT-SWAP+0.0100%8h1.5296−0.013%$123.7M$817.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5259−0.255%$561K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5293−0.033%$161K$692K20xas long as short
Bulk XRP-USD+0.0100%1h1.5312+0.088%$1.6M$66K20xas long as short
Gate XRP_USDT+0.0100%8h1.5293−0.033%$375.8M$156.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5292−0.039%$316.9M$879.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5292−0.042%$104.0M$180.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5295−0.020%$269.7M$347.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5291−0.046%$94.9Mas long as short
Variational Omni XRP+0.0100%8h1.5263−0.231%$4.9M$37.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5240−0.377%$662K$105.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5289−0.059%$1.1M$32.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5262−0.235%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5295−0.019%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5299+0.007%$50K$471K20xas long as short
Bullet XRP-USD+0.0100%1h1.5276−0.144%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5268−0.196%$83K$602K50xas long as short
Derive XRP-PERP+0.0100%1h1.5270−0.186%$821K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5278−0.129%$128K$1.4M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5279−0.124%$30K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5265−0.219%$49.7M$13.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5282−0.105%$54.6M$33.2M50xas long as short
Extended XRP-USDshort+0.0104%1h1.5285−0.086%$2.2M$5.8M50x
Aevo XRP-PERP+0.0104%1h1.5263−0.232%$59K$25K3xas long as short
Kalshi KXXRPPERP+0.0109%8h1.5288−0.065%$1.9M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0157%1h1.5301+0.020%$2.0M$1.2M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5288−0.065%$23.8M$77.3M125xas long as short
Reya XRPRUSDPERP+0.0224%1h1.5290−0.054%$1.4M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0261% / S −0.0522%1h1.5275−0.147%$880K200xas long as short
RISEx XRP/USDC+0.0300%1h1.5297−0.004%$506K$723K10xas long as short
Aftermath Perps XRPUSD+0.0391%1h1.5284−0.092%$3K$13K10xas long as short