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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.085%
Price spread now: RISEx against Coinbase International+0.010%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.267% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.285%+$28 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.010%, 7d avg +0.022%
Together, before fees+0.359%+$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XRP-PERP-INTX1.51860.0176pay 0.0022% / 1h7m 22s$5.6M$48.0M50x
ShortRISEx XRP/USDC1.51870.0394get 0.0049% / 1h7m 22s$521K$798K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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
$45.85
Price spread: +0.010% → +0.022%
−$1.19
Slippage, 4 orders
−$10.73
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$17.92
Costs to cover
0.267%
Break-even
4.3 days
Slippage from Coinbase International: live order book, 2 min ago; RISEx: live order book, 31 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 Coinbase International live order book, 2 min ago0.33 bp7.1 bp −$710.1 bp −$10126.0 bp −$2,604doesn't fit
Sell RISEx live order book, 31 min ago2.90 bp5.9 bp −$610.6 bp −$106doesn't fitdoesn'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%1h1.5178−0.053%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5169−0.114%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5185−0.006%$247K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5184−0.013%$7.7M$24.0M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.463%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5182−0.027%$14.6M$73.6M50xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5186−0.002%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5182−0.029%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5184−0.013%$605K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5180−0.040%$20K$382K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5178−0.049%$999K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5176−0.066%$38.5M$86.1M100xas long as short
Pacifica XRP+0.0100%1h1.5171−0.101%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5179−0.048%$529.7M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5177−0.059%$349.9M$948.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5179−0.046%$127.4M$863.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5172−0.092%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5188+0.013%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5189+0.020%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5173−0.086%$377.8M$162.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5175−0.072%$309.8M$929.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5179−0.047%$106.7M$183.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5181−0.033%$269.0M$388.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5177−0.059%$107.8Mas long as short
Variational Omni XRP+0.0100%8h1.5163−0.154%$4.8M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5164−0.147%$660K$113.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5172−0.092%$1.1M$34.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5168−0.119%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5185−0.010%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5183−0.020%$52K$514K20xas long as short
Bullet XRP-USD+0.0100%1h1.5176−0.068%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5182−0.026%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5185−0.010%$817K$77K10xas long as short
SunX XRP-USDT+0.0100%8h1.5183−0.018%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5179−0.046%$29K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5178−0.049%$49.5M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5180−0.040%$54.1M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5175−0.071%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5173−0.086%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.51860.000%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5180−0.036%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0109% / S −0.0071%1h1.5172−0.089%$784K200xas long as short
Hyperliquid XRP+0.0143%1h1.5192+0.040%$290.0M$268.1M20xas long as short
Kalshi KXXRPPERP+0.0165%8h1.5182−0.026%$1.8M$33.7M2.9xas long as short
Coinbase International XRP-PERP-INTXlong+0.0176%1h1.5186long leg$5.6M$48.0M50x
Backpack XRP_USDC_PERP+0.0180%1h1.5188+0.013%$2.0M$1.4M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5179−0.046%$23.6M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5172−0.094%$1.3M$4K15xas long as short
RISEx XRP/USDCshort+0.0394%1h1.5187+0.010%$521K$798K10x
Phoenix XRP+0.0526%1h1.5170−0.105%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0574%1h1.5177−0.056%$2K$16K10xas long as short