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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%
Price spread now: Extended against dYdX+0.021%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$570.569% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.222%+$22 on $10k
Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.021%, 7d avg −0.030%
Together, before fees+0.141%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.051% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.55290get 0.0000% / 1h41m 32s$1.1M$113K10x
ShortExtended XRP-USD1.55330.0104get 0.0013% / 1h41m 32s$2.1M$7.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against dYdX. 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
$21.84
Price spread: +0.021% → −0.030%
$5.11
Slippage, 4 orders
−$41.92
Fee dYdX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$29.98
Costs to cover
0.569%
Break-even
16.6 days
Slippage from dYdX: live order book, 3 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 dYdX live order book, 3 min ago20.53 bp25.7 bp −$2626.7 bp −$26730.7 bp −$3,07482.7 bp −$41.3K
Sell Extended live order book, 2 min ago0.32 bp2.8 bp −$34.7 bp −$47doesn'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%1h1.5532+0.017%$7K$2K20xas long as short
dYdX XRP-USDlong0.0000%1h1.5529long leg$1.1M$113K10x
Phoenix XRP0.0000%1h1.5620+0.584%$70K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5523−0.041%$9.6M$25.4M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5523−0.039%$260K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0006% / S +0.0104%1h1.5522−0.045%$854K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5526−0.019%$15.5M$68.7M50xas long as short
Orderly PERP_XRP_USDC+0.0057%8h1.5524−0.035%$76K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+0.197%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5541+0.074%$3.0M$12.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5542+0.081%$443K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5522−0.044%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5537+0.049%$39.5M$80.4M100xas long as short
Pacifica XRP+0.0100%1h1.5538+0.058%$639K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5528−0.010%$556.1M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5524−0.035%$346.7M$917.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5522−0.048%$126.9M$887.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5546+0.107%$578K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5534+0.030%$117K$754K20xas long as short
Bulk XRP-USD+0.0100%1h1.5633+0.668%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5533+0.023%$374.0M$144.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5532+0.017%$298.4M$870.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5538+0.056%$113.1M$163.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5530+0.004%$271.5M$370.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5532+0.017%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5624+0.606%$11.7M$30.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5600+0.457%$677K$103.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5556+0.171%$1.1M$40.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5597+0.435%$1.0M$899K50xas long as short
Vest XRP-PERP+0.0100%1h1.5537+0.048%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5532+0.017%$48K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5526−0.022%$42K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5524−0.032%$836K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5529−0.005%$130K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5523−0.041%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5533+0.022%$51.0M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5527−0.015%$55.2M$29.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5539+0.061%$484K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5531+0.010%$13K$267K20xas long as short
Extended XRP-USDshort+0.0104%1h1.5533+0.021%$2.1M$7.1M50x
Aevo XRP-PERP+0.0104%1h1.5522−0.048%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5531+0.010%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5526−0.024%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5553+0.152%$24.5M$74.5M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5532+0.017%$5.9M$47.6M50xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5587+0.371%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5543+0.088%$2.0M$33.9M2.9xas long as short
Backpack XRP_USDC_PERP+0.0345%1h1.5538+0.056%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0620%1h1.5557+0.178%$296.1M$209.3M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5539+0.062%$505K$632K10xas long as short
Aftermath Perps XRPUSD+0.0810%1h1.5587+0.371%$1K$11K10xas long as short