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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.059%
Price spread now: GMX against dYdX−0.073%7-day average +0.021% · 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 3 days (all we have)−0.148%−$15 on $10k
Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.073%, 7d avg +0.021%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.095% cheaper against dYdX than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of +0.021%). If the spread goes back, that is −$9 on $10k: about 19 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.51520get 0.0000% / 1h10m 42s$1.1M$148K10x
ShortGMX XRP/USD [ETH-USDC]1.5141L +0.0072% / S −0.0017%get 0.0002% / 1h10m 42s$799K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$3.54
Price spread: −0.073% → +0.021%
−$9.46
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$27.91
Costs to cover
0.220%
Break-even
62.1 days
Slippage unknown: dYdX: live order book, 3 min ago; GMX: 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 dYdX live order book, 3 min ago23.20 bp31.9 bp −$3262.3 bp −$623140.0 bp −$14.0K296.8 bp −$148.4K
Sell GMX no order-book sample
GMX: 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%1h1.5099−0.347%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5149−0.014%$14.2M$74.6M50xas long as short
dYdX XRP-USDlong0.0000%1h1.5152long leg$1.1M$148K10x
Phoenix XRP0.0000%1h1.5090−0.406%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5143−0.058%$245K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.696%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]shortL +0.0072% / S −0.0017%1h1.5141−0.073%$799K200x
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5152+0.003%$7.8M$25.4M50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5145−0.043%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5154+0.016%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5155+0.023%$548K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5136−0.103%$10K$361K20xas long as short
Nado XRP-PERP+0.0100%1h1.5138−0.086%$983K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5155+0.023%$38.5M$87.2M100xas long as short
Pacifica XRP+0.0100%1h1.5143−0.058%$602K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5156+0.026%$527.4M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5152+0.003%$344.2M$966.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5153+0.009%$126.5M$887.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5137−0.096%$563K$35K5xas long as short
Arcus XRP-USD+0.0100%1h1.5148−0.024%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5132−0.130%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5149−0.017%$372.3M$161.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5148−0.024%$296.8M$926.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5146−0.039%$106.9M$181.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5150−0.010%$266.2M$398.8M125xas long as short
BingX XRP-USDT+0.0100%8h1.5150−0.010%$106.1Mas long as short
Variational Omni XRP+0.0100%8h1.5143−0.058%$4.6M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5116−0.232%$656K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5088−0.420%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5129−0.149%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5146−0.035%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5151−0.004%$51K$488K20xas long as short
Bullet XRP-USD+0.0100%1h1.5142−0.063%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5143−0.057%$62K$932K50xas long as short
Derive XRP-PERP+0.0100%1h1.5147−0.034%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5154+0.019%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5148−0.024%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5149−0.016%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5141−0.070%$53.9M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5152+0.003%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5141−0.069%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5145−0.046%$58K$25K3xas long as short
Hyperliquid XRP+0.0137%1h1.5166+0.095%$289.7M$262.7M20xas long as short
Hibachi XRP/USDT-P+0.0176%1h1.5130−0.142%$17K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5151−0.004%$5.7M$48.5M50xas long as short
Backpack XRP_USDC_PERP+0.0204%1h1.5155+0.023%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0213%8h1.5148−0.024%$1.7M$35.6M2.9xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5145−0.042%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5145−0.043%$23.2M$77.4M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5148−0.022%$520K$787K10xas long as short
Aftermath Perps XRPUSD+0.0591%1h1.5103−0.323%$2K$16K10xas long as short