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 +0.108%
Price spread now: Hyperliquid against edgeX+0.046%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.276%+$28 on $10k
Price spread, last 7 days+0.019%+$2 · spread now +0.046%, 7d avg +0.077%
Together, before fees+0.295%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$29 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: Hyperliquid is 0.031% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.50130.0100pay 0.0050% / 4h2h 31m$652K$112.3M30x
ShortHyperliquid XRP1.50200.0100get 0.0013% / 1h31m 16s$287.4M$259.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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: +0.046% → +0.077%
−$3.13
Slippage, 4 orders
−$2.66
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$23.79
Costs to cover
0.207%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 min ago; Hyperliquid: live order book, 13 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 edgeX live order book, 3 min ago1.00 bp5.5 bp −$55.6 bp −$568.7 bp −$872doesn't fit
Sell Hyperliquid live order book, 13 min ago0.33 bp4.8 bp −$55.7 bp −$5710.5 bp −$1,045doesn'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%1h1.5013−0.001%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5007−0.038%$14.2M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.5021+0.050%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5030+0.112%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5009−0.028%$7.6M$25.7M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5006−0.051%$257K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.642%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5004−0.061%$786K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.5022+0.059%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5022+0.059%$2.8M$14.9M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5024+0.072%$494K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5012−0.008%$12K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5021+0.049%$914K$6.3M20xas long as short
Hyperliquid XRPshort+0.0100%1h1.5020+0.046%$287.4M$259.5M20x
Aster XRPUSDT+0.0100%8h1.5007−0.041%$38.3M$86.8M100xas long as short
Pacifica XRP+0.0100%1h1.5021+0.049%$602K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5008−0.034%$526.1M$2.20B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5009−0.028%$341.2M$959.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5007−0.041%$124.5M$889.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5033+0.132%$559K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5024+0.072%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.091%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.5008−0.034%$367.8M$157.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5009−0.028%$286.2M$913.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5013+0.002%$106.3M$180.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5005−0.054%$264.7M$396.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.5008−0.034%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5067+0.360%$4.7M$38.3Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5013long leg$652K$112.3M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5026+0.086%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5014+0.006%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5016+0.022%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5012−0.008%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5006−0.048%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5006−0.048%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5004−0.060%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5019+0.041%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5007−0.041%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5005−0.057%$49.0M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5008−0.034%$53.5M$31.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5022+0.062%$468K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5003−0.071%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5006−0.048%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0131%8h1.5034+0.139%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0169%1h1.5033+0.132%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5012−0.008%$5.6M$48.2M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5026+0.083%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5006−0.045%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5017+0.026%$23.4M$75.8M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5023+0.066%$512K$777K10xas long as short
Aftermath Perps XRPUSD+0.0604%1h1.5042+0.193%$2K$16K10xas long as short