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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: SoDEX against Extended+0.262%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+$9as in the Price arb table
costs, in and out, $10k−$150.146% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.020%−$2 on $10k
Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.262%, 7d avg +0.022%
Together, before fees−0.396%+ Points / potential airdropExtended: Active · farm board−$40 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: SoDEX is 0.240% dearer against Extended than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XRP-USD1.51630.0104pay 0.0013% / 1h42m 29s$2.0M$6.8M50x
ShortSoDEX XRP-USD1.52030.0100get 0.0013% / 1h42m 29s$29K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Extended. 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: +0.262% → +0.022%
$24.05
Slippage, 4 orders
−$1.62
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$8.59
Costs to cover
0.146%
Break-even
from the start
Slippage from Extended: live order book, 1 min ago; SoDEX: live order book, 1 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 Extended live order book, 1 min ago0.33 bp3.1 bp −$35.4 bp −$54doesn't fitdoesn't fit
Sell SoDEX live order book, 1 min ago0.33 bp4.3 bp −$46.8 bp −$68doesn'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%1h1.5203+0.262%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5180+0.111%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5198+0.229%$262K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5204+0.269%$7.8M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0021%1h1.5201+0.249%$14.4M$74.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.617%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0051% / S +0.0014%1h1.5200+0.243%$780K200xas long as short
Lighter XRP+0.0096%1h1.5182+0.122%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5185+0.143%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5171+0.051%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0099%8h1.5197+0.223%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5170+0.045%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5181+0.117%$38.3M$84.6M100xas long as short
Pacifica XRP+0.0100%1h1.5181+0.118%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5168+0.031%$532.9M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5167+0.025%$345.5M$942.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5168+0.031%$127.0M$885.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5193+0.196%$566K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5172+0.058%$118K$688K20xas long as short
Bulk XRP-USD+0.0100%1h1.5203+0.263%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5167+0.025%$370.6M$154.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5168+0.031%$291.7M$900.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5173+0.063%$108.8M$176.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5169+0.038%$268.7M$388.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5166+0.018%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5202+0.254%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5212+0.323%$661K$109.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5201+0.249%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5199+0.236%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5179+0.104%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5172+0.058%$45K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5168+0.029%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5204+0.266%$818K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5211+0.317%$128K$1.8M30xas long as short
SoDEX XRP-USDshort+0.0100%1h1.5203+0.262%$29K$1.7M10x
HTX XRP-USDT+0.0100%8h1.5201+0.251%$49.7M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5203+0.262%$54.2M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5168+0.032%$473K$55K50xas long as short
Extended XRP-USDlong+0.0104%1h1.5163long leg$2.0M$6.8M50x
Aevo XRP-PERP+0.0104%1h1.5200+0.241%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5176+0.084%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5209+0.302%$5.6M$47.6M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5169+0.039%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5206+0.282%$24.1M$76.1M125xas long as short
Hibachi XRP/USDT-P+0.0256%1h1.5210+0.307%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0296%8h1.5210+0.308%$2.0M$35.1M2.9xas long as short
Backpack XRP_USDC_PERP+0.0296%1h1.5215+0.341%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0308%1h1.5184+0.137%$292.1M$235.1M20xas long as short
RISEx XRP/USDC+0.0358%1h1.5174+0.070%$517K$774K10xas long as short
Phoenix XRP+0.0528%1h1.5210+0.308%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0664%1h1.5212+0.324%$2K$15K10xas long as short