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+0.0302%/8h= +33.1% APRnext payment +$0.38 per $10,000 · paid last 24h +0.148%
Price spread now: RISEx against gTrade (Gains Network)+0.007%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2802.797% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.406%+$41 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.007%, 7d avg +0.054%
Together, before fees+0.443%+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.047% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.054%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5174L +0.0003% / S −0.0004%pay 0.0000% / 1h7m 47s$246K150x
ShortRISEx XRP/USDC1.51750.0305get 0.0038% / 1h7m 47s$518K$790K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against gTrade (Gains Network). 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
$63.38
Price spread: +0.007% → +0.054%
−$4.69
Slippage, 4 orders
−$263.68
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$220.98
Costs to cover
2.797%
Break-even
31.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 min ago; RISEx: live order book, 41 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 gTrade (Gains Network) virtual book (oracle venue), 41 min ago130.02 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell RISEx live order book, 41 min ago1.82 bp4.8 bp −$58.7 bp −$87doesn'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%1h1.5161−0.085%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5173−0.003%$14.4M$74.9M50xas long as short
dYdX XRP-USD0.0000%1h1.5164−0.068%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5090−0.553%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5174long leg$246K150x
Injective XRP/USDC PERP+0.0033%1h1.5560+2.545%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0073% / S −0.0018%1h1.5173−0.003%$800K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5179+0.034%$7.8M$25.5M50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5172−0.013%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5166−0.050%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5169−0.032%$548K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5166−0.052%$11K$362K20xas long as short
Nado XRP-PERP+0.0100%1h1.5172−0.012%$1.0M$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5169−0.029%$38.5M$87.3M100xas long as short
Pacifica XRP+0.0100%1h1.5171−0.016%$603K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5162−0.080%$527.6M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5166−0.052%$344.9M$965.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5168−0.039%$126.5M$890.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5137−0.243%$563K$35K5xas long as short
Arcus XRP-USD+0.0100%1h1.5178+0.027%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5132−0.277%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5166−0.052%$374.3M$161.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5168−0.039%$298.5M$928.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5168−0.040%$107.3M$181.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5166−0.052%$266.7M$399.3M125xas long as short
BingX XRP-USDT+0.0100%8h1.5165−0.059%$106.0Mas long as short
Variational Omni XRP+0.0100%8h1.5143−0.205%$4.6M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5138−0.235%$657K$113.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5148−0.171%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5147−0.177%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5172−0.013%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5179+0.034%$52K$488K20xas long as short
Bullet XRP-USD+0.0100%1h1.5173−0.008%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5174+0.001%$62K$932K50xas long as short
Derive XRP-PERP+0.0100%1h1.5176+0.011%$817K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5177+0.021%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5172−0.013%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5160−0.093%$49.6M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5173−0.006%$54.1M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5177+0.018%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5161−0.084%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5173−0.005%$58K$25K3xas long as short
Hyperliquid XRP+0.0144%1h1.5180+0.043%$290.5M$263.5M20xas long as short
Hibachi XRP/USDT-P+0.0176%1h1.5161−0.085%$17K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5179+0.034%$5.7M$48.6M50xas long as short
Backpack XRP_USDC_PERP+0.0207%1h1.5183+0.060%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0217%8h1.5173−0.006%$1.7M$35.5M2.9xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5173−0.004%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5150−0.158%$23.2M$77.4M125xas long as short
RISEx XRP/USDCshort+0.0305%1h1.5175+0.007%$518K$790K10x
Aftermath Perps XRPUSD+0.0582%1h1.5130−0.287%$2K$16K10xas long as short