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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.055%
Price spread now: Extended against Hotstuff−0.219%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Extended: Active · farm boardneeds both histories
Funding pays, the price is against you. Extended is 0.219% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.219% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 4.0 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff XRP-PERP1.5222−0.0080get 0.0010% / 1h41m 20s$5K$3K20x
ShortExtended XRP-USD1.51890.0104get 0.0013% / 1h41m 20s$2.1M$6.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hotstuff. 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
$38.64
Price spread: −0.219% → 0.000%
−$21.92
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$6.72
Costs to cover
0.100%
Break-even
5.8 days
Slippage unknown: Hotstuff: no order-book sample; Extended: live order book, 3 min ago. 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 Hotstuff no order-book sample
Sell Extended live order book, 3 min ago0.33 bp3.2 bp −$36.0 bp −$60doesn't fitdoesn't fit
Hotstuff: 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
Kraken Futures PF_XRPUSD−0.0172%1h1.5193−0.188%$14.7M$75.5M50xas long as short
Hotstuff XRP-PERPlong−0.0080%1h1.5222long leg$5K$3K20x
dYdX XRP-USD0.0000%1h1.5208−0.091%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5230+0.053%$68K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5198−0.158%$7.7M$23.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5190−0.213%$247K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.220%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0072%1h1.5214−0.054%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5194−0.182%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5196−0.171%$620K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5195−0.177%$20K$380K20xas long as short
Nado XRP-PERP+0.0100%1h1.5203−0.122%$994K$6.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5196−0.169%$38.5M$84.7M100xas long as short
Pacifica XRP+0.0100%1h1.5204−0.118%$612K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5189−0.216%$529.8M$2.18B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5193−0.191%$354.6M$945.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5192−0.197%$126.8M$855.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5204−0.118%$566K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5206−0.105%$143K$709K20xas long as short
Bulk XRP-USD+0.0100%1h1.5227+0.036%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5197−0.164%$374.7M$152.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5198−0.158%$312.1M$913.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5198−0.160%$106.5M$183.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5192−0.197%$269.2M$383.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5198−0.158%$108.8Mas long as short
Variational Omni XRP+0.0100%8h1.5218−0.026%$4.8M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5218−0.029%$661K$113.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5210−0.079%$1.1M$33.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5223+0.007%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5206−0.107%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5200−0.145%$52K$512K20xas long as short
Bullet XRP-USD+0.0100%1h1.5198−0.155%$41K$68K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5196−0.171%$77K$648K50xas long as short
Derive XRP-PERP+0.0100%1h1.5210−0.079%$818K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5202−0.129%$128K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5193−0.191%$29K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5206−0.106%$49.6M$15.2M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5193−0.191%$54.3M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5207−0.101%$474K$54K50xas long as short
Extended XRP-USDshort+0.0104%1h1.5189−0.219%$2.1M$6.8M50x
Aevo XRP-PERP+0.0104%1h1.5192−0.194%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0116% / S −0.0080%1h1.5213−0.061%$789K200xas long as short
01 Exchange XRPUSD+0.0128%1h1.5200−0.145%$8K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0160%1h1.5200−0.145%$5.6M$47.7M50xas long as short
Kalshi KXXRPPERP+0.0174%8h1.5202−0.131%$1.7M$33.3M2.9xas long as short
Hyperliquid XRP+0.0179%1h1.5212−0.068%$290.5M$267.9M20xas long as short
BloFin XRP-USDT+0.0220%8h1.5194−0.184%$23.6M$77.9M125xas long as short
Reya XRPRUSDPERP+0.0221%1h1.5195−0.175%$1.3M$4K15xas long as short
Backpack XRP_USDC_PERP+0.0243%1h1.5215−0.046%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0337%1h1.5202−0.129%$522K$798K10xas long as short
Aftermath Perps XRPUSD+0.0549%1h1.5212−0.065%$3K$16K10xas long as short