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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0033%/8h= −3.6% APRnext payment $0.04 per $10,000 · paid last 24h +0.025%
Price spread now: 01 Exchange against Injective−1.446%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 feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 1.446% cheaper against Injective than usual: you would sell low and buy high (−$145 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XRP/USDC PERP1.55600.0033pay 0.0004% / 1h2m 56s$2K$107K30x
Short01 Exchange XRPUSD1.53350get 0.0000% / 1h2m 56s$9K$98710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Injective. 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
−$7
Price spread: −1.446% → 0.000%
−$144.6
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$158.62
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Injective: live order book, 43 min ago; 01 Exchange: 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 Injective live order book, 43 min ago29.33 bp29.3 bp −$2938.0 bp −$380doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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 exchanges

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%1h1.5387−1.112%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5330−1.477%$13.8M$69.3M50xas long as short
dYdX XRP-USD0.0000%1h1.5327−1.501%$1.1M$154K10xas long as short
01 Exchange XRPUSDshort0.0000%1h1.5335−1.446%$9K$98710x
Phoenix XRP0.0000%1h1.5330−1.478%$69K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5336−1.440%$7.7M$20.1M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5325−1.511%$242K150xas long as short
Injective XRP/USDC PERPlong+0.0033%1h1.5560long leg$2K$107K30x
Hibachi XRP/USDT-P+0.0080%1h1.5322−1.528%$17K$70K7xas long as short
Lighter XRP+0.0096%1h1.5332−1.463%$2.8M$14.2M20xas long as short
Show all 51 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5335−1.446%$599K$3.2M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5329−1.488%$478K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5325−1.510%$10K$410K20xas long as short
Nado XRP-PERP+0.0100%1h1.5324−1.520%$838K$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5339−1.420%$297.5M$264.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5326−1.504%$38.9M$79.9M100xas long as short
Pacifica XRP+0.0100%1h1.5328−1.491%$589K$987K20xas long as short
Binance XRPUSDT+0.0100%8h1.5326−1.504%$533.3M$2.04B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5325−1.510%$361.3M$859.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5325−1.510%$124.1M$823.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5313−1.587%$562K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5331−1.472%$163K$694K20xas long as short
Gate XRP_USDT+0.0100%8h1.5327−1.497%$378.1M$161.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5325−1.510%$317.7M$909.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5326−1.505%$105.0M$180.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5326−1.504%$271.4M$349.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5323−1.523%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5324−1.514%$4.9M$38.0Mas long as short
edgeX XRPUSDC+0.0100%4h1.5321−1.536%$667K$107.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5326−1.507%$1.1M$32.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5330−1.478%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5329−1.483%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5332−1.465%$52K$470K20xas long as short
Bullet XRP-USD+0.0100%1h1.5330−1.480%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5333−1.459%$83K$601K50xas long as short
Derive XRP-PERP+0.0100%1h1.5303−1.652%$823K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5332−1.467%$129K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5330−1.478%$32K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5318−1.553%$49.9M$13.2M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5329−1.485%$54.7M$33.2M50xas long as short
Bulk XRP-USD+0.0100%1h1.5324−1.513%$1.6M$66K20xas long as short
Extended XRP-USD+0.0104%1h1.5320−1.540%$2.2M$6.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5328−1.489%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5336−1.440%$5.4M$42.6M50xas long as short
Kalshi KXXRPPERP+0.0116%8h1.5335−1.446%$1.9M$35.4M2.9xas long as short
Backpack XRP_USDC_PERP+0.0161%1h1.5337−1.433%$2.0M$1.2M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5325−1.510%$23.7M$77.6M125xas long as short
Reya XRPRUSDPERP+0.0224%1h1.5324−1.519%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5329−1.486%$507K$723K10xas long as short
GMX XRP/USD [ETH-USDC]L +0.0245% / S −0.0472%1h1.5328−1.492%$886K200xas long as short
Aftermath Perps XRPUSD+0.0371%1h1.5314−1.579%$3K$13K10xas long as short