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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Katana Perps−0.106%7-day average +0.026% · 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)+0.144%+$14 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.106%, 7d avg +0.026%
Together, before fees+0.188%+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.132% cheaper against Katana Perps than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.026%). If the spread goes back, that is −$13 on $10k: about 3.6 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps XRP-USD1.51590.0099pay 0.0099% / 8h34m 06s$20K$380K20x
ShortBloFin XRP-USDT1.51430.0220get 0.0220% / 8h34m 06s$23.6M$77.6M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Katana Perps. 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
$25.36
Price spread: −0.106% → +0.026%
−$13.18
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$3.62
Costs to cover
0.158%
Break-even
8.0 days
Slippage unknown: Katana Perps: no order-book sample; BloFin: live order book, 5 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 Katana Perps no order-book sample
Sell BloFin live order book, 5 min ago0.33 bp6.3 bp −$66.9 bp −$6911.1 bp −$1,10917.9 bp −$8,938
Katana Perps: 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
Hotstuff XRP-PERP−0.0080%1h1.5138−0.139%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5131−0.185%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5167+0.052%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5165+0.040%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.645%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5160+0.009%$14.6M$73.9M50xas long as short
Lighter XRP+0.0096%1h1.5162+0.022%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5160+0.007%$603K$3.2M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5171+0.079%$8K$2K10xas long as short
Katana Perps XRP-USDlong+0.0099%8h1.5159long leg$20K$380K20x
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5165+0.043%$1.0M$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5162+0.019%$38.4M$86.8M100xas long as short
Pacifica XRP+0.0100%1h1.5136−0.149%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5165+0.040%$530.6M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5164+0.033%$349.5M$956.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5170+0.073%$127.9M$869.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5179+0.132%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5170+0.073%$143K$716K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.204%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5156−0.020%$377.4M$161.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5156−0.020%$308.9M$923.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5160+0.007%$106.2M$184.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5153−0.040%$267.8M$390.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5153−0.040%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5150−0.062%$4.9M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5179+0.132%$659K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5210+0.336%$1.1M$35.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5181+0.145%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5162+0.019%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5172+0.086%$52K$513K20xas long as short
Bullet XRP-USD+0.0100%1h1.5169+0.066%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5161+0.013%$77K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5140−0.125%$814K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5162+0.018%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5160+0.007%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5168+0.058%$49.5M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5157−0.013%$54.1M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5135−0.159%$472K$55K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0102% / S −0.0062%1h1.5155−0.027%$783K200xas long as short
Extended XRP-USD+0.0104%1h1.5156−0.018%$2.1M$6.9M50xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5169+0.065%$17K$78K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5156−0.016%$58K$25K3xas long as short
Hyperliquid XRP+0.0124%1h1.5168+0.062%$289.4M$267.9M20xas long as short
Backpack XRP_USDC_PERP+0.0144%1h1.5167+0.053%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5158−0.007%$5.6M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0188%8h1.5169+0.066%$1.8M$34.4M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5164+0.034%$1.3M$4K15xas long as short
BloFin XRP-USDTshort+0.0220%8h1.5143−0.106%$23.6M$77.6M125x
RISEx XRP/USDC+0.0394%1h1.5170+0.072%$521K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5230+0.468%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0647%1h1.5188+0.194%$2K$16K10xas long as short