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+0.0163%/8h= +17.8% APRpaid last 24h −0.017%
Price spread now: edgeX against Kraken Futures+0.027%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.288% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.189%−$19 on $10k
Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.027%, 7d avg −0.017%
Together, before fees−0.256%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.044% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.189%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XRPUSD1.5253−0.0063get 0.0008% / 1h26m 46s$13.8M$69.7M50x
ShortedgeX XRPUSDC1.52570.0100get 0.0050% / 4h1h 26m$663K$107.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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
$34.16
Price spread: +0.027% → −0.017%
$4.36
Slippage, 4 orders
−$9.78
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$9.74
Costs to cover
0.288%
Break-even
5.0 days
Slippage from Kraken Futures: live order book, 5 min ago; edgeX: live order book, 5 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 Kraken Futures live order book, 5 min ago2.29 bp9.3 bp −$913.2 bp −$13223.9 bp −$2,38947.7 bp −$23.9K
Sell edgeX live order book, 5 min ago1.31 bp5.8 bp −$65.8 bp −$589.0 bp −$904doesn't fit

XRP on 50 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%1h1.5374+0.794%$5K$4K20xas long as short
01 Exchange XRPUSD−0.0072%1h1.5257+0.027%$9K$98710xas long as short
Kraken Futures PF_XRPUSDlong−0.0063%1h1.5253long leg$13.8M$69.7M50x
dYdX XRP-USD0.0000%1h1.5255+0.017%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5260+0.047%$68K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5253+0.001%$7.6M$20.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5258+0.035%$241K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.013%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5265+0.076%$17K$75K7xas long as short
Lighter XRP+0.0096%1h1.5253+0.003%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5241−0.078%$590K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5252−0.006%$476K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5253+0.001%$11K$406K20xas long as short
Nado XRP-PERP+0.0100%1h1.5254+0.011%$1.1M$5.8M20xas long as short
Hyperliquid XRP+0.0100%1h1.5255+0.014%$295.4M$267.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5247−0.039%$38.8M$80.2M100xas long as short
Pacifica XRP+0.0100%1h1.5255+0.011%$587K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5247−0.035%$529.5M$2.06B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5246−0.045%$357.7M$867.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5244−0.058%$123.7M$821.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5242−0.071%$560K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5262+0.060%$162K$696K20xas long as short
Gate XRP_USDT+0.0100%8h1.5248−0.032%$376.4M$159.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5249−0.025%$307.5M$901.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5249−0.025%$104.4M$181.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5241−0.078%$269.7M$353.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5248−0.032%$99.2Mas long as short
Variational Omni XRP+0.0100%8h1.5257+0.026%$4.9M$38.3Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5257+0.027%$663K$107.5M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5255+0.014%$1.1M$32.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5264+0.073%$1.2M$1.2M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5252−0.006%$52K$472K20xas long as short
Bullet XRP-USD+0.0100%1h1.5251−0.012%$41K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5250−0.019%$83K$601K50xas long as short
SunX XRP-USDT+0.0100%8h1.5252−0.009%$128K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5250−0.019%$32K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5245−0.050%$49.7M$13.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5252−0.006%$54.3M$33.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5287+0.220%$1.6M$32K20xas long as short
Vest XRP-PERP+0.0100%1h1.5254+0.006%$15K10xas long as short
Extended XRP-USD+0.0104%1h1.5244−0.056%$2.2M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5245−0.052%$59K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0106%1h1.5263+0.066%$2.0M$1.2M25xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5254+0.007%$5.5M$42.6M50xas long as short
Kalshi KXXRPPERP+0.0127%8h1.5265+0.079%$1.9M$35.4M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5254+0.007%$23.7M$77.5M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5245−0.054%$1.3M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0228% / S −0.0468%1h1.5251−0.010%$858K200xas long as short
RISEx XRP/USDC+0.0239%1h1.5261+0.055%$513K$726K10xas long as short
Aftermath Perps XRPUSD+0.0344%1h1.5263+0.066%$3K$13K10xas long as short