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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bullet against Ondo Perps−0.165%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.165% cheaper against Ondo Perps than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.51750.0100pay 0.0013% / 1h36m 47s$563K$28K5x
ShortBullet XRP-USD1.51500.0100get 0.0013% / 1h36m 47s$41K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Ondo 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
$0
Price spread: −0.165% → 0.000%
−$16.47
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$29.47
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bullet: 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 Ondo Perps no order-book sample
Sell Bullet no order-book sample
Ondo Perps and Bullet: 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%1h1.5162−0.086%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5151−0.155%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5133−0.276%$1.1M$114K10xas long as short
Phoenix XRP0.0000%1h1.5150−0.165%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5148−0.177%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5151−0.158%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.537%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0040% / S +0.0029%1h1.5148−0.178%$788K200xas long as short
01 Exchange XRPUSD+0.0072%1h1.5156−0.125%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0081%8h1.5145−0.198%$62K$935K50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XRP+0.0096%1h1.5125−0.327%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5131−0.290%$509K$3.3M20xas long as short
Katana Perps XRP-USD+0.0097%8h1.5148−0.178%$9K$324K20xas long as short
Nado XRP-PERP+0.0100%1h1.5146−0.188%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5139−0.237%$281.1M$225.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5147−0.185%$38.3M$83.2M100xas long as short
Pacifica XRP+0.0100%1h1.5128−0.308%$607K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5123−0.340%$532.9M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5119−0.369%$344.2M$932.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5118−0.376%$125.8M$872.9M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5175long leg$563K$28K5x
Arcus XRP-USD+0.0100%1h1.5148−0.178%$110K$717K20xas long as short
Bulk XRP-USD+0.0100%1h1.5146−0.193%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5139−0.237%$369.6M$153.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5123−0.343%$288.8M$897.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5149−0.174%$107.9M$173.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5127−0.316%$267.4M$384.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5151−0.158%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5148−0.180%$5.4M$37.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5152−0.150%$658K$108.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5180+0.033%$1.1M$35.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5153−0.145%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5149−0.171%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5155−0.132%$44K$453K20xas long as short
Bullet XRP-USDshort+0.0100%1h1.5150−0.165%$41K$68K20x
Derive XRP-PERP+0.0100%1h1.5146−0.192%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5158−0.111%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5151−0.158%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5149−0.174%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5149−0.171%$54.0M$30.6M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5163−0.076%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5148−0.179%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5146−0.191%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0160%1h1.5162−0.089%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0165%1h1.5155−0.132%$1.9M$1.3M25xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5152−0.152%$5.6M$47.1M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5146−0.190%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5152−0.152%$24.1M$76.1M125xas long as short
Kalshi KXXRPPERP+0.0315%8h1.5156−0.125%$2.1M$34.5M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5158−0.111%$516K$779K10xas long as short
Aftermath Perps XRPUSD+0.0652%1h1.5157−0.119%$2K$15K10xas long as short