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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%
Price spread now: dYdX against Orderly+0.053%7-day average +0.010% · you sell dearer than you buy
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 7 days−0.106%−$11 on $10k
Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.053%, 7d avg +0.010%
Together, before fees−0.101%−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.044% dearer against Orderly than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.010%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XRP_USDC1.49360.0100pay 0.0100% / 8h2h 26m$61K$934K50x
ShortdYdX XRP-USD1.49440get 0.0000% / 1h26m 40s$1.1M$130K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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
−$21
Price spread: +0.053% → +0.010%
$4.37
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$32.63
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; dYdX: live order book, 2 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 Orderly no order-book sample
Sell dYdX live order book, 2 min ago18.99 bp24.0 bp −$2424.0 bp −$24041.9 bp −$4,193100.8 bp −$50.4K
Orderly: 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%1h1.4958+0.147%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.4943+0.047%$14.1M$75.2M50xas long as short
dYdX XRP-USDshort0.0000%1h1.4944+0.053%$1.1M$130K10x
Phoenix XRP0.0000%1h1.5010+0.495%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.4943+0.047%$7.6M$25.8M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.4937+0.005%$244K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+4.178%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.4935−0.005%$787K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.4960+0.161%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.4948+0.081%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.4950+0.094%$540K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.4940+0.027%$11K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.4948+0.084%$940K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.4960+0.161%$284.8M$261.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.4950+0.094%$38.1M$87.5M100xas long as short
Pacifica XRP+0.0100%1h1.4953+0.111%$598K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.4952+0.104%$523.3M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.4945+0.060%$339.8M$970.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.4953+0.114%$123.6M$880.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4932−0.027%$556K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.4964+0.187%$143K$733K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.609%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.4949+0.087%$365.7M$158.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.4948+0.080%$278.0M$917.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.4946+0.070%$104.4M$181.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.4954+0.121%$262.5M$398.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.4946+0.067%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5004+0.456%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5011+0.505%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5001+0.433%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5018+0.549%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.4957+0.137%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.4947+0.074%$51K$492K20xas long as short
Bullet XRP-USD+0.0100%1h1.4939+0.020%$41K$70K20xas long as short
Orderly PERP_XRP_USDClong+0.0100%8h1.4936long leg$61K$934K50x
Derive XRP-PERP+0.0100%1h1.4939+0.019%$804K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.4945+0.057%$125K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.4946+0.067%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.4938+0.012%$48.8M$15.9M75xas long as short
Phemex XRPUSDT+0.0100%8h1.4945+0.060%$53.3M$32.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.4957+0.142%$466K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.4939+0.021%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.4942+0.040%$57K$25K3xas long as short
Kalshi KXXRPPERP+0.0137%8h1.4956+0.134%$1.6M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0154%1h1.4950+0.094%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.4948+0.080%$5.5M$48.0M50xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.4967+0.209%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.49360.000%$1.3M$6K15xas long as short
BloFin XRP-USDT+0.0220%8h1.4939+0.020%$23.2M$76.1M125xas long as short
RISEx XRP/USDC+0.0305%1h1.4963+0.179%$510K$781K10xas long as short
Aftermath Perps XRPUSD+0.0633%1h1.5011+0.503%$2K$16K10xas long as short