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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.147%
Price spread now: edgeX against RISEx−0.304%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$190.190% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.460%−$46 on $10k
Price spread, last 4 days (all we have)+0.554%+$55 · spread now −0.304%, 7d avg −0.047%
Together, before fees+0.094%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and edgeX is 0.257% cheaper against RISEx than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.51390.0456pay 0.0057% / 1h34m 53s$536K$783K10x
ShortedgeX XRPUSDC1.50930.0100get 0.0050% / 4h2h 34m$655K$108.6M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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
−$74.83
Price spread: −0.304% → −0.047%
−$25.69
Slippage, 4 orders
−$4.01
Fee RISEx: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$119.53
Costs to cover
0.190%
Break-even
never at this rate
Slippage from RISEx: live order book, 34 min ago; edgeX: live order book, 4 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 RISEx live order book, 34 min ago1.01 bp4.0 bp −$48.9 bp −$89doesn't fitdoesn't fit
Sell edgeX live order book, 4 min ago1.00 bp5.5 bp −$55.8 bp −$5811.9 bp −$1,192doesn't fit

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%1h1.5135−0.026%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5124−0.099%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5100−0.257%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5123−0.103%$252K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0019% / S +0.0062%1h1.5122−0.115%$801K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.781%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5127−0.079%$14.6M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0071%8h1.5133−0.039%$58K$949K50xas long as short
Lighter XRP+0.0096%1h1.5132−0.046%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5134−0.033%$517K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5127−0.079%$11K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5136−0.016%$806K$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.51390.000%$38.5M$84.4M100xas long as short
Pacifica XRP+0.0100%1h1.5134−0.035%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5141+0.013%$537.7M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.51390.000%$340.3M$942.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5146+0.046%$123.7M$872.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5069−0.462%$561K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5138−0.006%$115K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5101−0.251%$1.6M$307K20xas long as short
Gate XRP_USDT+0.0100%8h1.5136−0.020%$367.3M$151.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5135−0.026%$291.6M$907.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5137−0.014%$106.7M$172.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5144+0.033%$265.9M$385.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5138−0.006%$127.5Mas long as short
Variational Omni XRP+0.0100%8h1.5126−0.085%$6.2M$35.8Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5093−0.304%$655K$108.6M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5084−0.365%$1.1M$38.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5107−0.211%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5133−0.037%$12K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5135−0.026%$45K$446K20xas long as short
Bullet XRP-USD+0.0100%1h1.5132−0.048%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5135−0.028%$814K$79K10xas long as short
SunX XRP-USDT+0.0100%8h1.5143+0.027%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5132−0.046%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5130−0.061%$49.6M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5131−0.053%$53.8M$29.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5132−0.044%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5135−0.029%$2.0M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5130−0.063%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0144%1h1.5136−0.020%$8K$8K10xas long as short
Hyperliquid XRP+0.0208%1h1.5142+0.020%$280.7M$221.9M20xas long as short
Deribit XRP_USDC-PERPETUAL+0.0213%1h1.5134−0.033%$7.6M$25.3M50xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5131−0.050%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5134−0.033%$5.7M$46.6M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5193+0.357%$24.0M$75.2M125xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5094−0.298%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0342%8h1.5137−0.013%$2.1M$36.1M2.9xas long as short
Backpack XRP_USDC_PERP+0.0344%1h1.5144+0.033%$1.9M$1.3M25xas long as short
RISEx XRP/USDClong+0.0456%1h1.5139long leg$536K$783K10x
Aftermath Perps XRPUSD+0.0799%1h1.5121−0.118%$2K$14K10xas long as short