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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0348%/8h= −38.1% APRnext payment $0.43 per $10,000 · paid last 24h −0.149%
Price spread now: gTrade (Gains Network) against RISEx−0.022%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2792.789% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.398%−$40 on $10k
Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.022%, 7d avg −0.050%
Together, before fees−0.422%−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.028% dearer against RISEx than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.050%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.51500.0352pay 0.0044% / 1h11m 54s$516K$773K10x
ShortgTrade (Gains Network) XRP/USD1.5147L +0.0003% / S −0.0004%get 0.0001% / 1h11m 54s$253K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$73.06
Price spread: −0.022% → −0.050%
$2.82
Slippage, 4 orders
−$262.91
Fee RISEx: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$349.15
Costs to cover
2.789%
Break-even
never at this rate
Slippage from RISEx: live order book, 47 min ago; gTrade (Gains Network): virtual book (oracle venue), 47 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, 47 min ago1.42 bp4.4 bp −$49.2 bp −$92doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 47 min ago130.03 bp135.0 bp −$135193.2 bp −$1,9321958.1 bp −$195.8Kdoesn'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%1h1.5141−0.062%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5147−0.022%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5136−0.095%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.5150−0.002%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDshortL +0.0003% / S −0.0004%1h1.5147−0.022%$253K150x
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5150−0.002%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.704%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0045% / S +0.0022%1h1.5145−0.033%$790K200xas long as short
Orderly PERP_XRP_USDC+0.0090%8h1.5146−0.029%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5151+0.008%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5152+0.011%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5141−0.062%$11K$329K20xas long as short
Nado XRP-PERP+0.0100%1h1.5135−0.098%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5156+0.037%$280.4M$227.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5148−0.016%$38.3M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5141−0.064%$607K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5144−0.044%$533.6M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5146−0.029%$346.8M$935.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5150−0.002%$126.5M$874.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5142−0.055%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5148−0.016%$110K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5130−0.131%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5145−0.035%$369.2M$154.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5144−0.042%$293.3M$902.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5148−0.019%$107.8M$175.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5143−0.049%$268.0M$384.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5139−0.075%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5137−0.089%$5.2M$37.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5141−0.060%$658K$108.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5137−0.091%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5155+0.031%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5144−0.041%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5146−0.029%$44K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5148−0.018%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5149−0.010%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.51500.000%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5148−0.016%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5144−0.040%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5149−0.009%$54.0M$30.9M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5141−0.062%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5142−0.053%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5145−0.034%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0112%1h1.5149−0.009%$8K$8K10xas long as short
Backpack XRP_USDC_PERP+0.0186%1h1.5158+0.050%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5150−0.002%$5.6M$47.0M50xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.5144−0.044%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5145−0.035%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5142−0.055%$24.2M$76.0M125xas long as short
Kalshi KXXRPPERP+0.0314%8h1.5144−0.042%$2.1M$34.7M2.9xas long as short
RISEx XRP/USDClong+0.0352%1h1.5150long leg$516K$773K10x
Aftermath Perps XRPUSD+0.0680%1h1.5155+0.029%$2K$15K10xas long as short