Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.115%

Price spread now: Orderly against RISEx−0.022%7-day average −0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.359%−$36 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now −0.022%, 7d avg −0.056%

Together, before fees−0.510%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.034% dearer against RISEx than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.056%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5363	0.0300	pay 0.0037% / 1h	4m 00s	$508K	$684K	10x
Short	Orderly PERP_XRP_USDC	1.5360	0.0100	get 0.0100% / 8h	4h 04m	$83K	$570K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee RISExbpFee OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: −$41.97
Price spread: −0.022% → −0.056%: $3.41
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$50.56
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 38 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 38 min ago	1.73 bp	4.7 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5360	−0.022%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5364	+0.004%	$13.7M	$67.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5360	−0.025%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5365	+0.010%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5380	+0.108%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5364	+0.004%	$7.7M	$19.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5356	−0.049%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.280%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5360	−0.022%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5361	−0.015%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5364	+0.004%	$571K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5362	−0.009%	$5.5M	$40.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5363	−0.005%	$479K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5358	−0.035%	$12K	$451K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5358	−0.037%	$843K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5380	+0.108%	$298.9M	$261.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5369	+0.034%	$38.9M	$79.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5359	−0.029%	$591K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5371	+0.048%	$539.3M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5371	+0.049%	$361.5M	$843.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5371	+0.049%	$124.7M	$821.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5353	−0.068%	$566K	$43K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5363	−0.003%	$157K	$634K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5356	−0.049%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5371	+0.049%	$373.8M	$161.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5359	−0.029%	$313.9M	$900.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5367	+0.023%	$105.9M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5371	+0.049%	$271.2M	$343.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5365	+0.010%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5371	+0.050%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5430	+0.431%	$670K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5373	+0.062%	$1.1M	$32.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5375	+0.076%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	−0.020%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5358	−0.035%	$51K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5355	−0.055%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDCshort	+0.0100%	8h	1.5360	−0.022%	$83K	$570K	50x
Derive XRP-PERP	+0.0100%	1h	1.5362	−0.011%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5363	−0.005%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5355	−0.055%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5355	−0.057%	$50.0M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5357	−0.042%	$55.0M	$33.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5364	+0.002%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5356	−0.049%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5357	−0.041%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0171%	1h	1.5380	+0.108%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5364	+0.004%	$24.0M	$78.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5350	−0.084%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0285% / S −0.0235%	1h	1.5355	−0.053%	$1.2M	—	200x	as long as short
RISEx XRP/USDClong	+0.0300%	1h	1.5363	long leg	$508K	$684K	10x
Aftermath Perps XRPUSD	+0.0432%	1h	1.5392	+0.184%	$3K	$13K	10x	as long as short