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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.117%
Price spread now: RISEx against SoDEX−0.002%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$190.191% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.319%+$32 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.002%, 7d avg +0.057%
Together, before fees+0.476%+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.058% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.057%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.51930.0100pay 0.0013% / 1h57m 28s$28K$1.6M10x
ShortRISEx XRP/USDC1.51930.0394get 0.0049% / 1h57m 28s$528K$806K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against SoDEX. 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
$61.81
Price spread: −0.002% → +0.057%
−$5.82
Slippage, 4 orders
−$5.14
Fee SoDEX: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$36.85
Costs to cover
0.191%
Break-even
2.8 days
Slippage from SoDEX: live order book, 1 min ago; RISEx: live order book, 46 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 SoDEX live order book, 1 min ago0.33 bp4.3 bp −$47.3 bp −$73doesn't fitdoesn't fit
Sell RISEx live order book, 46 min ago2.24 bp5.2 bp −$511.3 bp −$113doesn't fitdoesn'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%1h1.5191−0.013%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5177−0.104%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5220+0.178%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5188−0.034%$246K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5196+0.020%$7.8M$24.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.416%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5191−0.015%$14.5M$74.3M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0094% / S −0.0051%1h1.5193−0.003%$784K200xas long as short
Lighter XRP+0.0096%1h1.5187−0.039%$2.8M$15.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5185−0.053%$545K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5174−0.125%$10K$370K20xas long as short
Nado XRP-PERP+0.0100%1h1.5187−0.036%$1.0M$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5190−0.020%$38.5M$87.3M100xas long as short
Pacifica XRP+0.0100%1h1.5186−0.046%$612K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5190−0.020%$532.1M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5189−0.026%$348.4M$959.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5180−0.086%$129.4M$881.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5196+0.020%$565K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5189−0.026%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5195+0.016%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5180−0.086%$378.5M$159.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5183−0.066%$311.4M$915.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5182−0.072%$107.1M$183.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5177−0.105%$268.4M$395.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5182−0.072%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5187−0.041%$4.8M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.51930.000%$660K$113.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5196+0.019%$1.1M$35.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5208+0.099%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5188−0.030%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5181−0.079%$50K$510K20xas long as short
Bullet XRP-USD+0.0100%1h1.5196+0.019%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5197+0.026%$75K$686K50xas long as short
Derive XRP-PERP+0.0100%1h1.5192−0.006%$817K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5194+0.004%$127K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5193long leg$28K$1.6M10x
HTX XRP-USDT+0.0100%8h1.5193+0.003%$49.6M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5196+0.020%$54.3M$32.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5187−0.042%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5176−0.110%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5192−0.006%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0123%1h1.5205+0.079%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0128%1h1.5193−0.003%$17K$79K7xas long as short
01 Exchange XRPUSD+0.0160%1h1.5185−0.053%$8K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5196+0.020%$5.6M$48.2M50xas long as short
Hyperliquid XRP+0.0177%1h1.5194+0.007%$289.7M$267.3M20xas long as short
Kalshi KXXRPPERP+0.0213%8h1.5197+0.026%$1.8M$34.7M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5178−0.098%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.51930.000%$23.7M$77.9M125xas long as short
RISEx XRP/USDCshort+0.0394%1h1.5193−0.002%$528K$806K10x
Aftermath Perps XRPUSD+0.0691%1h1.5205+0.077%$2K$16K10xas long as short