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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h 0.000%
Price spread now: SunX against SoDEX+0.028%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$550.552% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.028%, 7d avg +0.031%
Together, before fees+0.003%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.52830.0068pay 0.0008% / 1h44m 46s$29K$1.5M10x
ShortSunX XRP-USDT1.52870.0100get 0.0100% / 8h5h 44m$128K$1.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$6.72
Price spread: +0.028% → +0.031%
−$0.24
Slippage, 4 orders
−$39.16
Fee SoDEX: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$48.68
Costs to cover
0.552%
Break-even
57.7 days
Slippage from SoDEX: live order book, 2 min ago; SunX: 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 SoDEX live order book, 2 min ago0.33 bp4.3 bp −$47.6 bp −$76doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago17.58 bp24.3 bp −$2436.1 bp −$361doesn't fitdoesn't fit

XRP on 50 exchanges

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%1h1.5356+0.478%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0063%1h1.5288+0.030%$13.9M$70.3M50xas long as short
dYdX XRP-USD0.0000%1h1.5277−0.041%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5340+0.373%$69K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5287+0.026%$7.8M$21.2M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5286+0.020%$242K150xas long as short
01 Exchange XRPUSD+0.0008%1h1.5291+0.052%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.812%$2K$107K30xas long as short
SoDEX XRP-USDlong+0.0068%1h1.5283long leg$29K$1.5M10x
Lighter XRP+0.0096%1h1.5279−0.028%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5282−0.007%$597K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5281−0.012%$477K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5276−0.046%$10K$399K20xas long as short
Nado XRP-PERP+0.0100%1h1.5284+0.010%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5290+0.046%$297.6M$267.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5280−0.020%$39.2M$81.4M100xas long as short
Pacifica XRP+0.0100%1h1.5281−0.010%$590K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5279−0.027%$532.6M$2.08B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5282−0.007%$360.4M$887.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5279−0.026%$124.4M$832.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5279−0.026%$562K$36K5xas long as short
Arcus XRP-USD+0.0100%1h1.5286+0.020%$164K$682K20xas long as short
Bulk XRP-USD+0.0100%1h1.5314+0.204%$1.6M$26K20xas long as short
Gate XRP_USDT+0.0100%8h1.5281−0.013%$379.6M$156.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5279−0.026%$310.7M$892.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5280−0.021%$105.1M$181.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5279−0.026%$271.0M$356.3M125xas long as short
BingX XRP-USDT+0.0100%8h1.5280−0.020%$99.5Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5298+0.098%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5309+0.167%$5.0M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5313+0.199%$665K$109.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5321+0.246%$1.1M$30.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5317+0.222%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5291+0.052%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5284+0.007%$52K$474K20xas long as short
Bullet XRP-USD+0.0100%1h1.5283−0.001%$41K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.52830.000%$83K$613K50xas long as short
SunX XRP-USDTshort+0.0100%8h1.5287+0.028%$128K$1.5M30x
HTX XRP-USDT+0.0100%8h1.5284+0.008%$49.8M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5289+0.039%$54.5M$33.3M50xas long as short
Extended XRP-USD+0.0104%1h1.5273−0.062%$2.2M$6.1M50xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5313+0.194%$17K$76K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5277−0.036%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5291+0.052%$5.4M$43.7M50xas long as short
Kalshi KXXRPPERP+0.0135%8h1.5291+0.052%$1.9M$35.1M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0211% / S −0.0510%1h1.5283+0.003%$822K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5281−0.013%$23.9M$78.0M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5279−0.027%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5285+0.011%$513K$736K10xas long as short
Aftermath Perps XRPUSD+0.0443%1h1.5332+0.320%$3K$13K10xas long as short