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−0.0039%/8h= −4.2% APRnext payment $0.39 per $10,000 · paid last 24h −0.009%
Price spread now: Orderly against SunX−0.149%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.149%, 7d avg −0.026%
Together, before fees+0.023%+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.123% cheaper against SunX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XRP-USDT1.53860.0100pay 0.0100% / 8h7h 51m$129K$1.8M30x
ShortOrderly PERP_XRP_USDC1.53630.0061get 0.0061% / 8h7h 51m$75K$910K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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
−$8.12
Price spread: −0.149% → −0.026%
−$12.33
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$34.45
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago17.28 bp21.9 bp −$2224.6 bp −$246doesn't fitdoesn'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 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%1h1.5387+0.007%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5379−0.048%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5392+0.041%$258K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0087%1h1.5391+0.036%$844K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5354−0.207%$9.3M$25.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.132%$2K$107K30xas long as short
Orderly PERP_XRP_USDCshort+0.0061%8h1.5363−0.149%$75K$910K50x
Lighter XRP+0.0096%1h1.5350−0.232%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5350−0.233%$513K$3.2M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5399+0.085%$8K$8K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5400+0.092%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5394+0.056%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5346−0.262%$38.8M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5381−0.033%$636K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5339−0.305%$539.4M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5340−0.298%$339.9M$930.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5339−0.305%$125.4M$882.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5377−0.058%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5392+0.040%$116K$709K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.318%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5341−0.292%$374.7M$148.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5341−0.292%$299.0M$892.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5345−0.268%$109.2M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5341−0.292%$268.9M$376.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5340−0.298%$123.3Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.016%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360−0.165%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.020%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367−0.123%$1.0M$906K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5395+0.059%$48K$459K20xas long as short
Bullet XRP-USD+0.0100%1h1.5394+0.053%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5368−0.115%$827K$82K10xas long as short
SunX XRP-USDTlong+0.0100%8h1.5386long leg$129K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.5348−0.246%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5389+0.017%$50.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5346−0.259%$54.6M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5380−0.040%$479K$54K50xas long as short
Vest XRP-PERP+0.0100%1h1.5387+0.010%$10K10xas long as short
Extended XRP-USD+0.0104%1h1.5339−0.303%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5349−0.239%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5390+0.029%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5387+0.007%$23.9M$74.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5360−0.168%$5.8M$46.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5343−0.279%$14.6M$70.6M50xas long as short
Backpack XRP_USDC_PERP+0.0293%1h1.5352−0.220%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5392+0.037%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0319%8h1.5398+0.079%$2.1M$35.3M2.9xas long as short
Hyperliquid XRP+0.0491%1h1.5359−0.175%$291.5M$215.3M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.092%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0754%1h1.5378−0.052%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5395+0.059%$510K$754K10xas long as short