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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0655%/8h= −71.8% APRnext payment $0.82 per $10,000 · paid last 24h −0.153%
Price spread now: Derive against Aftermath Perps−0.105%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Derive is 0.105% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps XRPUSD1.51260.0755pay 0.0094% / 1h57m 31s$2K$14K10x
ShortDerive XRP-PERP1.51100.0100get 0.0013% / 1h57m 31s$813K$75K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against Aftermath Perps. 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
−$137.62
Price spread: −0.105% → 0.000%
−$10.52
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Derive: 3 bp × 2 orders
−$6
Net
−$163.15
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Derive: 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 Aftermath Perps no order-book sample
Sell Derive no order-book sample
Aftermath Perps and Derive: 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 50 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%1h1.5118−0.055%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5082−0.293%$1.1M$110K10xas long as short
Phoenix XRP0.0000%1h1.5140+0.091%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5103−0.154%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0025% / S +0.0052%1h1.5102−0.160%$798K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.867%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0074%8h1.5108−0.121%$62K$935K50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5088−0.253%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5094−0.210%$2.8M$14.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5091−0.233%$507K$3.2M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5082−0.293%$9K$305K20xas long as short
Nado XRP-PERP+0.0100%1h1.5090−0.243%$964K$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5095−0.207%$279.0M$220.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5089−0.245%$38.2M$83.1M100xas long as short
Pacifica XRP+0.0100%1h1.5090−0.237%$606K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5089−0.246%$534.7M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5086−0.266%$340.5M$925.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5088−0.253%$124.3M$860.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5118−0.055%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5094−0.213%$114K$694K20xas long as short
Bulk XRP-USD+0.0100%1h1.5144+0.117%$1.6M$214K20xas long as short
Gate XRP_USDT+0.0100%8h1.5087−0.260%$367.0M$149.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5087−0.260%$292.5M$889.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5085−0.275%$106.3M$170.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5083−0.286%$266.0M$379.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5088−0.253%$126.6Mas long as short
Variational Omni XRP+0.0100%8h1.5125−0.009%$6.2M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5125−0.006%$657K$109.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5120−0.042%$1.1M$36.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5121−0.035%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5092−0.226%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5086−0.266%$41K$446K20xas long as short
Bullet XRP-USD+0.0100%1h1.5107−0.125%$41K$68K20xas long as short
Derive XRP-PERPshort+0.0100%1h1.5110−0.105%$813K$75K10x
SunX XRP-USDT+0.0100%8h1.5118−0.055%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5108−0.121%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5106−0.134%$49.5M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5103−0.154%$53.8M$29.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5087−0.261%$470K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5084−0.279%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5107−0.131%$58K$25K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0147%1h1.5110−0.108%$7.7M$25.2M50xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5084−0.278%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5109−0.114%$5.7M$46.2M50xas long as short
Backpack XRP_USDC_PERP+0.0224%1h1.5108−0.121%$1.9M$1.3M25xas long as short
Kraken Futures PF_XRPUSD+0.0274%1h1.5104−0.147%$14.5M$72.8M50xas long as short
Hibachi XRP/USDT-P+0.0328%1h1.5110−0.105%$17K$81K7xas long as short
Kalshi KXXRPPERP+0.0356%8h1.5123−0.022%$2.1M$35.1M2.9xas long as short
RISEx XRP/USDC+0.0484%1h1.5095−0.209%$526K$787K10xas long as short
Aftermath Perps XRPUSDlong+0.0755%1h1.5126long leg$2K$14K10x