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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0712%/8h= −78.0% APRnext payment $0.89 per $10,000 · paid last 24h −0.136%
Price spread now: Ondo Perps against Aftermath Perps−0.311%46s7-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 fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Ondo Perps is 0.311% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps XRPUSD1.56170.0812pay 0.0102% / 1h45m 41s$1K$11K10x
ShortOndo Perps XRP-USD.P1.55680.0100get 0.0013% / 1h45m 41s$579K$42K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$149.59
Price spread: −0.311% → 0.000%
−$31.1
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$194.69
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample
Aftermath Perps and Ondo Perps: 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%1h1.5626+0.060%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5605−0.077%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5650+0.214%$70K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5633+0.106%$262K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0106%1h1.5631+0.095%$860K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0006%1h1.5630+0.086%$9.7M$25.4M50xas long as short
Kraken Futures PF_XRPUSD+0.0031%1h1.5627+0.068%$15.7M$68.7M50xas long as short
Orderly PERP_XRP_USDC+0.0056%8h1.5629+0.080%$77K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560−0.362%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5605−0.074%$3.0M$12.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5605−0.074%$444K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5625+0.057%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5606−0.068%$39.7M$80.0M100xas long as short
Pacifica XRP+0.0100%1h1.5606−0.070%$642K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5607−0.062%$558.8M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5605−0.074%$348.0M$914.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5602−0.093%$127.5M$891.7M100xas long as short
Ondo Perps XRP-USD.Pshort+0.0100%1h1.5568−0.311%$579K$42K5x
Arcus XRP-USD+0.0100%1h1.5604−0.081%$117K$752K20xas long as short
Bulk XRP-USD+0.0100%1h1.5633+0.106%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5604−0.081%$373.1M$143.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5606−0.068%$302.1M$868.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5600−0.104%$113.6M$163.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5604−0.081%$272.9M$369.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5600−0.106%$120.6Mas long as short
Variational Omni XRP+0.0100%8h1.5634+0.109%$11.7M$30.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5593−0.152%$677K$103.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5605−0.074%$1.1M$40.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5640+0.150%$1.0M$887K50xas long as short
Vest XRP-PERP+0.0100%1h1.5616−0.001%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5630+0.086%$49K$453K20xas long as short
Bullet XRP-USD+0.0100%1h1.5633+0.107%$42K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5635+0.119%$842K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5618+0.007%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5627+0.067%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5622+0.037%$51.3M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5625+0.054%$55.6M$29.4M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5603−0.089%$486K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5609−0.049%$13K$266K20xas long as short
Extended XRP-USD+0.0104%1h1.5598−0.121%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5632+0.096%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5631+0.092%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5628+0.076%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5585−0.202%$24.5M$74.5M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5634+0.112%$5.9M$47.9M50xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5570−0.295%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0317%8h1.5636+0.124%$2.0M$33.9M2.9xas long as short
Backpack XRP_USDC_PERP+0.0396%1h1.5629+0.080%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0623%1h1.5621+0.028%$297.7M$208.8M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5613−0.024%$509K$632K10xas long as short
Aftermath Perps XRPUSDlong+0.0812%1h1.5617long leg$1K$11K10x