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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Arcus−0.026%47s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.224% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.026%, 7d avg −0.006%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.021% cheaper against Arcus than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus XRP-USD1.51390.0100pay 0.0013% / 1h17m 49s$114K$701K20x
ShortOKX XRP-USDT-SWAP1.51350.0100get 0.0100% / 8h6h 17m$124.1M$871.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Arcus. 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
$0
Price spread: −0.026% → −0.006%
−$2.07
Slippage, 4 orders
−$7.87
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$24.44
Costs to cover
0.224%
Break-even
never at this rate
Slippage from Arcus: live order book, 51 min ago; OKX: live order book, 1 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 Arcus live order book, 51 min ago1.30 bp5.0 bp −$511.0 bp −$110doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago0.33 bp5.3 bp −$56.2 bp −$6212.8 bp −$1,27731.2 bp −$15.6K

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%1h1.5146+0.046%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5152+0.083%$1.1M$110K10xas long as short
Phoenix XRP0.0000%1h1.5170+0.205%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5143+0.024%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0022% / S +0.0057%1h1.5141+0.011%$800K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.781%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5141+0.010%$14.5M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.51390.000%$62K$953K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5146+0.046%$7.6M$25.3M50xas long as short
Lighter XRP+0.0096%1h1.5145+0.038%$2.8M$14.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5146+0.046%$511K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5124−0.099%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5137−0.010%$934K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5130−0.059%$38.5M$84.2M100xas long as short
Pacifica XRP+0.0100%1h1.5156+0.111%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5130−0.059%$536.7M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5131−0.053%$340.7M$940.6M100xas long as short
OKX XRP-USDT-SWAPshort+0.0100%8h1.5135−0.026%$124.1M$871.6M100x
Ondo Perps XRP-USD.P+0.0100%1h1.5130−0.059%$564K$28K5xas long as short
Arcus XRP-USDlong+0.0100%1h1.5139long leg$114K$701K20x
Bulk XRP-USD+0.0100%1h1.5190+0.334%$1.6M$330K20xas long as short
Gate XRP_USDT+0.0100%8h1.5127−0.079%$368.0M$152.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5130−0.059%$289.6M$915.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5123−0.108%$106.9M$171.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5133−0.040%$266.6M$384.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5124−0.099%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5151+0.077%$6.2M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5154+0.097%$658K$109.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5186+0.310%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5155+0.106%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5141+0.010%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5136−0.020%$44K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5144+0.034%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5142+0.022%$815K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5142+0.020%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5143+0.026%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5145+0.038%$49.6M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5133−0.040%$53.8M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5156+0.114%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5124−0.096%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.51390.000%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5131−0.053%$8K$8K10xas long as short
Hyperliquid XRP+0.0189%1h1.5141+0.013%$280.3M$222.0M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5133−0.042%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5149+0.066%$5.7M$46.7M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5132−0.046%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0343%1h1.5138−0.007%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0361%8h1.5146+0.046%$2.1M$35.7M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5134−0.036%$529K$787K10xas long as short
Aftermath Perps XRPUSD+0.0756%1h1.5153+0.094%$2K$14K10xas long as short