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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Bulk+0.216%7-day average −0.016% · you sell dearer than you buy
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 4 days (all we have)−0.005%−$1 on $10k
Price spread, last 7 days−0.222%−$22 · spread now +0.216%, 7d avg −0.016%
Together, before fees−0.227%+ Points / potential airdropVariational Omni: Active · farm board−$23 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: Variational Omni is 0.232% dearer against Bulk than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk XRP-USD1.52120.0100pay 0.0013% / 1h27m 00s$1.6M$49K20x
ShortVariational Omni XRP1.52450.0100get 0.0100% / 8h3h 27m$4.9M$38.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bulk. 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: +0.216% → −0.016%
$23.18
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$16.18
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Bulk: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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 Bulk live order book, 2 min ago0.33 bp3.8 bp −$45.6 bp −$5614.2 bp −$1,41630.3 bp −$15.2K
Sell Variational Omni RFQ quote, 2 min ago2.04 bpdoesn't fit4.8 bp −$4818.8 bp −$1,878doesn't fit

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%1h1.5192−0.131%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5187−0.161%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5190−0.148%$254K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5195−0.112%$7.8M$25.4M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5192−0.128%$14.4M$74.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.288%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5190−0.148%$793K200xas long as short
Lighter XRP+0.0096%1h1.5197−0.096%$2.9M$14.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5198−0.092%$497K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5196−0.105%$10K$347K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5193−0.122%$989K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5192−0.131%$38.5M$85.3M100xas long as short
Pacifica XRP+0.0100%1h1.5197−0.096%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5191−0.136%$535.2M$2.15B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5199−0.085%$347.3M$943.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5199−0.085%$126.9M$888.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5182−0.197%$566K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5199−0.085%$134K$705K20xas long as short
Bulk XRP-USDlong+0.0100%1h1.5212long leg$1.6M$49K20x
Gate XRP_USDT+0.0100%8h1.5194−0.118%$369.7M$155.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5190−0.145%$296.0M$903.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5195−0.114%$109.2M$177.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5197−0.099%$269.6M$389.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5191−0.138%$4.1Mas long as short
Variational Omni XRPshort+0.0100%8h1.5245+0.216%$4.9M$38.3M
edgeX XRPUSDC+0.0100%4h1.5228+0.103%$661K$110.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5219+0.046%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5252+0.263%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5197−0.099%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5196−0.105%$45K$477K20xas long as short
Bullet XRP-USD+0.0100%1h1.5189−0.152%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5187−0.164%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5188−0.158%$817K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5195−0.111%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5192−0.131%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5191−0.138%$49.7M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5193−0.125%$54.1M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5194−0.120%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5183−0.190%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5187−0.168%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5197−0.099%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5198−0.092%$5.7M$47.7M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5192−0.132%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5184−0.184%$24.1M$76.1M125xas long as short
Backpack XRP_USDC_PERP+0.0273%1h1.5203−0.059%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5231+0.127%$17K$82K7xas long as short
RISEx XRP/USDC+0.0358%1h1.5198−0.091%$518K$776K10xas long as short
Kalshi KXXRPPERP+0.0359%8h1.5201−0.072%$1.9M$35.2M2.9xas long as short
Hyperliquid XRP+0.0395%1h1.5211−0.007%$301.2M$245.9M20xas long as short
Phoenix XRP+0.0528%1h1.5230+0.118%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0677%1h1.5213+0.006%$2K$15K10xas long as short