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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.082%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$180.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.082%, 7d avg −0.033%
Together, before fees+0.148%+ Points / potential airdropExtended: Active · farm board+$15 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: Extended is 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XRPUSDT1.53380.0100pay 0.0100% / 8h5h 49m$361.8M$888.6M100x
ShortExtended XRP-USD1.53250.0104get 0.0013% / 1h49m 26s$2.2M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
$0.84
Price spread: −0.082% → −0.033%
−$4.87
Slippage, 4 orders
−$2.08
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$22.11
Costs to cover
0.181%
Break-even
191.2 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 3 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 Bybit live order book, 3 min ago0.33 bp5.8 bp −$66.6 bp −$6612.3 bp −$1,23229.7 bp −$14.9K
Sell Extended live order book, 3 min ago0.33 bp3.3 bp −$35.8 bp −$58doesn't fitdoesn't fit

XRP on 50 exchanges

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%1h1.5403+0.424%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5332−0.039%$14.0M$70.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5337−0.005%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5340+0.013%$69K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5333−0.033%$7.8M$21.3M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5357+0.122%$246K150xas long as short
01 Exchange XRPUSD+0.0008%1h1.5331−0.046%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.447%$2K$107K30xas long as short
SoDEX XRP-USD+0.0045%1h1.5329−0.059%$29K$1.5M10xas long as short
Lighter XRP+0.0096%1h1.5331−0.048%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5336−0.013%$599K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5332−0.040%$478K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5326−0.078%$10K$401K20xas long as short
Nado XRP-PERP+0.0100%1h1.5334−0.023%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5344+0.039%$299.1M$266.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5337−0.007%$39.3M$81.5M100xas long as short
Pacifica XRP+0.0100%1h1.5333−0.033%$592K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5334−0.026%$534.9M$2.08B100xas long as short
Bybit XRPUSDTlong+0.0100%8h1.5338long leg$361.8M$888.6M100x
OKX XRP-USDT-SWAP+0.0100%8h1.5336−0.013%$124.8M$837.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5321−0.111%$563K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5337−0.007%$165K$681K20xas long as short
Bulk XRP-USD+0.0100%1h1.5379+0.267%$1.6M$25K20xas long as short
Gate XRP_USDT+0.0100%8h1.5337−0.007%$382.3M$156.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5330−0.052%$314.1M$889.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5331−0.044%$105.9M$181.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5331−0.046%$271.9M$357.0M125xas long as short
BingX XRP-USDT+0.0100%8h1.53380.000%$101.1Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5345+0.046%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5325−0.087%$5.0M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5326−0.076%$666K$109.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5340+0.015%$1.1M$30.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5341+0.020%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5333−0.030%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5334−0.026%$52K$475K20xas long as short
Bullet XRP-USD+0.0100%1h1.5334−0.026%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5337−0.007%$83K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5329−0.057%$129K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5319−0.126%$49.9M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5335−0.020%$54.6M$33.3M50xas long as short
Extended XRP-USDshort+0.0104%1h1.5325−0.082%$2.2M$6.1M50x
Aevo XRP-PERP+0.0104%1h1.5322−0.104%$59K$25K3xas long as short
Hibachi XRP/USDT-P+0.0112%1h1.5326−0.080%$17K$76K7xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5332−0.039%$5.5M$44.0M50xas long as short
Kalshi KXXRPPERP+0.0138%8h1.5336−0.013%$1.9M$35.0M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0203% / S −0.0551%1h1.5345+0.044%$805K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5329−0.059%$24.0M$78.3M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5323−0.098%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5335−0.017%$515K$736K10xas long as short
Aftermath Perps XRPUSD+0.0430%1h1.5356+0.116%$3K$13K10xas long as short