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−0.0124%/8h= −13.6% APRnext payment $0.15 per $10,000 · paid last 24h −0.026%
Price spread now: Bullet against Coinbase International+0.221%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Bullet is 0.221% dearer against Coinbase International than usual: you sell high and buy low (spread +0.221% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XRP-PERP-INTX1.53600.0224pay 0.0028% / 1h51m 50s$5.8M$46.5M50x
ShortBullet XRP-USD1.53940.0100get 0.0013% / 1h51m 50s$41K$69K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Coinbase International. 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
−$26.04
Price spread: +0.221% → 0.000%
$22.14
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$21.9
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 2 min ago; Bullet: 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 Coinbase International live order book, 2 min ago0.65 bp8.2 bp −$810.1 bp −$10125.6 bp −$2,556doesn't fit
Sell Bullet no order-book sample
Bullet: 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%1h1.5387+0.176%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5379+0.121%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5392+0.210%$258K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0087%1h1.5391+0.205%$844K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5354−0.039%$9.3M$25.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.302%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5363+0.020%$75K$910K50xas long as short
Lighter XRP+0.0096%1h1.5350−0.063%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5350−0.065%$513K$3.2M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5399+0.254%$8K$8K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5400+0.260%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5394+0.225%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5346−0.093%$38.8M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5381+0.135%$636K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5339−0.137%$539.4M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5340−0.130%$339.9M$930.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5339−0.137%$125.4M$882.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5377+0.111%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5392+0.208%$116K$709K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.150%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5341−0.124%$374.7M$148.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5341−0.124%$299.0M$892.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5345−0.100%$109.2M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5341−0.124%$268.9M$376.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5340−0.130%$123.3Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.185%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360+0.003%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.189%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367+0.046%$1.0M$906K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5395+0.228%$48K$459K20xas long as short
Bullet XRP-USDshort+0.0100%1h1.5394+0.221%$41K$69K20x
Derive XRP-PERP+0.0100%1h1.5368+0.053%$827K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5386+0.169%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5348−0.078%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5389+0.186%$50.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5346−0.091%$54.6M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5380+0.128%$479K$54K50xas long as short
Vest XRP-PERP+0.0100%1h1.5387+0.178%$10K10xas long as short
Extended XRP-USD+0.0104%1h1.5339−0.135%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5349−0.071%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5390+0.197%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5387+0.176%$23.9M$74.8M125xas long as short
Coinbase International XRP-PERP-INTXlong+0.0224%1h1.5360long leg$5.8M$46.5M50x
Kraken Futures PF_XRPUSD+0.0243%1h1.5343−0.111%$14.6M$70.6M50xas long as short
Backpack XRP_USDC_PERP+0.0293%1h1.5352−0.052%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5392+0.205%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0319%8h1.5398+0.247%$2.1M$35.3M2.9xas long as short
Hyperliquid XRP+0.0491%1h1.5359−0.007%$291.5M$215.3M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.260%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0754%1h1.5378+0.116%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5395+0.228%$510K$754K10xas long as short