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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.119%
Price spread now: Hyperliquid against dYdX+0.039%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$550.550% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.318%+$32 on $10k
Price spread, last 7 days+0.096%+$10 · spread now +0.039%, 7d avg +0.046%
Together, before fees+0.413%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.51420get 0.0000% / 1h21m 32s$1.1M$148K10x
ShortHyperliquid XRP1.51480.0136get 0.0017% / 1h21m 32s$289.2M$267.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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
$28.57
Price spread: +0.039% → +0.046%
−$0.69
Slippage, 4 orders
−$35.99
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$27.11
Costs to cover
0.550%
Break-even
13.6 days
Slippage from dYdX: live order book, 3 min ago; Hyperliquid: live order book, 12 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 dYdX live order book, 3 min ago17.56 bp22.8 bp −$2323.8 bp −$23835.1 bp −$3,506223.4 bp −$111.7K
Sell Hyperliquid live order book, 12 min ago0.33 bp4.8 bp −$56.2 bp −$6210.6 bp −$1,062doesn'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%1h1.5133−0.060%$5K$3K20xas long as short
dYdX XRP-USDlong0.0000%1h1.5142long leg$1.1M$148K10x
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5135−0.046%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5142−0.001%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.760%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5137−0.037%$14.5M$73.8M50xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5139−0.022%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5143+0.008%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5146+0.026%$602K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5137−0.034%$20K$383K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5143+0.002%$997K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5144+0.012%$38.5M$86.6M100xas long as short
Pacifica XRP+0.0100%1h1.5145+0.017%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5144+0.012%$528.4M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5140−0.014%$348.8M$954.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5139−0.021%$127.0M$864.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5139−0.021%$563K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5149+0.045%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164+0.144%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5142−0.001%$375.2M$162.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5137−0.034%$306.5M$926.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5135−0.045%$106.4M$183.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5129−0.087%$268.1M$389.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5142−0.001%$107.8Mas long as short
Variational Omni XRP+0.0100%8h1.5121−0.141%$4.8M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5115−0.177%$657K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5115−0.179%$1.1M$34.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5118−0.159%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5141−0.010%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5144+0.012%$52K$515K20xas long as short
Bullet XRP-USD+0.0100%1h1.5140−0.015%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5136−0.040%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5138−0.029%$814K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5146+0.022%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5136−0.040%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5139−0.017%$49.4M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5136−0.040%$53.9M$32.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5148+0.038%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5137−0.036%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5146+0.026%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5137−0.037%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0105% / S −0.0067%1h1.5136−0.038%$772K200xas long as short
Hyperliquid XRPshort+0.0136%1h1.5148+0.039%$289.2M$267.9M20x
Backpack XRP_USDC_PERP+0.0152%1h1.5141−0.007%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0174%8h1.5147+0.032%$1.8M$34.1M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5135−0.047%$5.6M$47.9M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5136−0.040%$23.7M$77.6M125xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5129−0.085%$1.3M$4K15xas long as short
RISEx XRP/USDC+0.0394%1h1.5148+0.036%$520K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5150+0.052%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0620%1h1.5145+0.019%$2K$16K10xas long as short