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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.141%
Price spread now: RISEx against edgeX−0.084%55s7-day average +0.044% · 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−$200.202% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.472%+$47 on $10k
Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.084%, 7d avg +0.044%
Together, before fees+0.486%+ Points / potential airdropedgeX: Active · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.129% cheaper against edgeX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.044%). If the spread goes back, that is −$13 on $10k: about 40 hours of funding at the current rate (+$8 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.51660.0100pay 0.0050% / 4h3h 13m$659K$110.9M30x
ShortRISEx XRP/USDC1.51540.0358get 0.0045% / 1h13m 56s$516K$776K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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
$54.23
Price spread: −0.084% → +0.044%
−$12.86
Slippage, 4 orders
−$5.2
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
$21.18
Costs to cover
0.202%
Break-even
4.3 days
Slippage from edgeX: live order book, 5 min ago; RISEx: live order book, 40 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 edgeX live order book, 5 min ago0.99 bp5.5 bp −$55.5 bp −$559.0 bp −$901doesn't fit
Sell RISEx live order book, 40 min ago1.61 bp4.6 bp −$510.5 bp −$105doesn't fitdoesn'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%1h1.5160−0.043%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5149−0.114%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5144−0.149%$258K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5148−0.122%$7.7M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5146−0.134%$14.4M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.595%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5144−0.149%$795K200xas long as short
Lighter XRP+0.0096%1h1.5149−0.113%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5151−0.102%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5150−0.109%$9K$351K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5148−0.119%$975K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5149−0.113%$39.0M$85.7M100xas long as short
Pacifica XRP+0.0100%1h1.5151−0.103%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5149−0.114%$534.0M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5148−0.122%$344.4M$945.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5150−0.109%$125.8M$884.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5148−0.122%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5155−0.076%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164−0.013%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5152−0.095%$372.1M$157.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5150−0.109%$298.1M$907.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5151−0.100%$109.2M$178.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5148−0.122%$269.0M$390.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5147−0.128%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.103%$4.8M$38.3Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5166long leg$659K$110.9M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5154−0.080%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5169+0.017%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5151−0.104%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5152−0.095%$45K$479K20xas long as short
Bullet XRP-USD+0.0100%1h1.5147−0.128%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5145−0.142%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5145−0.139%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5152−0.094%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5145−0.142%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5152−0.094%$49.5M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5148−0.122%$53.9M$31.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5147−0.130%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5146−0.134%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5143−0.152%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5156−0.069%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5153−0.089%$5.7M$48.1M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5148−0.120%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5156−0.069%$24.2M$75.7M125xas long as short
Kalshi KXXRPPERP+0.0233%8h1.5156−0.069%$1.9M$35.3M2.9xas long as short
Backpack XRP_USDC_PERP+0.0249%1h1.5156−0.069%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5163−0.023%$17K$82K7xas long as short
RISEx XRP/USDCshort+0.0358%1h1.5154−0.084%$516K$776K10x
Hyperliquid XRP+0.0404%1h1.5165−0.010%$297.8M$251.6M20xas long as short
Phoenix XRP+0.0528%1h1.5160−0.043%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0648%1h1.5166−0.005%$2K$15K10xas long as short