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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%
Price spread now: SunX against edgeX+0.118%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$590.592% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.118%, 7d avg +0.038%
Together, before fees+0.141%+ Points / potential airdropedgeX: Active · farm board+$14 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: SunX is 0.080% dearer against edgeX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.52310.0100pay 0.0050% / 4h1h 16m$662K$114.0M30x
ShortSunX XRP-USDT1.52490.0100get 0.0100% / 8h1h 16m$128K$1.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0
Price spread: +0.118% → +0.038%
$8.01
Slippage, 4 orders
−$42.24
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$51.23
Costs to cover
0.592%
Break-even
never at this rate
Slippage from edgeX: live order book, 3 min ago; SunX: live order book, 9 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, 3 min ago0.98 bp5.5 bp −$55.6 bp −$568.8 bp −$881doesn't fit
Sell SunX live order book, 9 min ago13.98 bp23.8 bp −$2430.6 bp −$306doesn't fitdoesn't fit

XRP on 50 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%1h1.5243+0.076%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5241+0.065%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5260+0.187%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5244+0.083%$247K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0012%1h1.5248+0.108%$7.9M$24.8M50xas long as short
Kraken Futures PF_XRPUSD+0.0024%1h1.5244+0.085%$14.5M$75.0M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.157%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0088% / S −0.0041%1h1.5244+0.085%$787K200xas long as short
Lighter XRP+0.0096%1h1.5242+0.070%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5243+0.076%$548K$3.2M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5234+0.017%$11K$372K20xas long as short
Nado XRP-PERP+0.0100%1h1.5244+0.079%$991K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5238+0.044%$38.7M$87.9M100xas long as short
Pacifica XRP+0.0100%1h1.5243+0.078%$620K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5242+0.069%$535.2M$2.23B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5233+0.010%$349.5M$965.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5239+0.049%$128.0M$885.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5239+0.049%$567K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5244+0.082%$145K$716K20xas long as short
Gate XRP_USDT+0.0100%8h1.5238+0.043%$378.3M$161.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5240+0.056%$311.4M$931.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5241+0.061%$107.8M$182.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5237+0.036%$269.5M$397.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5239+0.049%$105.7Mas long as short
Variational Omni XRP+0.0100%8h1.5198−0.221%$4.8M$38.5Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5231long leg$662K$114.0M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5240+0.053%$1.1M$36.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5204−0.180%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5245+0.089%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5241+0.062%$65K$508K20xas long as short
Bullet XRP-USD+0.0100%1h1.5241+0.060%$41K$71K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5243+0.076%$66K$746K50xas long as short
SunX XRP-USDTshort+0.0100%8h1.5249+0.118%$128K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.5245+0.089%$30K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5257+0.166%$49.8M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5242+0.069%$54.6M$32.5M50xas long as short
Bulk XRP-USD+0.0100%1h1.5206−0.167%$1.6M$5K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5247+0.103%$475K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5233+0.011%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5242+0.070%$59K$25K3xas long as short
01 Exchange XRPUSD+0.0112%1h1.5248+0.108%$9K$2K10xas long as short
Hibachi XRP/USDT-P+0.0136%1h1.5247+0.100%$17K$79K7xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5253+0.141%$5.7M$48.5M50xas long as short
Backpack XRP_USDC_PERP+0.0190%1h1.5254+0.148%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0216%1h1.5253+0.141%$290.8M$265.6M20xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5249+0.115%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5245+0.089%$23.7M$78.4M125xas long as short
Kalshi KXXRPPERP+0.0224%8h1.5257+0.168%$1.8M$35.2M2.9xas long as short
RISEx XRP/USDC+0.0316%1h1.5243+0.078%$529K$806K10xas long as short
Aftermath Perps XRPUSD+0.0657%1h1.5232+0.005%$2K$16K10xas long as short