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+0.0661%/8h= +72.4% APRnext payment +$0.83 per $10,000 · paid last 24h +0.105%
Price spread now: RISEx against Ondo Perps−0.113%7-day average +0.100% · you buy dearer than you sell
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)+0.321%+$32 on $10k
Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.113%, 7d avg +0.100%
Together, before fees+0.663%+ Points / potential airdropOndo Perps: Active · farm board+$66 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.213% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.100%). If the spread goes back, that is −$21 on $10k: about 26 hours of funding at the current rate (+$20 a day). At the pace of the last 3 days (+0.321% in total) that is about 2.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.53500.0100pay 0.0013% / 1h12m 49s$571K$41K5x
ShortRISEx XRP/USDC1.53330.0761get 0.0095% / 1h12m 49s$499K$707K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Ondo Perps. 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
$138.82
Price spread: −0.113% → +0.100%
−$21.28
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
$106.54
Costs to cover
0.110%
Break-even
1.6 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 1 min ago. 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 Ondo Perps no order-book sample
Sell RISEx live order book, 1 min ago1.37 bp4.4 bp −$49.0 bp −$90doesn't fitdoesn't fit
Ondo Perps: 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%1h1.5341−0.059%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5330−0.132%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.53500.000%$68K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5323−0.176%$9.3M$25.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5317−0.212%$265K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0094%1h1.5316−0.222%$842K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5319−0.200%$14.9M$69.8M50xas long as short
Orderly PERP_XRP_USDC+0.0060%8h1.5322−0.182%$75K$910K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.368%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5334−0.103%$3.0M$13.4M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5335−0.098%$486K$3.2M20xas long as short
Nado XRP-PERP+0.0100%1h1.5326−0.153%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5334−0.104%$38.8M$81.8M100xas long as short
Pacifica XRP+0.0100%1h1.5339−0.071%$631K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5335−0.098%$544.9M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5330−0.130%$339.1M$927.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5332−0.117%$125.3M$878.3M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5350long leg$571K$41K5x
Arcus XRP-USD+0.0100%1h1.5331−0.124%$116K$757K20xas long as short
Bulk XRP-USD+0.0100%1h1.5373+0.147%$1.7M$571K20xas long as short
Gate XRP_USDT+0.0100%8h1.5334−0.104%$360.9M$148.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5331−0.124%$296.8M$892.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5316−0.223%$109.0M$165.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5330−0.130%$267.6M$376.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5336−0.091%$122.0Mas long as short
Variational Omni XRP+0.0100%8h1.5350+0.002%$11.4M$30.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5346−0.026%$666K$105.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5353+0.019%$1.1M$40.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5347−0.020%$1.0M$901K50xas long as short
Vest XRP-PERP+0.0100%1h1.5327−0.153%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5325−0.163%$47K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5320−0.196%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5324−0.171%$825K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5328−0.143%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5322−0.182%$31K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5319−0.202%$50.3M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5321−0.189%$54.6M$29.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5328−0.141%$478K$54K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5325−0.163%$11K$271K20xas long as short
Extended XRP-USD+0.0104%1h1.5314−0.237%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5319−0.202%$71K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5331−0.124%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5320−0.199%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5324−0.169%$24.1M$74.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5327−0.150%$5.8M$46.8M50xas long as short
Backpack XRP_USDC_PERP+0.0253%1h1.5323−0.176%$1.7M$1.0M25xas long as short
Hibachi XRP/USDT-P+0.0296%1h1.5337−0.085%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0310%8h1.5329−0.137%$2.0M$34.5M2.9xas long as short
Hyperliquid XRP+0.0576%1h1.5347−0.020%$291.0M$215.4M20xas long as short
RISEx XRP/USDCshort+0.0761%1h1.5333−0.113%$499K$707K10x
Aftermath Perps XRPUSD+0.0784%1h1.5353+0.020%$1K$11K10xas long as short