Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0387%/8hpaid last 24h +0.103%

Price spread now: RISEx against Orderly+0.021%7-day average +0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.290%+$29 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now +0.021%, 7d avg +0.052%

Together, before fees+0.393%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.031% cheaper against Orderly than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.052%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5042	0.0054	pay 0.0054% / 8h	4h 22m	$179K	$779K	50x
Short	RISEx XRP/USDC	1.5045	0.0441	get 0.0055% / 1h	22m 33s	$409K	$477K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Orderly. 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

Position, each leg$Hold fordaysFee OrderlybpFee RISExbpOrdersPrice spread, now +0.021%Rate

Funding earned: $81.28
Price spread: +0.021% → +0.052%: −$3.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $66.22
Costs to cover: 0.120%
Break-even: 1.3 days

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell RISEx live order book, 10 min ago	0.90 bp	3.9 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5045	+0.019%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5050	+0.053%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5050	+0.051%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5052	+0.066%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5048	+0.041%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.329%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDClong	+0.0054%	8h	1.5042	long leg	$179K	$779K	50x
Lighter XRP	+0.0096%	1h	1.5052	+0.063%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5048	+0.040%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5037	−0.033%	$12K	$243K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5029	−0.090%	$1.0M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5051	+0.059%	$38.3M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5045	+0.021%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5024	−0.119%	$531.1M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5025	−0.113%	$339.8M	$782.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5023	−0.126%	$125.6M	$788.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5037	−0.033%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5044	+0.013%	$111K	$611K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5037	−0.033%	$349.8M	$126.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5039	−0.020%	$311.8M	$760.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5048	+0.043%	$111.3M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5023	−0.126%	$259.1M	$320.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5040	−0.013%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.256%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5045	+0.017%	$654K	$88.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5081	+0.261%	$1.1M	$40.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5057	+0.100%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5031	−0.074%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5031	−0.073%	$60K	$431K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5043	+0.005%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5046	+0.026%	$811K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5049	+0.048%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5047	+0.033%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5038	−0.027%	$49.6M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5049	+0.047%	$54.1M	$26.9M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5047	+0.033%	$1.6M	$139K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5044	+0.016%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5037	−0.035%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5043	+0.003%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5042	0.000%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5043	+0.007%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5057	+0.100%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5056	+0.093%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5026	−0.107%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5049	+0.047%	$23.5M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5046	+0.024%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5049	+0.047%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0411%	1h	1.5063	+0.140%	$274.2M	$158.8M	20x	as long as short
RISEx XRP/USDCshort	+0.0441%	1h	1.5045	+0.021%	$409K	$477K	10x
Aftermath Perps XRPUSD	+0.0528%	1h	1.5035	−0.044%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5040	−0.013%	$67K	$89K	15x	as long as short