Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.129%

Price spread now: Orderly against RISEx+0.190%7-day average −0.054% · you sell dearer than you buy

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

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−0.511%−$51 · spread now +0.190%, 7d avg −0.054%

Together, before fees−0.849%−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.244% dearer against RISEx than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of −0.054%): +$24 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5116	0.0352	pay 0.0044% / 1h	36m 30s	$515K	$778K	10x
Short	Orderly PERP_XRP_USDC	1.5145	0.0081	get 0.0081% / 8h	4h 36m	$62K	$935K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against RISEx. 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 RISExbpFee OrderlybpOrdersPrice spread, now +0.190%Rate

Funding earned: −$56.91
Price spread: +0.190% → −0.054%: $24.35
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$44.56
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: RISEx: live order book, 22 min ago; Orderly: no order-book sample. 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 RISEx live order book, 22 min ago	1.42 bp	4.4 bp −$4	9.2 bp −$92	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5123	+0.044%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5151	+0.232%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5133	+0.111%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.223%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5148	+0.211%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5151	+0.230%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.935%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0029%	1h	1.5148	+0.210%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5114	−0.015%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDCshort	+0.0081%	8h	1.5145	+0.190%	$62K	$935K	50x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5125	+0.060%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5131	+0.097%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5104	−0.081%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5111	−0.032%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5139	+0.150%	$281.1M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5128	+0.079%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5128	+0.079%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5109	−0.048%	$532.4M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5106	−0.068%	$344.0M	$932.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5108	−0.055%	$125.8M	$872.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5096	−0.134%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5108	−0.055%	$109K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.195%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5117	+0.005%	$368.9M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5123	+0.044%	$288.8M	$897.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5122	+0.036%	$107.7M	$173.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5113	−0.022%	$267.4M	$384.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5114	−0.015%	—	$126.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	+0.208%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.238%	$658K	$108.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	+0.421%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5153	+0.243%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5149	+0.216%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.256%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5150	+0.223%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5146	+0.195%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5158	+0.277%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5151	+0.230%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	+0.214%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5149	+0.216%	$54.0M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5118	+0.009%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5110	−0.043%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	+0.197%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5162	+0.299%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0165%	1h	1.5155	+0.256%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5152	+0.236%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5146	+0.198%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	+0.236%	$24.1M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5156	+0.263%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDClong	+0.0352%	1h	1.5116	long leg	$515K	$778K	10x
Aftermath Perps XRPUSD	+0.0652%	1h	1.5157	+0.269%	$2K	$15K	10x	as long as short