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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.2% APRnext payment $0.37 per $10,000 · paid last 24h −0.116%
Price spread now: SoDEX against RISEx−0.108%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$200.205% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.322%−$32 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.108%, 7d avg −0.056%
Together, before fees−0.346%−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.052% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.51760.0394pay 0.0049% / 1h33m 31s$521K$807K10x
ShortSoDEX XRP-USD1.51600.0100get 0.0013% / 1h33m 31s$29K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$61.81
Price spread: −0.108% → −0.056%
−$5.21
Slippage, 4 orders
−$6.45
Fee RISEx: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$87.47
Costs to cover
0.205%
Break-even
never at this rate
Slippage from RISEx: live order book, 5 min ago; SoDEX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 5 min ago2.90 bp5.9 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell SoDEX live order book, just now0.33 bp4.3 bp −$46.8 bp −$68doesn'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%1h1.5172−0.029%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5173−0.021%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5167−0.063%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5165−0.075%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.527%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5160−0.106%$14.6M$73.9M50xas long as short
Lighter XRP+0.0096%1h1.5178+0.010%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5178+0.010%$604K$3.2M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5178+0.010%$8K$2K10xas long as short
Katana Perps XRP-USD+0.0099%8h1.5165−0.075%$20K$383K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5170−0.039%$1.0M$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5173−0.023%$38.4M$86.8M100xas long as short
Pacifica XRP+0.0100%1h1.5178+0.009%$612K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5170−0.044%$530.8M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5165−0.075%$349.5M$956.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5167−0.062%$127.9M$868.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5179+0.017%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5178+0.010%$143K$716K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.089%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5172−0.029%$377.8M$161.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5173−0.023%$309.3M$924.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5175−0.012%$106.3M$184.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5165−0.075%$268.0M$390.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5171−0.036%$107.6Mas long as short
Variational Omni XRP+0.0100%8h1.5150−0.177%$4.9M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5179+0.017%$659K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5145−0.207%$1.1M$34.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5139−0.247%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5169−0.049%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5168−0.056%$52K$513K20xas long as short
Bullet XRP-USD+0.0100%1h1.5169−0.049%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5161−0.102%$77K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5140−0.240%$814K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5162−0.097%$127K$1.8M30xas long as short
SoDEX XRP-USDshort+0.0100%1h1.5160−0.108%$29K$1.6M10x
HTX XRP-USDT+0.0100%8h1.5168−0.057%$49.5M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5157−0.128%$54.1M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5177+0.004%$473K$55K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0102% / S −0.0062%1h1.5155−0.142%$783K200xas long as short
Extended XRP-USD+0.0104%1h1.5166−0.069%$2.1M$6.9M50xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5168−0.055%$17K$78K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5156−0.131%$58K$25K3xas long as short
Hyperliquid XRP+0.0125%1h1.5188+0.076%$289.8M$268.0M20xas long as short
Backpack XRP_USDC_PERP+0.0144%1h1.5167−0.062%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5158−0.122%$5.6M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0188%8h1.5169−0.049%$1.8M$34.4M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5164−0.083%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5143−0.220%$23.6M$77.6M125xas long as short
RISEx XRP/USDClong+0.0394%1h1.5176long leg$521K$807K10x
Phoenix XRP+0.0526%1h1.5150−0.174%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0647%1h1.5188+0.079%$2K$16K10xas long as short