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% APRpaid last 24h −0.104%
Price spread now: Variational Omni against RISEx+0.075%7-day average −0.043% · you sell dearer than you buy
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)−0.298%−$30 on $10k
Price spread, last 4 days (all we have)+0.184%+$18 · spread now +0.075%, 7d avg −0.043%
Together, before fees−0.115%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.118% dearer against RISEx than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.043%): +$12 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.298% in total) that is about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.55100.0761pay 0.0095% / 1h40m 23s$504K$632K10x
ShortVariational Omni XRP1.55220.0100get 0.0100% / 8h40m 23s$11.6M$30.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$138.82
Price spread: +0.075% → −0.043%
$11.83
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$132.99
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: RISEx: live order book, 38 min ago; Variational Omni: RFQ quote, 4 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 RISEx live order book, 38 min ago1.00 bp4.8 bp −$58.5 bp −$85doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago2.02 bpdoesn't fit4.1 bp −$4115.4 bp −$1,544doesn'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%1h1.5503−0.044%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5507−0.021%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5550+0.259%$69K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5495−0.096%$9.6M$25.4M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5495−0.094%$259K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0006% / S +0.0103%1h1.5495−0.097%$852K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5492−0.114%$15.5M$68.7M50xas long as short
Orderly PERP_XRP_USDC+0.0057%8h1.5494−0.102%$76K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+0.323%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5496−0.093%$3.0M$12.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5512+0.014%$442K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5500−0.060%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5494−0.102%$39.4M$80.4M100xas long as short
Pacifica XRP+0.0100%1h1.5505−0.031%$638K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5495−0.093%$554.9M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5493−0.109%$346.3M$918.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5493−0.109%$126.7M$884.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5546+0.233%$578K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5504−0.038%$116K$754K20xas long as short
Bulk XRP-USD+0.0100%1h1.5506−0.026%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5497−0.083%$373.5M$144.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5497−0.083%$295.5M$872.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5496−0.090%$113.0M$163.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5493−0.109%$271.2M$370.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5497−0.083%$3.7Mas long as short
Variational Omni XRPshort+0.0100%8h1.5522+0.075%$11.6M$30.5M
edgeX XRPUSDC+0.0100%4h1.5600+0.583%$677K$103.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5556+0.297%$1.1M$40.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5597+0.562%$1.0M$899K50xas long as short
Vest XRP-PERP+0.0100%1h1.5504−0.040%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5498−0.077%$48K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5497−0.083%$42K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5495−0.093%$834K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5498−0.073%$130K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5493−0.109%$33K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5501−0.055%$50.9M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5493−0.109%$55.1M$29.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5506−0.023%$483K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5503−0.044%$12K$268K20xas long as short
Extended XRP-USD+0.0104%1h1.5490−0.129%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5493−0.110%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5503−0.044%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5495−0.097%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5514+0.027%$24.5M$74.4M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5504−0.038%$5.9M$47.4M50xas long as short
Hibachi XRP/USDT-P+0.0256%1h1.5527+0.111%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5546+0.233%$2.0M$34.0M2.9xas long as short
Backpack XRP_USDC_PERP+0.0340%1h1.5521+0.072%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0608%1h1.5514+0.027%$294.8M$209.8M20xas long as short
RISEx XRP/USDClong+0.0761%1h1.5510long leg$504K$632K10x
Aftermath Perps XRPUSD+0.0807%1h1.5564+0.347%$1K$11K10xas long as short