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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 19:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h −0.011%
Price spread now: GMX against SoDEX+0.057%7-day average +0.028% · 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 4 days (all we have)−0.221%−$22 on $10k
Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.057%, 7d avg +0.028%
Together, before fees−0.172%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.029% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 4 days funding on this pair cost −0.221%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.58460.0100pay 0.0013% / 1h3m 58s$24K$1.7M10x
ShortGMX XRP/USD [ETH-USDC]1.5855L +0.0295% / S −0.0216%get 0.0027% / 1h3m 58s$1.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against SoDEX. 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
$24.32
Price spread: +0.057% → +0.028%
$2.89
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$7.21
Costs to cover
0.200%
Break-even
4.9 days
Slippage unknown: SoDEX: live order book, 3 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 3 min ago0.32 bp4.3 bp −$46.5 bp −$65doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 50 exchanges

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%1h1.5851+0.032%$6K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5843−0.016%$1.2M$232K10xas long as short
Phoenix XRP0.0000%1h1.5840−0.038%$77K$55K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5855+0.054%$254K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5720−0.795%$2K$205K30xas long as short
Coinbase International XRP-PERP-INTX+0.0040%1h1.5850+0.025%$5.1M$50.7M50xas long as short
Aftermath Perps XRPUSD+0.0076%1h1.5830−0.104%$3K$16K10xas long as short
Orderly PERP_XRP_USDC+0.0091%8h1.5851+0.032%$73K$399K50xas long as short
Lighter XRP+0.0096%1h1.5853+0.044%$3.3M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5855+0.057%$561K$3.6M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0099%8h1.5840−0.035%$491K$4K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5835−0.069%$11K$945K20xas long as short
Nado XRP-PERP+0.0100%1h1.5795−0.319%$957K$6.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5859+0.082%$40.1M$90.4M100xas long as short
Pacifica XRP+0.0100%1h1.5844−0.013%$604K$918K20xas long as short
Binance XRPUSDT+0.0100%8h1.5861+0.095%$563.2M$2.30B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5859+0.082%$363.8M$984.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5858+0.076%$133.5M$970.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5829−0.107%$581K$51K5xas long as short
Arcus XRP-USD+0.0100%1h1.5837−0.057%$135K$887K20xas long as short
Bulk XRP-USD+0.0100%1h1.5834−0.073%$1.7M$26620xas long as short
Gate XRP_USDT+0.0100%8h1.5850+0.025%$388.0M$198.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5863+0.107%$338.1M$937.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5862+0.098%$131.9M$218.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5861+0.095%$278.2M$403.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5870+0.151%$88.8Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5866+0.126%$1.8M$2.1M25xas long as short
Variational Omni XRP+0.0100%8h1.5848+0.011%$7.4M$30.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5797−0.311%$685K$120.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5813−0.210%$1.1M$35.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5800−0.290%$1.3M$1.1M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5852+0.038%$55K$319K20xas long as short
Bullet XRP-USD+0.0100%1h1.5851+0.031%$44K$53K20xas long as short
Derive XRP-PERP+0.0100%1h1.5849+0.020%$854K$102K10xas long as short
SunX XRP-USDT+0.0100%8h1.5854+0.050%$133K$1.4M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5846long leg$24K$1.7M10x
HTX XRP-USDT+0.0100%8h1.5841−0.033%$51.1M$13.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.58460.000%$57.0M$34.5M50xas long as short
Vest XRP-PERP+0.0100%1h1.5846−0.002%$9K10xas long as short
Extended XRP-USD+0.0104%1h1.5862+0.100%$2.4M$6.4M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5849+0.019%$61K$25K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0128%1h1.5860+0.088%$8.4M$19.7M50xas long as short
01 Exchange XRPUSD+0.0144%1h1.5845−0.006%$9K$79610xas long as short
Hyperliquid XRP+0.0150%1h1.5870+0.151%$311.3M$279.5M20xas long as short
Kalshi KXXRPPERP+0.0178%8h1.5854+0.050%$1.7M$35.6M2.9xas long as short
Kraken Futures PF_XRPUSD+0.0180%1h1.5852+0.036%$14.9M$67.4M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5840−0.038%$25.6M$82.4M125xas long as short
Reya XRPRUSDPERP+0.0231%1h1.5849+0.020%$1.4M$2K15xas long as short
RISEx XRP/USDC+0.0241%1h1.5843−0.019%$557K$847K10xas long as short
GMX XRP/USD [ETH-USDC]shortL +0.0295% / S −0.0216%1h1.5855+0.057%$1.4M200x