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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against SunX+0.003%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$590.591% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.112%−$11 on $10k
Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.003%, 7d avg −0.018%
Together, before fees−0.034%−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.021% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XRP-USDT1.49450.0100pay 0.0100% / 8h2h 27m$125K$1.8M30x
ShortBinance XRPUSDT1.49450.0100get 0.0100% / 8h2h 27m$523.1M$2.22B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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
$0
Price spread: +0.003% → −0.018%
$2.13
Slippage, 4 orders
−$41.08
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$56.96
Costs to cover
0.591%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago19.03 bp23.0 bp −$2327.6 bp −$276doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.33 bp5.3 bp −$56.9 bp −$6911.6 bp −$1,16133.1 bp −$16.5K

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%1h1.4958+0.090%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.4943−0.010%$14.1M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.4966+0.147%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5010+0.438%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.4943−0.010%$7.6M$25.8M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.4937−0.052%$244K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+4.119%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.4935−0.062%$787K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.4960+0.104%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.4945+0.005%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.4945+0.003%$540K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.4940−0.030%$11K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.4948+0.027%$940K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.4957+0.084%$284.8M$261.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.4941−0.023%$38.1M$87.4M100xas long as short
Pacifica XRP+0.0100%1h1.4965+0.140%$598K$1.1M20xas long as short
Binance XRPUSDTshort+0.0100%8h1.4945+0.003%$523.1M$2.22B100x
Bybit XRPUSDT+0.0100%8h1.4944−0.003%$338.1M$969.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.4949+0.030%$123.5M$888.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4954+0.064%$559K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.4961+0.110%$143K$729K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.551%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.4940−0.030%$365.6M$158.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.4947+0.017%$278.1M$917.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.4946+0.007%$104.4M$180.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.4939−0.037%$262.2M$399.3M125xas long as short
BingX XRP-USDT+0.0100%8h1.4939−0.037%$106.1Mas long as short
Variational Omni XRP+0.0100%8h1.5004+0.399%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5011+0.448%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5001+0.376%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5018+0.492%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.4957+0.080%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.4947+0.017%$51K$492K20xas long as short
Bullet XRP-USD+0.0100%1h1.4939−0.037%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.4936−0.057%$61K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.4939−0.038%$804K$72K10xas long as short
SunX XRP-USDTlong+0.0100%8h1.4945long leg$125K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.4946+0.010%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.4938−0.045%$48.8M$15.9M75xas long as short
Phemex XRPUSDT+0.0100%8h1.4945+0.003%$53.3M$32.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.4966+0.141%$467K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.4938−0.041%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.4942−0.017%$57K$25K3xas long as short
Kalshi KXXRPPERP+0.0137%8h1.4956+0.077%$1.6M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0159%1h1.4983+0.258%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.4948+0.023%$5.5M$48.0M50xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.4967+0.152%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.4936−0.057%$1.3M$6K15xas long as short
BloFin XRP-USDT+0.0220%8h1.4939−0.037%$23.2M$76.1M125xas long as short
RISEx XRP/USDC+0.0305%1h1.4954+0.067%$510K$781K10xas long as short
Aftermath Perps XRPUSD+0.0633%1h1.5011+0.446%$2K$16K10xas long as short