Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Aevo+0.038%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.038% dearer against Aevo than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo XRP-PERP	1.5028	0.0104	pay 0.0013% / 1h	6m 33s	$72K	$39K	3x
Short	gTrade (Gains Network) XRP/USD	1.5034	L +0.0003% / S −0.0004%	get 0.0000% / 1h	6m 33s	$242K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aevo. 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 AevobpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.038%Rate

Funding earned: −$21.04
Price spread: +0.038% → 0.000%: $3.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.22
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 27 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 27 min ago	130.06 bp	135.1 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	doesn't fit

Aevo: 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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5034	+0.036%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5028	−0.002%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5014	−0.094%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5035	+0.044%	$8.7M	$22.4M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5034	+0.038%	$242K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.4990	−0.255%	$2K	$62K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5023	−0.036%	$178K	$779K	50x	as long as short
Vest XRP-PERP	+0.0090%	1h	1.5017	−0.079%	—	$9K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5017	−0.074%	$2.9M	$10.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5024	−0.029%	$571K	$2.4M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5025	−0.022%	$12K	$249K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5008	−0.132%	$1.0M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5017	−0.079%	$38.3M	$68.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5015	−0.089%	$663K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5013	−0.100%	$528.5M	$1.75B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5015	−0.089%	$338.8M	$784.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5013	−0.102%	$124.8M	$788.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5063	+0.230%	$559K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5018	−0.069%	$111K	$613K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5015	−0.089%	$1.6M	$139K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5005	−0.155%	$349.1M	$127.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5010	−0.122%	$309.7M	$769.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5011	−0.117%	$110.8M	$137.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5012	−0.109%	$259.0M	$320.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5010	−0.122%	—	$104.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5062	+0.227%	$6.7M	$21.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5058	+0.198%	$654K	$89.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5071	+0.281%	$1.1M	$40.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5064	+0.237%	$997K	$793K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5018	−0.069%	$60K	$432K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5008	−0.138%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5029	+0.003%	$810K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5027	−0.007%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5029	+0.004%	$34K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5020	−0.054%	$49.5M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5032	+0.024%	$54.0M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5012	−0.108%	$468K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5006	−0.147%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5025	−0.022%	$8K	$8K	10x	as long as short
Aevo XRP-PERPlong	+0.0104%	1h	1.5028	long leg	$72K	$39K	3x
Kalshi KXXRPPERP	+0.0160%	8h	1.5029	+0.004%	$1.8M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0177%	1h	1.5040	+0.077%	$1.7M	$916K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5037	+0.057%	$5.1M	$39.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5009	−0.126%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5032	+0.024%	$23.4M	$59.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5038	+0.066%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5031	+0.015%	$15.2M	$55.9M	50x	as long as short
Hyperliquid XRP	+0.0352%	1h	1.5027	−0.009%	$273.4M	$159.5M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5026	−0.015%	$407K	$489K	10x	as long as short
Aftermath Perps XRPUSD	+0.0460%	1h	1.5036	+0.053%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.144%	$67K	$89K	15x	as long as short