Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Arcus−0.045%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.045%, 7d avg +0.002%

Together, before fees+0.105%+$10 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: Gate is 0.047% cheaper against Arcus than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5706	0.0100	pay 0.0013% / 1h	42m 16s	$121K	$726K	20x
Short	Gate XRP_USDT	1.5699	0.0100	get 0.0100% / 8h	1h 42m	$376.8M	$136.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.002%: −$4.68
Slippage, 4 orders: −$12.61
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.79
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Arcus: live order book, 42 min ago; Gate: live order book, 2 min ago.

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 Arcus live order book, 42 min ago	1.30 bp	5.3 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.32 bp	12.3 bp −$12	15.5 bp −$155	30.6 bp −$3,061	41.3 bp −$20.6K

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5711	+0.032%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5698	−0.049%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5698	−0.051%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5702	−0.022%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.649%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5695	−0.069%	$15.7M	$67.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5697	−0.057%	$82K	$938K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0139%	1h	1.5698	−0.051%	$925K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5698	−0.053%	$3.1M	$11.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5713	+0.045%	$464K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5708	+0.011%	$39.9M	$75.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5697	−0.057%	$678K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5701	−0.034%	$569.7M	$1.93B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5705	−0.006%	$354.3M	$876.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5699	−0.045%	$128.5M	$875.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.579%	$581K	$41K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5706	long leg	$121K	$726K	20x
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.140%	$1.7M	$572K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5699	−0.045%	$376.8M	$136.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5694	−0.076%	$293.9M	$829.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5698	−0.048%	$114.4M	$155.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5696	−0.064%	$273.1M	$355.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5702	−0.025%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	−0.458%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5683	−0.150%	$681K	$99.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5730	+0.155%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5698	−0.051%	$1.0M	$879K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5711	+0.029%	$1.1M	$5.4M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5703	−0.021%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5704	−0.013%	$48K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5696	−0.064%	$42K	$63K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5701	−0.031%	$845K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5698	−0.049%	$132K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5696	−0.064%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5699	−0.044%	$51.6M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5720	+0.089%	$55.9M	$28.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5698	−0.050%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5711	+0.032%	$13K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5696	−0.065%	$2.2M	$7.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5704	−0.011%	$18K	$81K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5699	−0.045%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5714	+0.051%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5701	−0.029%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5704	−0.013%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5717	+0.070%	$24.8M	$72.6M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5724	+0.115%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0371%	1h	1.5723	+0.108%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5740	+0.216%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5718	+0.078%	$413K	$560K	10x	as long as short
Aftermath Perps XRPUSD	+0.0598%	1h	1.5660	−0.295%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0645%	1h	1.5720	+0.089%	$292.1M	$198.2M	20x	as long as short