Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Binance−0.012%7-day average −0.004% · 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−$282as in the Price arb table

costs, in and out, $10k−$2812.810% of the position

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.012%, 7d avg −0.004%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5242	0.0100	pay 0.0100% / 8h	3h 51m	$535.7M	$2.14B	100x
Short	gTrade (Gains Network) XRP/USD	1.5240	L +0.0003% / S −0.0004%	get 0.0001% / 1h	51m 21s	$255K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.012%Rate

Funding earned: −$20.13
Price spread: −0.012% → −0.004%: −$0.83
Slippage, 4 orders: −$260.97
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$301.93
Costs to cover: 2.810%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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 Binance live order book, 8 min ago	0.33 bp	5.6 bp −$6	7.5 bp −$75	13.0 bp −$1,301	29.2 bp −$14.6K
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	doesn't fit

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	1.5244	+0.015%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	+0.018%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5240	−0.012%	$255K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	−0.103%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	−0.147%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.089%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	−0.021%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5250	+0.055%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	+0.048%	$501K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5239	−0.017%	$62K	$934K	50x	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	+0.0098%	8h	1.5239	−0.017%	$15K	$341K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	+0.029%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5245	+0.020%	$38.6M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5245	+0.022%	$612K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5242	long leg	$535.7M	$2.14B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5239	−0.017%	$348.9M	$941.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5238	−0.024%	$127.8M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.444%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5246	+0.029%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.398%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5246	+0.029%	$373.1M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5247	+0.035%	$291.4M	$897.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5246	+0.029%	$108.9M	$176.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5249	+0.048%	$269.9M	$388.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5244	+0.015%	—	$127.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.674%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.321%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.137%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.234%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	−0.014%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	+0.022%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	+0.022%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	−0.018%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.070%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.109%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5233	−0.053%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.103%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	+0.020%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5234	−0.049%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	−0.034%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5250	+0.055%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	−0.109%	$5.6M	$47.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.037%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.273%	$24.2M	$76.2M	125x	as long as short
Hyperliquid XRP	+0.0221%	1h	1.5259	+0.114%	$293.0M	$234.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	−0.114%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	−0.070%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5247	+0.035%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5248	+0.039%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.536%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	−0.387%	$2K	$15K	10x	as long as short