Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bitget0.000%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2852.847% of the position

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now 0.000%, 7d avg −0.004%

Together, before fees+0.049%+$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	Bitget XRPUSDT	1.5322	0.0100	pay 0.0100% / 8h	2h 26m	$266.6M	$339.4M	125x
Short	gTrade (Gains Network) XRP/USD	1.5322	L +0.0003% / S −0.0004%	get 0.0001% / 1h	26m 06s	$256K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now 0.000%Rate

Funding earned: −$20.14
Price spread: 0.000% → −0.004%: $0.36
Slippage, 4 orders: −$262.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$304.48
Costs to cover: 2.847%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 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 Bitget live order book, 3 min ago	0.33 bp	7.2 bp −$7	11.0 bp −$110	19.1 bp −$1,915	28.6 bp −$14.3K
Sell gTrade (Gains Network) virtual book (oracle venue), 63 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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5320	−0.011%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	−0.372%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5316	−0.040%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	−0.470%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5322	0.000%	$256K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5324	+0.013%	$9.2M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.209%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5314	−0.052%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5323	+0.007%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5323	+0.007%	$445K	$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
Nado XRP-PERP	+0.0100%	1h	1.5305	−0.108%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5322	+0.002%	$38.9M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	+0.001%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5322	+0.003%	$547.8M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5323	+0.007%	$343.1M	$835.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5322	0.000%	$123.6M	$831.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	−0.163%	$569K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5315	−0.046%	$114K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.789%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5320	−0.013%	$367.4M	$131.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5323	+0.007%	$288.8M	$805.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5319	−0.022%	$113.6M	$147.0M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5322	long leg	$266.6M	$339.4M	125x
BingX XRP-USDT	+0.0100%	8h	1.5321	−0.007%	—	$113.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.765%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5202	−0.784%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.660%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.770%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5304	−0.118%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5315	−0.046%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	−0.013%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5318	−0.025%	$825K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5324	+0.016%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5319	−0.020%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5303	−0.122%	$50.4M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5317	−0.033%	$54.8M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5302	−0.128%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5316	−0.039%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5317	−0.034%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5317	−0.031%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5319	−0.020%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0151%	1h	1.5332	+0.065%	$1.7M	$924K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5318	−0.029%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5328	+0.039%	$5.4M	$43.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5311	−0.071%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0211%	8h	1.5318	−0.026%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	−0.150%	$23.9M	$66.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5249	−0.476%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5320	−0.015%	$406K	$496K	10x	as long as short
Hyperliquid XRP	+0.0464%	1h	1.5339	+0.111%	$282.1M	$181.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5253	−0.447%	$1K	$11K	10x	as long as short