Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.033%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.033%, 7d avg −0.003%

Together, before fees−0.032%−$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: Gate is 0.035% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5254	0.0100	pay 0.0100% / 8h	5h 31m	$269.7M	$356.5M	125x
Short	Gate XRP_USDT	1.5259	0.0100	get 0.0100% / 8h	5h 31m	$379.5M	$158.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.003%: $3.53
Slippage, 4 orders: −$5.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.38
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago	0.33 bp	6.3 bp −$6	8.0 bp −$80	21.8 bp −$2,176	31.2 bp −$15.6K
Sell Gate live order book, 5 min ago	0.33 bp	10.4 bp −$10	14.8 bp −$148	28.6 bp −$2,859	39.8 bp −$19.9K

XRP on 50 exchanges

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	1.5337	+0.544%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0063%	1h	1.5260	+0.039%	$13.8M	$69.8M	50x	as long as short
01 Exchange XRPUSD	−0.0024%	1h	1.5200	−0.354%	$8K	$987	10x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5246	−0.050%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	−0.092%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5258	+0.026%	$7.6M	$21.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5252	−0.012%	$241K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.006%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5251	−0.020%	$17K	$76K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5246	−0.053%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5249	−0.033%	$591K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5244	−0.066%	$475K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5246	−0.052%	$10K	$402K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5263	+0.056%	$1.1M	$5.8M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5262	+0.052%	$295.7M	$266.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5242	−0.079%	$38.7M	$80.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5249	−0.034%	$589K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5244	−0.066%	$529.4M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5248	−0.039%	$357.6M	$880.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5245	−0.059%	$123.2M	$826.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5184	−0.459%	$561K	$36K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5256	+0.013%	$163K	$696K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5259	+0.033%	$379.5M	$158.4M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5245	−0.059%	$304.9M	$900.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5257	+0.019%	$104.4M	$181.5M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5254	long leg	$269.7M	$356.5M	125x
BingX XRP-USDT	+0.0100%	8h	1.5257	+0.020%	—	$99.4M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5267	+0.085%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5281	+0.174%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5293	+0.258%	$664K	$108.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5293	+0.254%	$1.1M	$31.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5268	+0.092%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5255	+0.007%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5262	+0.052%	$52K	$473K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5256	+0.011%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5250	−0.026%	$83K	$601K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5258	+0.030%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5256	+0.013%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5240	−0.090%	$49.7M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5253	−0.007%	$54.3M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5287	+0.213%	$1.6M	$32K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5251	−0.022%	$2.1M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5249	−0.036%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5259	+0.033%	$5.4M	$43.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0129%	8h	1.5255	+0.007%	$1.9M	$35.4M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5249	−0.033%	$23.8M	$77.7M	125x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0221% / S −0.0557%	1h	1.5263	+0.057%	$821K	—	200x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5241	−0.085%	$1.3M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5256	+0.012%	$512K	$735K	10x	as long as short
Aftermath Perps XRPUSD	+0.0343%	1h	1.5274	+0.130%	$3K	$13K	10x	as long as short