Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.089%
Price spread now: GMX against Bitget−0.110%7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.110%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.133% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XRPUSDT | 1.5061 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $264.5M | $397.4M | 125x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5044 | L +0.0069% / S −0.0013% | get 0.0002% / 1h | 21m 12s | $789K | — | 200x |
Bitget XRPUSDT
GMX XRP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.27
- Price spread: −0.110% → +0.022%
- −$13.26
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$55.53
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 3 min ago; GMX: no order-book sample. 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 Bitget live order book, 3 min ago | 0.33 bp | 7.1 bp −$7 | 10.1 bp −$101 | 19.8 bp −$1,977 | 29.6 bp −$14.8K |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5052 | −0.060% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5043 | −0.119% | $14.1M | $74.6M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5050 | −0.075% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.4980 | −0.538% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5047 | −0.094% | $243K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0016% | 1h | 1.5046 | −0.100% | $7.7M | $25.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.313% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0069% / S −0.0013% | 1h | 1.5044 | −0.110% | $789K | — | 200x | |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5066 | +0.033% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5046 | −0.100% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5050 | −0.073% | $544K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5053 | −0.053% | $10K | $359K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5064 | +0.017% | $985K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5075 | +0.093% | $287.6M | $261.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5048 | −0.086% | $38.3M | $87.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5057 | −0.026% | $602K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5048 | −0.084% | $522.9M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5044 | −0.113% | $342.3M | $964.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5062 | +0.007% | $125.0M | $880.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4996 | −0.432% | $560K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5067 | +0.040% | $144K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5026 | −0.229% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5060 | −0.007% | $369.6M | $159.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5062 | +0.007% | $285.1M | $921.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5047 | −0.093% | $104.9M | $180.9M | 75x | as long as short |
| Bitget XRPUSDTlong | +0.0100% | 8h | 1.5061 | long leg | $264.5M | $397.4M | 125x | |
| BingX XRP-USDT | +0.0100% | 8h | 1.5061 | 0.000% | — | $106.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.4960 | −0.670% | $4.7M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5000 | −0.406% | $651K | $113.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5028 | −0.219% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5002 | −0.392% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5068 | +0.046% | $51K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5054 | −0.046% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5047 | −0.093% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5043 | −0.119% | $809K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5051 | −0.064% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5046 | −0.100% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5046 | −0.101% | $49.2M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5045 | −0.106% | $53.6M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5063 | +0.016% | $470K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5060 | −0.007% | — | $15K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5039 | −0.145% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5042 | −0.128% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0174% | 8h | 1.5065 | +0.027% | $1.7M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0179% | 1h | 1.5057 | −0.027% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5049 | −0.080% | $5.6M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0192% | 1h | 1.5040 | −0.141% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5054 | −0.048% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5051 | −0.066% | $23.3M | $76.7M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5065 | +0.029% | $518K | $786K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0614% | 1h | 1.5017 | −0.292% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD