Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bulk+0.464%7-day average −0.014% · 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+$19as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days−0.466%−$47 · spread now +0.464%, 7d avg −0.014%

Together, before fees−0.461%−$46 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 0.478% dearer against Bulk than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5183	0.0100	pay 0.0013% / 1h	15m 42s	$1.6M	$49K	20x
Short	Gate XRP_USDT	1.5253	0.0100	get 0.0100% / 8h	5h 15m	$369.7M	$153.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bulk. 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 BulkbpFee GatebpOrdersPrice spread, now +0.464%Rate

Funding earned: $0
Price spread: +0.464% → −0.014%: $47.79
Slippage, 4 orders: −$7.16
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $18.63
Costs to cover: 0.292%
Break-even: from the start

Slippage from Bulk: live order book, 3 min ago; Gate: live order book, 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 Bulk live order book, 3 min ago	0.66 bp	4.6 bp −$5	5.9 bp −$59	12.5 bp −$1,248	26.4 bp −$13.2K
Sell Gate live order book, 3 min ago	0.33 bp	9.1 bp −$9	11.3 bp −$113	24.7 bp −$2,466	35.6 bp −$17.8K

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	1.5251	+0.451%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5228	+0.302%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5261	+0.516%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5263	+0.530%	$7.8M	$25.5M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0039%	1h	1.5263	+0.532%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.486%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5256	+0.484%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5260	+0.510%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5230	+0.312%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5234	+0.339%	$515K	$3.3M	20x	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	+0.0100%	8h	1.5248	+0.431%	$10K	$310K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5252	+0.460%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5242	+0.391%	$283.3M	$222.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5256	+0.481%	$38.6M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	+0.309%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5226	+0.284%	$539.1M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5225	+0.279%	$347.3M	$929.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5227	+0.293%	$126.6M	$873.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5241	+0.385%	$567K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5231	+0.319%	$115K	$712K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5183	long leg	$1.6M	$49K	20x
Gate XRP_USDTshort	+0.0100%	8h	1.5253	+0.464%	$369.7M	$153.3M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5224	+0.273%	$297.3M	$902.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5226	+0.287%	$109.3M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5227	+0.293%	$269.9M	$380.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5228	+0.299%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5260	+0.507%	$6.0M	$36.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5220	+0.250%	$661K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5229	+0.304%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5231	+0.319%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5253	+0.465%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5264	+0.536%	$43K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5265	+0.545%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5261	+0.514%	$821K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5271	+0.582%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5260	+0.510%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5255	+0.478%	$50.0M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5259	+0.503%	$54.3M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5226	+0.288%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5222	+0.263%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5259	+0.505%	$59K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0197%	1h	1.5265	+0.543%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5258	+0.499%	$1.3M	$7K	15x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5245	+0.413%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5268	+0.563%	$5.6M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5250	+0.444%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0271%	1h	1.5256	+0.484%	$14.5M	$73.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0349%	8h	1.5259	+0.503%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5231	+0.317%	$519K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5230	+0.312%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0653%	1h	1.5227	+0.295%	$2K	$14K	10x	as long as short