Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Bybit−0.112%7-day average +0.005% · 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−$294as in the Price arb table
costs, in and out, $10k−$2822.819% of the position
Funding, last 3 days (all we have)−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.112%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.117% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XRPUSDT | 1.5146 | 0.0100 | pay 0.0100% / 8h | 6h 19m | $341.1M | $940.4M | 100x |
| Short | gTrade (Gains Network) XRP/USD | 1.5129 | L +0.0003% / S −0.0004% | get 0.0001% / 1h | 19m 57s | $253K | — | 150x |
Bybit XRPUSDT
gTrade (Gains Network) XRP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Bybit. 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
- −$20.13
- Price spread: −0.112% → +0.005%
- −$11.68
- Slippage, 4 orders
- −$260.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$313.71
- Costs to cover
- 2.819%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 49 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 Bybit live order book, 4 min ago | 0.33 bp | 5.9 bp −$6 | 7.7 bp −$77 | 12.9 bp −$1,287 | 24.3 bp −$12.1K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 49 min ago | 130.04 bp | 135.0 bp −$135 | 193.1 bp −$1,931 | 1958.1 bp −$195.8K | doesn't fit |
XRP on 50 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 | 1.5153 | +0.046% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5135 | −0.076% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5210 | +0.423% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USDshort | L +0.0003% / S −0.0004% | 1h | 1.5129 | −0.112% | $253K | — | 150x | |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5133 | −0.086% | $7.6M | $25.3M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0021% / S +0.0058% | 1h | 1.5129 | −0.112% | $800K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.733% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5129 | −0.110% | $14.5M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5133 | −0.086% | $62K | $953K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5134 | −0.080% | $2.8M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5136 | −0.066% | $511K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5128 | −0.119% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5138 | −0.050% | $935K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5134 | −0.082% | $38.5M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5136 | −0.068% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5148 | +0.013% | $537.3M | $2.11B | 100x | as long as short |
| Bybit XRPUSDTlong | +0.0100% | 8h | 1.5146 | long leg | $341.1M | $940.4M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5148 | +0.013% | $124.1M | $871.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5173 | +0.178% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5137 | −0.059% | $115K | $700K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.287% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5135 | −0.073% | $368.2M | $152.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5145 | −0.007% | $289.5M | $914.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5140 | −0.038% | $107.1M | $171.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5145 | −0.007% | $266.8M | $384.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5131 | −0.099% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | +0.031% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5169 | +0.149% | $659K | $109.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5186 | +0.264% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5174 | +0.185% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5139 | −0.046% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5133 | −0.086% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5133 | −0.088% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5136 | −0.068% | $814K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5138 | −0.053% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5132 | −0.092% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5135 | −0.075% | $49.6M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5136 | −0.066% | $53.8M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5134 | −0.076% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5142 | −0.023% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5130 | −0.109% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5136 | −0.066% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0197% | 1h | 1.5144 | −0.013% | $280.3M | $221.9M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5130 | −0.105% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5136 | −0.066% | $5.7M | $46.6M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5154 | +0.052% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0344% | 1h | 1.5149 | +0.020% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0362% | 8h | 1.5141 | −0.033% | $2.1M | $35.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5137 | −0.057% | $530K | $786K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0748% | 1h | 1.5161 | +0.098% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD