Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Gate against Derive−0.044%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.044%, 7d avg −0.002%

Together, before fees+0.175%+$17 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 0.042% cheaper against Derive than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5255	0.0100	pay 0.0013% / 1h	36m 38s	$822K	$70K	10x
Short	Gate XRP_USDT	1.5248	0.0100	get 0.0100% / 8h	2h 36m	$355.7M	$129.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Derive. 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 DerivebpFee GatebpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.002%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$25.19
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Gate: live order book, 2 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.33 bp	8.9 bp −$9	12.6 bp −$126	31.5 bp −$3,145	43.1 bp −$21.6K

Derive: 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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5263	+0.057%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5194	−0.398%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5251	−0.023%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.100%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5260	+0.035%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5264	+0.064%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.231%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5254	−0.005%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5254	−0.002%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5254	−0.005%	$443K	$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
Aster XRPUSDT	+0.0100%	8h	1.5256	+0.006%	$38.8M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5255	+0.001%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5255	+0.004%	$545.6M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5260	+0.035%	$342.2M	$835.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5254	−0.005%	$123.0M	$827.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5181	−0.483%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5251	−0.024%	$115K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.038%	$1.6M	$350K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5248	−0.044%	$355.7M	$129.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5249	−0.037%	$289.5M	$800.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5252	−0.018%	$112.3M	$146.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5249	−0.037%	$265.4M	$338.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5248	−0.044%	—	$113.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	+0.052%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.264%	$662K	$95.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	−0.054%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.061%	$1.0M	$842K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5265	+0.068%	$1.1M	$5.2M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5252	−0.018%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5265	+0.068%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5263	+0.057%	$42K	$59K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5255	long leg	$822K	$70K	10x
SunX XRP-USDT	+0.0100%	8h	1.5269	+0.094%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	−0.011%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5246	−0.058%	$50.2M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5255	+0.002%	$54.6M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5248	−0.042%	$475K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5256	+0.009%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5243	−0.077%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5257	+0.016%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0120%	1h	1.5268	+0.087%	$1.7M	$924K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5253	−0.011%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5252	−0.016%	$15.3M	$63.2M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5267	+0.081%	$5.4M	$43.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5263	+0.056%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0220%	8h	1.5271	+0.107%	$1.7M	$31.7M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5260	+0.035%	$23.8M	$66.4M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5226	−0.186%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5258	+0.025%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0445%	1h	1.5270	+0.100%	$280.1M	$179.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0513%	1h	1.5245	−0.062%	$1K	$10K	10x	as long as short