Settings8H · net · $10k
Funding arb · Price arb /

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: gTrade (Gains Network) against dYdX−0.034%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$353as in the Price arb table
costs, in and out, $10k−$3503.500% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.034%, 7d avg −0.007%
Together, before fees+0.108%+$11 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: gTrade (Gains Network) is 0.027% cheaper against dYdX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.51450get 0.0000% / 1h55m 27s$1.1M$148K10x
ShortgTrade (Gains Network) XRP/USD1.5140L +0.0003% / S −0.0004%get 0.0000% / 1h55m 27s$245K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against dYdX. 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

Funding earned
$0.82
Price spread: −0.034% → −0.007%
−$2.71
Slippage, 4 orders
−$330.02
Fee dYdX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$351.91
Costs to cover
3.500%
Break-even
3012.9 days
Slippage from dYdX: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 4 min ago33.67 bp38.7 bp −$3960.7 bp −$607146.4 bp −$14.6K259.9 bp −$130.0K
Sell gTrade (Gains Network) virtual book (oracle venue), 54 min ago130.02 bp135.0 bp −$135193.2 bp −$1,9321958.1 bp −$195.8Kdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5158+0.088%$5K$3K20xas long as short
dYdX XRP-USDlong0.0000%1h1.5145long leg$1.1M$148K10x
Phoenix XRP0.0000%1h1.5150+0.035%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDshortL +0.0003% / S −0.0004%1h1.5140−0.034%$245K150x
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5146+0.008%$7.7M$25.2M50xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5136−0.057%$14.4M$75.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.742%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0072%1h1.5146+0.008%$8K$8K10xas long as short
GMX XRP/USD [ETH-USDC]L +0.0077% / S −0.0023%1h1.5143−0.011%$799K200xas long as short
Lighter XRP+0.0096%1h1.5154+0.058%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5154+0.061%$546K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5136−0.058%$11K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5150+0.038%$999K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5144−0.005%$38.4M$87.5M100xas long as short
Pacifica XRP+0.0100%1h1.5154+0.063%$603K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5143−0.011%$528.3M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5144−0.005%$343.9M$967.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5146+0.008%$126.9M$891.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5154+0.061%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5150+0.035%$143K$718K20xas long as short
Bulk XRP-USD+0.0100%1h1.5166+0.140%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5144−0.005%$374.9M$157.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5146+0.008%$297.1M$916.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5148+0.020%$107.3M$182.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5145+0.002%$266.5M$399.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5144−0.005%$106.2Mas long as short
Variational Omni XRP+0.0100%8h1.5135−0.065%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5133−0.080%$659K$114.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5133−0.078%$1.1M$36.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5156+0.074%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5150+0.034%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5150+0.035%$46K$491K20xas long as short
Bullet XRP-USD+0.0100%1h1.5140−0.032%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5145+0.002%$62K$932K50xas long as short
Derive XRP-PERP+0.0100%1h1.5139−0.040%$815K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5141−0.024%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5136−0.058%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5142−0.018%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5139−0.038%$54.0M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5158+0.087%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5142−0.016%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5141−0.022%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0168%1h1.5152+0.045%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0169%1h1.5156+0.074%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5147+0.015%$5.7M$48.4M50xas long as short
Hyperliquid XRP+0.0196%1h1.5160+0.101%$289.2M$264.6M20xas long as short
Kalshi KXXRPPERP+0.0212%8h1.5146+0.008%$1.7M$35.4M2.9xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5143−0.009%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5141−0.025%$23.3M$77.6M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5150+0.038%$517K$792K10xas long as short
Aftermath Perps XRPUSD+0.0571%1h1.5154+0.059%$2K$16K10xas long as short