Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against dYdX−0.016%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$650.650% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.016%, 7d avg +0.001%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5233	0	get 0.0000% / 1h	41m 29s	$1.1M	$148K	10x
Short	Gate XRP_USDT	1.5231	0.0100	get 0.0100% / 8h	41m 29s	$379.7M	$160.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee dYdXbpFee GatebpOrdersPrice spread, now −0.016%Rate

Funding earned: $21
Price spread: −0.016% → +0.001%: −$1.75
Slippage, 4 orders: −$40.04
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.79
Costs to cover: 0.650%
Break-even: 22.3 days

Slippage from dYdX: 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 dYdX live order book, 3 min ago	15.44 bp	23.3 bp −$23	36.1 bp −$361	57.2 bp −$5,717	102.9 bp −$51.5K
Sell Gate live order book, 3 min ago	0.33 bp	11.0 bp −$11	14.1 bp −$141	25.1 bp −$2,511	36.4 bp −$18.2K

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	1.5235	+0.010%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5233	long leg	$1.1M	$148K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5248	+0.096%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5252	+0.122%	$7.9M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.143%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5244	+0.067%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5234	+0.003%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5236	+0.017%	$602K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5230	−0.023%	$12K	$372K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0100% / S −0.0058%	1h	1.5250	+0.105%	$787K	—	200x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5233	0.000%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5235	+0.010%	$38.6M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5234	+0.003%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5232	−0.012%	$533.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	−0.023%	$350.7M	$956.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5232	−0.010%	$128.5M	$876.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5224	−0.062%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5242	+0.056%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.282%	$1.6M	$5K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5231	−0.016%	$379.7M	$160.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5234	+0.003%	$314.9M	$920.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5236	+0.015%	$107.2M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5232	−0.010%	$269.2M	$391.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5232	−0.010%	—	$107.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5239	+0.033%	$4.9M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5232	−0.011%	$663K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.119%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.102%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5240	+0.042%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5237	+0.023%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5249	+0.103%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5233	−0.003%	$78K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5238	+0.030%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5258	+0.164%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5243	+0.063%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5256	+0.145%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5248	+0.095%	$54.5M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5236	+0.019%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5230	−0.020%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5247	+0.089%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5240	+0.043%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5250	+0.106%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0155%	1h	1.5248	+0.095%	$290.9M	$268.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5251	+0.115%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5252	+0.122%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0204%	8h	1.5237	+0.023%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5249	+0.102%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	−0.043%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5238	+0.033%	$529K	$804K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5260	+0.174%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0647%	1h	1.5237	+0.023%	$2K	$16K	10x	as long as short