Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against edgeX+0.029%68s7-day average +0.019% · 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—prices read too far apart to compare

costs, in and out, $10k−$2812.811% of the position

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.029%, 7d avg +0.019%

Together, before fees+0.119%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.055%, so the current rate has only just turned against you. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5131	0.0100	pay 0.0050% / 4h	2h 02m	$657K	$109.4M	30x
Short	gTrade (Gains Network) XRP/USD	1.5135	L +0.0003% / S −0.0004%	get 0.0001% / 1h	2m 16s	$253K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.029%Rate

Funding earned: −$20.13
Price spread: +0.029% → +0.019%: $0.98
Slippage, 4 orders: −$262.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$300.21
Costs to cover: 2.811%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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 edgeX live order book, 2 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.5 bp −$849	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	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	+0.144%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5128	−0.018%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.257%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5135	+0.029%	$253K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0053%	1h	1.5135	+0.023%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.834%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5132	+0.008%	$14.5M	$72.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5137	+0.039%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5127	−0.027%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5125	−0.041%	$508K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5123	−0.054%	$10K	$299K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5124	−0.051%	$974K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5130	−0.005%	$38.4M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5126	−0.036%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5141	+0.065%	$536.6M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5138	+0.045%	$341.6M	$926.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5136	+0.032%	$124.6M	$864.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5128	−0.021%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	+0.019%	$115K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.085%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5138	+0.045%	$368.2M	$153.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5144	+0.085%	$293.3M	$919.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5134	+0.020%	$106.8M	$170.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5136	+0.032%	$267.1M	$380.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5140	+0.059%	—	$126.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.064%	$6.3M	$35.7M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5131	long leg	$657K	$109.4M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5161	+0.197%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5137	+0.039%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5139	+0.055%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	+0.059%	$42K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5139	+0.050%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	+0.043%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	+0.070%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5135	+0.025%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	+0.052%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5137	+0.039%	$53.9M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.006%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	−0.002%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5133	+0.015%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5133	+0.012%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5137	+0.039%	$7.7M	$25.1M	50x	as long as short
Hyperliquid XRP	+0.0158%	1h	1.5147	+0.105%	$280.3M	$219.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5136	+0.033%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5142	+0.072%	$5.7M	$46.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5161	+0.199%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0333%	1h	1.5137	+0.039%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0359%	8h	1.5146	+0.098%	$2.1M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5135	+0.026%	$527K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0766%	1h	1.5149	+0.119%	$2K	$14K	10x	as long as short