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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.008%
Price spread now: edgeX against gTrade (Gains Network)+0.051%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2812.810% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.051%−$5 on $10k
Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.051%, 7d avg −0.013%
Together, before fees−0.310%+ Points / potential airdropedgeX: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.064% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 3 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5006L +0.0003% / S −0.0004%pay 0.0000% / 1h31m 09s$257K150x
ShortedgeX XRPUSDC1.50130.0100get 0.0050% / 4h2h 31m$652K$112.3M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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
$20.3
Price spread: +0.051% → −0.013%
$6.39
Slippage, 4 orders
−$262.04
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$254.35
Costs to cover
2.810%
Break-even
94.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 18 min ago; edgeX: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 18 min ago130.02 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell edgeX live order book, 3 min ago1.00 bp5.5 bp −$55.6 bp −$568.9 bp −$891doesn'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%1h1.5013+0.050%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5007+0.013%$14.2M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.5021+0.101%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5030+0.163%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5009+0.023%$7.6M$25.7M50xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5006long leg$257K150x
Injective XRP/USDC PERP+0.0033%1h1.5560+3.695%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5004−0.010%$786K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.5022+0.110%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5008+0.015%$2.8M$14.9M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5010+0.030%$494K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5012+0.043%$12K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5021+0.100%$914K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5019+0.090%$287.4M$259.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5005−0.003%$38.3M$86.8M100xas long as short
Pacifica XRP+0.0100%1h1.5021+0.100%$602K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5008+0.017%$526.1M$2.20B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5008+0.017%$341.2M$959.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5009+0.023%$124.4M$889.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5033+0.183%$559K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5024+0.123%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.143%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.5009+0.023%$367.8M$157.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5008+0.017%$285.8M$913.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5007+0.007%$106.2M$180.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5007+0.010%$264.7M$396.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.5005−0.003%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5067+0.411%$4.7M$38.3Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5013+0.051%$652K$112.3M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5026+0.137%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5014+0.057%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5016+0.073%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5012+0.043%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5006+0.003%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5006+0.003%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5004−0.009%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5019+0.092%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5007+0.010%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5005−0.006%$49.0M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5008+0.017%$53.5M$31.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5022+0.113%$468K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5003−0.020%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5006+0.003%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0133%8h1.5025+0.130%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0167%1h1.5016+0.070%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5012+0.043%$5.6M$48.2M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5026+0.134%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5006+0.006%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5001−0.030%$23.3M$75.8M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5023+0.117%$512K$777K10xas long as short
Aftermath Perps XRPUSD+0.0604%1h1.5042+0.244%$2K$16K10xas long as short