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Funding arb · Price arb /

XRP

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0313%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.146%
Price spread now: RISEx against gTrade (Gains Network)+0.038%47s7-day average +0.054% · 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−$2812.805% of the position
Long on gTrade (Gains Network)Short on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.410%+$41 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.038%, 7d avg +0.054%
Together, before fees+0.423%+$42 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5158L +0.0003% / S −0.0004%pay 0.0000% / 1h29m 17s$245K—150x
ShortRISEx XRP/USDC1.51640.0316get 0.0040% / 1h29m 17s$526K$799K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$65.72
Price spread: +0.038% → +0.054%
−$1.58
Slippage, 4 orders
−$264.52
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$216.39
Costs to cover
2.805%
Break-even
30.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 15 min ago; RISEx: live order book, 14 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), 15 min ago130.02 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell RISEx live order book, 14 min ago2.24 bp5.2 bp −$511.3 bp −$113doesn't fitdoesn'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%1h1.5171+0.082%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5159+0.005%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5170+0.076%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5158long leg$245K—150x
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5162+0.023%$7.7M$24.8M50xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5161+0.016%$14.4M$74.9M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.649%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0084% / S −0.0033%1h1.5161+0.014%$800K—200xas long as short
Lighter XRP+0.0096%1h1.5171+0.084%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5171+0.082%$545K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5164+0.036%$10K$371K20xas long as short
Nado XRP-PERP+0.0100%1h1.5171+0.086%$979K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5164+0.034%$38.5M$87.7M100xas long as short
Pacifica XRP+0.0100%1h1.5171+0.082%$617K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5163+0.030%$531.5M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5158−0.003%$345.8M$961.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5159+0.003%$127.4M$882.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5147−0.076%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5180+0.142%$143K$714K20xas long as short
Gate XRP_USDT+0.0100%8h1.5160+0.010%$376.2M$160.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5163+0.030%$302.5M$924.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5162+0.023%$107.4M$181.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5157−0.010%$267.4M$396.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5161+0.016%—$105.6M—as long as short
Variational Omni XRP+0.0100%8h1.5158−0.004%$4.7M$38.5M—as long as short
edgeX XRPUSDC+0.0100%4h1.5157−0.012%$658K$113.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5162+0.023%$1.1M$36.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5164+0.036%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5167+0.059%—$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5167+0.056%$47K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5162+0.023%$41K$71K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5164+0.036%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5148−0.067%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5176+0.116%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5162+0.023%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5164+0.039%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5163+0.030%$54.3M$32.4M50xas long as short
Bulk XRP-USD+0.0100%1h1.5157−0.010%$1.6M$5K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5178+0.130%$473K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5154−0.031%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5174+0.102%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5160+0.011%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0152%1h1.5161+0.018%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0172%1h1.5178+0.129%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5163+0.030%$5.7M$48.1M50xas long as short
Hyperliquid XRP+0.0187%1h1.5177+0.122%$288.6M$264.8M20xas long as short
Kalshi KXXRPPERP+0.0208%8h1.5167+0.056%$1.7M$35.1M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5156−0.014%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5162+0.023%$23.6M$77.9M125xas long as short
RISEx XRP/USDCshort+0.0316%1h1.5164+0.038%$526K$799K10x
Aftermath Perps XRPUSD+0.0603%1h1.5166+0.051%$2K$16K10xas long as short