Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Gate+0.046%7-day average 0.000% · 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−$26as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.046%, 7d avg 0.000%

Together, before fees−0.107%−$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: Arcus is 0.047% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5155	0.0100	pay 0.0100% / 8h	4h 01m	$369.5M	$154.9M	100x
Short	Arcus XRP-USD	1.5162	0.0100	get 0.0013% / 1h	1m 15s	$110K	$698K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → 0.000%: $4.66
Slippage, 4 orders: −$10.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.79
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Arcus: live order book, 58 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 Gate live order book, 3 min ago	0.33 bp	9.7 bp −$10	12.0 bp −$120	28.6 bp −$2,864	40.3 bp −$20.2K
Sell Arcus live order book, 58 min ago	1.32 bp	5.0 bp −$5	10.7 bp −$107	doesn't fit	doesn't fit

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	1.5142	−0.086%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5152	−0.022%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	+0.017%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.033%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5153	−0.014%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5157	+0.013%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.672%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0047% / S +0.0019%	1h	1.5152	−0.019%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0094%	8h	1.5153	−0.013%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5162	+0.045%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5162	+0.046%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5149	−0.040%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5166	+0.069%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5167	+0.079%	$280.7M	$227.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5158	+0.020%	$38.3M	$83.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5162	+0.048%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5162	+0.046%	$533.7M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5156	+0.007%	$346.2M	$937.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	+0.007%	$127.0M	$876.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5120	−0.231%	$563K	$28K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5162	+0.046%	$110K	$698K	20x
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.271%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5155	long leg	$369.5M	$154.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5156	+0.007%	$293.2M	$904.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5159	+0.028%	$108.0M	$175.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5154	−0.007%	$268.1M	$385.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5154	−0.007%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.298%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.146%	$657K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5140	−0.098%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	−0.079%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5153	−0.013%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5157	+0.013%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	+0.007%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	+0.011%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5161	+0.042%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5154	−0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5151	−0.024%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5163	+0.053%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5159	+0.025%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	−0.032%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5153	−0.010%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5162	+0.046%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0192%	1h	1.5157	+0.013%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5161	+0.040%	$5.6M	$47.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5147	−0.050%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5155	+0.001%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	−0.020%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5138	−0.112%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5163	+0.050%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5142	−0.089%	$2K	$15K	10x	as long as short