Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.066%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.066%, 7d avg +0.002%

Together, before fees−0.089%−$9 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: Binance is 0.064% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5559	0.0100	pay 0.0100% / 8h	1h 52m	$370.7M	$134.2M	100x
Short	Binance XRPUSDT	1.5569	0.0100	get 0.0100% / 8h	1h 52m	$564.2M	$1.91B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.002%: $6.37
Slippage, 4 orders: −$3.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.58
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Binance: live order book, 6 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, 1 min ago	0.32 bp	9.2 bp −$9	12.6 bp −$126	28.3 bp −$2,832	39.5 bp −$19.7K
Sell Binance live order book, 6 min ago	0.32 bp	5.3 bp −$5	5.6 bp −$56	13.2 bp −$1,323	29.4 bp −$14.7K

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	1.5618	+0.379%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5587	+0.177%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5576	+0.109%	$9.6M	$25.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5578	+0.122%	$261K	—	150x	as long as short
Hibachi XRP/USDT-P	+0.0032%	1h	1.5613	+0.349%	$19K	$73K	7x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.729%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5570	+0.071%	$15.5M	$67.0M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	1.5577	+0.116%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0151%	1h	1.5577	+0.119%	$918K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5567	+0.053%	$3.0M	$11.6M	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	1.5569	+0.064%	$462K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5591	+0.202%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5554	−0.031%	$39.7M	$74.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5595	+0.231%	$680K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5569	+0.066%	$564.2M	$1.91B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5578	+0.122%	$353.6M	$867.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5546	−0.084%	$127.5M	$865.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5587	+0.180%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5592	+0.212%	$120K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.671%	$1.7M	$470K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5559	long leg	$370.7M	$134.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5558	−0.006%	$286.3M	$818.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5557	−0.013%	$112.2M	$152.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5559	0.000%	$269.6M	$352.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5564	+0.032%	—	$115.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5558	−0.005%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5597	+0.245%	$677K	$97.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5625	+0.424%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5608	+0.315%	$1.0M	$881K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5584	+0.161%	$52K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5581	+0.143%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5575	+0.105%	$838K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5581	+0.139%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5571	+0.077%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5573	+0.089%	$51.2M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5561	+0.013%	$55.3M	$28.8M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5590	+0.197%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5594	+0.223%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5589	+0.193%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5559	0.000%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5571	+0.079%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5588	+0.186%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5584	+0.158%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5579	+0.129%	$5.7M	$46.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5571	+0.077%	$24.4M	$71.3M	125x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5593	+0.219%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0402%	1h	1.5570	+0.071%	$1.8M	$981K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5620	+0.392%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5591	+0.203%	$407K	$529K	10x	as long as short
Aftermath Perps XRPUSD	+0.0545%	1h	1.5551	−0.052%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0675%	1h	1.5579	+0.127%	$288.2M	$194.3M	20x	as long as short