Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Gate+0.480%7-day average +0.012% · 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+$15as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Gate Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.463%−$46 · spread now +0.480%, 7d avg +0.012%

Together, before fees−0.464%−$46 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: Bulk is 0.468% dearer against Gate than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5206	0.0100	pay 0.0100% / 8h	2h 47m	$354.1M	$128.5M	100x
Short	Bulk XRP-USD	1.5279	0.0100	get 0.0013% / 1h	47m 19s	$1.6M	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.480%Rate

Funding earned: $0
Price spread: +0.480% → +0.012%: $46.84
Slippage, 4 orders: −$9.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $15.38
Costs to cover: 0.315%
Break-even: from the start

Slippage from Gate: live order book, 2 min ago; Bulk: live order book, 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 Gate live order book, 2 min ago	0.33 bp	9.7 bp −$10	13.4 bp −$134	26.9 bp −$2,690	37.8 bp −$18.9K
Sell Bulk live order book, 2 min ago	0.66 bp	5.1 bp −$5	6.6 bp −$66	17.4 bp −$1,745	33.1 bp −$16.6K

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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5207	+0.004%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5200	−0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5212	+0.036%	$1.1M	$100K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	+0.552%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5203	−0.020%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5207	+0.009%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.552%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5198	−0.053%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5195	−0.070%	$2.9M	$11.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5213	+0.046%	$442K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5209	+0.023%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5208	+0.013%	$38.6M	$71.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5207	+0.005%	$662K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5207	+0.009%	$543.6M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5200	−0.039%	$339.6M	$829.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5199	−0.046%	$122.6M	$821.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	+0.059%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5212	+0.039%	$115K	$645K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5206	long leg	$354.1M	$128.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5207	+0.007%	$292.8M	$791.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5200	−0.041%	$111.3M	$145.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5197	−0.059%	$264.1M	$336.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5205	−0.007%	—	$112.7M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5213	+0.046%	$1.7M	$918K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5293	+0.569%	$6.3M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5215	+0.060%	$661K	$94.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5187	−0.128%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5294	+0.579%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5202	−0.027%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5210	+0.026%	$51K	$457K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5207	+0.004%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5200	−0.040%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5204	−0.014%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5193	−0.085%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5203	−0.022%	$50.0M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5195	−0.072%	$54.2M	$28.0M	50x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5279	+0.480%	$1.6M	$350K	20x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5211	+0.035%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5204	−0.013%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5196	−0.064%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	−0.041%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5195	−0.073%	$15.1M	$62.7M	50x	as long as short
01 Exchange XRPUSD	+0.0184%	1h	1.5214	+0.053%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5207	+0.007%	$5.3M	$42.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0205%	8h	1.5205	−0.007%	$1.7M	$31.9M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5207	+0.007%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	+0.020%	$24.0M	$65.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5216	+0.065%	$19K	$55K	7x	as long as short
Hyperliquid XRP	+0.0416%	1h	1.5217	+0.075%	$278.3M	$177.9M	20x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5219	+0.087%	$403K	$503K	10x	as long as short
Aftermath Perps XRPUSD	+0.0560%	1h	1.5256	+0.326%	$1K	$10K	10x	as long as short