Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Derive against Gate+0.011%7-day average 0.000% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.011%, 7d avg 0.000%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5528	0.0100	pay 0.0100% / 8h	1h 12m	$373.3M	$141.0M	100x
Short	Derive XRP-PERP	1.5530	0.0100	get 0.0013% / 1h	12m 11s	$836K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → 0.000%: $1.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Derive: 3 bp × 2 orders: −$6
Net: −$19.91
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Derive: no order-book sample. Net counts fees only.

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	0.32 bp	9.8 bp −$10	13.4 bp −$134	29.5 bp −$2,953	40.5 bp −$20.3K
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5524	−0.026%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0002% / S +0.0115%	1h	1.5526	−0.015%	$849K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5519	−0.058%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5527	−0.006%	$260K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0008%	1h	1.5532	+0.026%	$9.5M	$25.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.206%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5528	−0.002%	$15.5M	$68.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5529	+0.006%	$78K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5530	+0.010%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5528	0.000%	$440K	$3.2M	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	1.5521	−0.042%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5528	0.000%	$39.3M	$78.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5528	+0.001%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5522	−0.039%	$558.7M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5516	−0.077%	$345.2M	$901.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5509	−0.122%	$127.5M	$880.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	+0.180%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5529	+0.006%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.249%	$1.7M	$578K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5528	long leg	$373.3M	$141.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5517	−0.071%	$297.9M	$863.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5517	−0.071%	$113.8M	$160.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5528	0.000%	$271.3M	$364.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5524	−0.026%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5575	+0.300%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5570	+0.273%	$676K	$102.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5572	+0.281%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5581	+0.341%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5524	−0.025%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5528	0.000%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5528	−0.001%	$42K	$65K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5530	+0.011%	$836K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5536	+0.053%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5529	+0.006%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5520	−0.052%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5522	−0.039%	$55.2M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5522	−0.039%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5524	−0.026%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5525	−0.017%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5528	−0.002%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5527	−0.006%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5525	−0.022%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5537	+0.058%	$5.9M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5524	−0.026%	$24.4M	$73.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5519	−0.059%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5527	−0.006%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5534	+0.039%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5560	+0.206%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5534	+0.042%	$509K	$630K	10x	as long as short
Hyperliquid XRP	+0.0590%	1h	1.5541	+0.084%	$290.4M	$204.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0752%	1h	1.5546	+0.119%	$1K	$11K	10x	as long as short