Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Gate−0.181%46s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.589% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days+0.298%+$30 · spread now −0.181%, 7d avg +0.006%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.187% cheaper against Gate than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5151	0.0100	pay 0.0100% / 8h	3h 55m	$370.9M	$152.9M	100x
Short	dYdX XRP-USD	1.5124	0	get 0.0000% / 1h	55m 52s	$1.1M	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$21
Price spread: −0.181% → +0.006%: −$18.68
Slippage, 4 orders: −$33.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$98.62
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; dYdX: live order book, 3 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	11.6 bp −$12	15.8 bp −$158	29.3 bp −$2,927	40.3 bp −$20.2K
Sell dYdX live order book, 3 min ago	11.89 bp	16.9 bp −$17	16.9 bp −$169	43.5 bp −$4,353	170.1 bp −$85.0K

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	1.5135	−0.106%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5124	−0.181%	$1.1M	$111K	10x
Phoenix XRP	0.0000%	1h	1.5150	−0.007%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5137	−0.090%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5149	−0.013%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5147	−0.025%	$14.3M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.699%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0018%	1h	1.5137	−0.094%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5140	−0.073%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.017%	$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	1.5149	−0.013%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5121	−0.198%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5128	−0.149%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	−0.024%	$38.3M	$83.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5127	−0.156%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5153	+0.015%	$533.0M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5157	+0.040%	$347.1M	$938.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5159	+0.053%	$127.8M	$878.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	−0.086%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	−0.112%	$118K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.244%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5151	long leg	$370.9M	$152.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5152	+0.007%	$293.0M	$895.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	−0.026%	$108.0M	$175.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5147	−0.026%	$268.1M	$386.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5147	−0.026%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.080%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5146	−0.032%	$658K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5141	−0.067%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5151	0.000%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5132	−0.125%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	−0.139%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5136	−0.099%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5143	−0.051%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	−0.105%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	−0.046%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	−0.041%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	−0.026%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.136%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5145	−0.037%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5140	−0.076%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5134	−0.112%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0131%	1h	1.5159	+0.053%	$280.4M	$228.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	+0.013%	$5.6M	$47.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5142	−0.061%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5126	−0.164%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5140	−0.073%	$24.2M	$76.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5159	+0.053%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0259%	8h	1.5148	−0.020%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5134	−0.110%	$515K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0666%	1h	1.5139	−0.080%	$2K	$15K	10x	as long as short