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% APRpaid last 24h −0.042%

Price spread now: edgeX against Gate−0.022%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.022%, 7d avg −0.030%

Together, before fees−0.084%+ Points / potential airdropedgeX: Active · farm board−$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	1.5221	0.0100	pay 0.0100% / 8h	2h 30m	$355.4M	$129.8M	100x
Short	edgeX XRPUSDC	1.5218	0.0100	get 0.0050% / 4h	2h 30m	$661K	$95.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.030%: $0.76
Slippage, 4 orders: −$8.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.25
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; edgeX: 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	11.0 bp −$11	15.5 bp −$155	29.8 bp −$2,976	40.4 bp −$20.2K
Sell edgeX live order book, 3 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.8 bp −$883	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5205	−0.104%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5203	−0.118%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	−0.120%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	−0.007%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5213	−0.053%	$9.1M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5205	−0.106%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.453%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5199	−0.145%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5231	+0.065%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5212	−0.059%	$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	1.5202	−0.122%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5211	−0.066%	$38.7M	$71.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5201	−0.130%	$661K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5224	+0.020%	$544.5M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5221	0.000%	$340.8M	$833.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5222	+0.007%	$122.8M	$826.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5192	−0.191%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	−0.105%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.130%	$1.6M	$350K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5221	long leg	$355.4M	$129.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5223	+0.013%	$291.2M	$802.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5221	+0.002%	$112.3M	$146.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5225	+0.026%	$264.9M	$338.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5221	0.000%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	+0.217%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5218	−0.022%	$661K	$95.5M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.204%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.099%	$1.0M	$848K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5207	−0.092%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5205	−0.106%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5203	−0.119%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	−0.071%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5210	−0.072%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5193	−0.181%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5210	−0.072%	$54.4M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	−0.137%	$474K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	−0.114%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5211	−0.066%	$11K	$245K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5221	−0.003%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5207	−0.092%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0118%	1h	1.5219	−0.013%	$1.7M	$915K	25x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5209	−0.079%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5211	−0.067%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5216	−0.033%	$5.4M	$43.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0210%	8h	1.5213	−0.053%	$1.7M	$31.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5203	−0.118%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5207	−0.092%	$23.8M	$66.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5209	−0.081%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5209	−0.080%	$403K	$496K	10x	as long as short
Hyperliquid XRP	+0.0448%	1h	1.5240	+0.125%	$279.1M	$180.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0555%	1h	1.5229	+0.052%	$1K	$10K	10x	as long as short