Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate−0.191%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days+0.152%+$15 · spread now −0.191%, 7d avg −0.036%

Together, before fees+0.224%+ Points / potential airdropExtended: Active · farm board+$22 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: Extended is 0.156% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5340	0.0100	pay 0.0100% / 8h	2m 21s	$362.3M	$149.6M	100x
Short	Extended XRP-USD	1.5311	0.0104	get 0.0013% / 1h	2m 21s	$2.1M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.191%Rate

Funding earned: $0.84
Price spread: −0.191% → −0.036%: −$15.55
Slippage, 4 orders: −$6.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.04
Costs to cover: 0.263%
Break-even: 349.0 days

Slippage from Gate: live order book, 2 min ago; Extended: 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	10.0 bp −$10	12.6 bp −$126	23.7 bp −$2,369	34.6 bp −$17.3K
Sell Extended live order book, 2 min ago	0.33 bp	2.9 bp −$3	5.1 bp −$51	doesn't fit	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5326	−0.091%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	−0.120%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	−0.065%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5341	+0.008%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5340	+0.001%	$841K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5327	−0.085%	$9.3M	$25.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5327	−0.086%	$15.0M	$69.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5344	+0.026%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.434%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5325	−0.095%	$2.8M	$13.8M	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	1.5327	−0.085%	$510K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5337	−0.016%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5343	+0.020%	$38.8M	$82.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5326	−0.091%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5344	+0.023%	$541.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5344	+0.026%	$340.4M	$932.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5344	+0.026%	$125.7M	$884.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5324	−0.104%	$570K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5320	−0.130%	$117K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.045%	$1.7M	$570K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5340	long leg	$362.3M	$149.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5342	+0.013%	$302.4M	$901.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5344	+0.025%	$108.7M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5346	+0.039%	$268.1M	$377.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5347	+0.046%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5290	−0.323%	$8.2M	$33.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	−0.147%	$665K	$105.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.135%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5290	−0.326%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5336	−0.028%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	+0.039%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5343	+0.020%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5330	−0.067%	$825K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5332	−0.051%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5327	−0.085%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5319	−0.136%	$50.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5327	−0.085%	$54.6M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5324	−0.101%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5343	+0.020%	$11K	$270K	20x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5311	−0.191%	$2.1M	$7.2M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5341	+0.007%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5329	−0.072%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5344	+0.026%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	−0.111%	$24.0M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5336	−0.026%	$5.8M	$46.8M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0264%	1h	1.5334	−0.039%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5326	−0.088%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5334	−0.039%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0555%	1h	1.5358	+0.117%	$290.4M	$216.0M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5338	−0.016%	$525K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0779%	1h	1.5333	−0.048%	$1K	$11K	10x	as long as short