Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Gate+0.093%7-day average +0.003% · 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−$282as in the Price arb table

costs, in and out, $10k−$2912.907% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.093%, 7d avg +0.003%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.091% dearer against Gate than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.003%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

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	7h 59m	$372.3M	$146.9M	100x
Short	gTrade (Gains Network) XRP/USD	1.5354	L +0.0003% / S −0.0004%	get 0.0001% / 1h	59m 03s	$257K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.093%Rate

Funding earned: −$20.13
Price spread: +0.093% → +0.003%: $9.07
Slippage, 4 orders: −$265.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$301.72
Costs to cover: 2.907%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 15 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, 5 min ago	0.33 bp	10.0 bp −$10	12.6 bp −$126	23.7 bp −$2,369	34.6 bp −$17.3K
Sell gTrade (Gains Network) virtual book (oracle venue), 15 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.2 bp −$195.8K	doesn't fit

XRP on 50 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	1.5368	+0.183%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	+0.148%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.065%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5354	+0.093%	$257K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5354	+0.090%	$842K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5363	+0.150%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.434%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5362	+0.143%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5362	+0.141%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5364	+0.156%	$513K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5347	+0.044%	$38.9M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5353	+0.086%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5337	−0.019%	$541.3M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5342	+0.013%	$339.8M	$933.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5347	+0.046%	$125.5M	$885.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.130%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5355	+0.098%	$117K	$706K	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	$372.3M	$146.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5349	+0.059%	$300.1M	$888.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5360	+0.128%	$109.7M	$167.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5354	+0.091%	$268.9M	$378.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5340	0.000%	—	$123.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	+0.042%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	+0.043%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.189%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.078%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	+0.129%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.156%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5357	+0.114%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.154%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	+0.162%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	+0.124%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	+0.107%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5350	+0.065%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5361	+0.134%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5344	+0.023%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.140%	$72K	$2K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.127%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	+0.072%	$24.0M	$75.0M	125x	as long as short
01 Exchange XRPUSD	+0.0224%	1h	1.5360	+0.130%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5366	+0.169%	$5.8M	$47.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0230%	1h	1.5350	+0.065%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	+0.144%	$14.9M	$70.3M	50x	as long as short
Nado XRP-PERP	+0.0287%	1h	1.5360	+0.134%	$1.0M	$5.6M	20x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.175%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5367	+0.176%	$2.2M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5359	+0.124%	$290.9M	$216.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0773%	1h	1.5350	+0.068%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5360	+0.133%	$512K	$753K	10x	as long as short