Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.109%

Price spread now: GMX against Gate+0.291%7-day average +0.031% · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.233%−$23 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.291%, 7d avg +0.031%

Together, before fees−0.435%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.260% dearer against Gate than usual: you sell high and buy low (spread +0.291% now, against its 7-day average of +0.031%): +$26 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5561	0.0100	pay 0.0100% / 8h	1h 36m	$373.7M	$138.0M	100x
Short	GMX XRP/USD [ETH-USDC]	1.5606	L +0.0082% / S +0.0133%	pay 0.0017% / 1h	36m 35s	$919K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.291%Rate

Funding earned: −$48.98
Price spread: +0.291% → +0.031%: $25.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$50.02
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; GMX: 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	11.4 bp −$11	15.0 bp −$150	30.1 bp −$3,008	41.0 bp −$20.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	1.5603	+0.270%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5557	−0.023%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5603	+0.270%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5598	+0.241%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.742%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5599	+0.244%	$15.6M	$68.0M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5601	+0.257%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0082% / S +0.0133%	1h	1.5606	+0.291%	$919K	—	200x
Lighter XRP	+0.0096%	1h	1.5579	+0.118%	$3.0M	$11.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5586	+0.161%	$457K	$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	1.5589	+0.177%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5559	−0.013%	$39.5M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5565	+0.024%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5551	−0.064%	$561.4M	$1.94B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5563	+0.013%	$349.6M	$880.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5565	+0.026%	$127.2M	$871.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	0.000%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5570	+0.058%	$119K	$731K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.784%	$1.7M	$616K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5561	long leg	$373.7M	$138.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5563	+0.013%	$293.1M	$837.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5573	+0.075%	$114.7M	$157.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5563	+0.013%	$270.8M	$357.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5562	+0.006%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.827%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	+0.529%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.585%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.540%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5601	+0.255%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5593	+0.206%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5604	+0.278%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5605	+0.281%	$840K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5599	+0.247%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5600	+0.251%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5582	+0.138%	$51.2M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5606	+0.289%	$55.6M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5564	+0.019%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	0.000%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5562	+0.005%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5601	+0.258%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5657	+0.615%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5567	+0.039%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5587	+0.165%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5607	+0.296%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.302%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0298%	1h	1.5609	+0.308%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5614	+0.341%	$1.9M	$32.3M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+1.086%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5573	+0.078%	$508K	$615K	10x	as long as short
Hyperliquid XRP	+0.0607%	1h	1.5604	+0.276%	$291.0M	$199.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5648	+0.558%	$1K	$11K	10x	as long as short