Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.059%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

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

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.059%, 7d avg −0.003%

Together, before fees−0.053%−$5 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: OKX is 0.062% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5184	0.0100	pay 0.0100% / 8h	3h 55m	$371.6M	$153.1M	100x
Short	OKX XRP-USDT-SWAP	1.5193	0.0100	get 0.0100% / 8h	3h 55m	$127.9M	$883.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.003%: $6.2
Slippage, 4 orders: −$6.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.79
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.33 bp	11.6 bp −$12	15.8 bp −$158	29.3 bp −$2,927	40.3 bp −$20.2K
Sell OKX live order book, 4 min ago	0.33 bp	5.3 bp −$5	5.3 bp −$53	9.9 bp −$993	24.8 bp −$12.4K

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	1.5179	−0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5181	−0.022%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.224%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	+0.013%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5149	−0.231%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5147	−0.242%	$14.3M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.476%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0017%	1h	1.5181	−0.021%	$791K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5189	+0.033%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5184	−0.002%	$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	1.5166	−0.119%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5168	−0.105%	$11K	$334K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5174	−0.063%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5178	−0.040%	$38.4M	$83.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	−0.022%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5184	+0.002%	$534.1M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5193	+0.059%	$347.8M	$939.4M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5193	+0.059%	$127.9M	$883.1M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	−0.303%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5178	−0.040%	$118K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.461%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5184	long leg	$371.6M	$153.1M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5178	−0.040%	$292.5M	$895.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5180	−0.026%	$108.2M	$175.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5188	+0.026%	$268.8M	$386.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5190	+0.040%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.297%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−0.284%	$657K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.303%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	−0.244%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	−0.081%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	−0.020%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	−0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.049%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	−0.322%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	−0.263%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	−0.258%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	−0.244%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	−0.085%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5171	−0.083%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5187	+0.021%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5180	−0.026%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0150%	1h	1.5191	+0.046%	$281.0M	$228.2M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	−0.204%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5179	−0.031%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5140	−0.290%	$24.2M	$76.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5133	−0.335%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5159	−0.165%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0259%	8h	1.5148	−0.237%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5180	−0.028%	$517K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0662%	1h	1.5149	−0.232%	$2K	$15K	10x	as long as short