Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Gate+0.033%7-day average −0.051% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.033%, 7d avg −0.051%

Together, before fees−0.263%+ Points / potential airdropOndo Perps: Active · farm board−$26 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: Ondo Perps is 0.084% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5361	0.0100	pay 0.0100% / 8h	7h 11m	$375.5M	$151.5M	100x
Short	Ondo Perps XRP-USD.P	1.5366	0.0100	get 0.0013% / 1h	11m 34s	$572K	$42K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.051%: $8.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: 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	9.5 bp −$10	13.0 bp −$130	28.7 bp −$2,871	41.3 bp −$20.6K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5368	+0.046%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5360	−0.006%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5360	−0.004%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0074%	1h	1.5361	+0.001%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.295%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5360	−0.007%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5372	+0.072%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5365	+0.026%	$9.3M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5366	+0.031%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5368	+0.046%	$515K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5360	−0.007%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5370	+0.056%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5362	+0.010%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5366	+0.035%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5365	+0.026%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5368	+0.047%	$542.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5365	+0.026%	$342.2M	$919.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5365	+0.026%	$124.9M	$867.8M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5366	+0.033%	$572K	$42K	5x
Arcus XRP-USD	+0.0100%	1h	1.5368	+0.046%	$117K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.563%	$1.6M	$378K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5361	long leg	$375.5M	$151.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5365	+0.026%	$306.6M	$913.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5368	+0.042%	$111.1M	$166.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5363	+0.013%	$269.6M	$374.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5363	+0.013%	—	$124.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.188%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.020%	$668K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5362	+0.007%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5374	+0.085%	$1.2M	$997K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.039%	$48K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5364	+0.021%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.019%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	+0.027%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5360	−0.007%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5367	+0.038%	$50.4M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5363	+0.013%	$54.6M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5363	+0.013%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5359	−0.013%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.007%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5354	−0.044%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5366	+0.033%	$24.1M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	+0.039%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5363	+0.012%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0308%	1h	1.5367	+0.039%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5361	0.000%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5366	+0.033%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0383%	1h	1.5377	+0.104%	$290.4M	$215.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.267%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5372	+0.073%	$544K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0831%	1h	1.5364	+0.020%	$2K	$13K	10x	as long as short