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Funding arb · Price arb /

XRP

all XRP markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.013%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Long on GateShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.013%, 7d avg +0.006%
Together, before fees−0.118%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XRP_USDT1.55180.0100pay 0.0100% / 8h1h 33m$374.9M$138.7M100x
ShortPhemex XRPUSDT1.55200.0100get 0.0100% / 8h1h 33m$55.3M$29.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.013% → +0.006%
$0.73
Slippage, 4 orders
−$13.18
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$39.45
Costs to cover
0.402%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago0.64 bp10.6 bp −$1114.1 bp −$14127.8 bp −$2,78237.9 bp −$19.0K
Sell Phemex live order book, 6 min ago3.51 bp9.6 bp −$1013.4 bp −$13423.0 bp −$2,296doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5537+0.122%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5530+0.077%$1.1M$104K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5520+0.013%$9.6M$25.2M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5522+0.024%$260K—150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5290−1.469%$2K$86K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5518−0.001%$15.6M$68.4M50xas long as short
Orderly PERP_XRP_USDC+0.0053%8h1.5521+0.019%$77K$941K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0082% / S +0.0129%1h1.5521+0.020%$914K—200xas long as short
Lighter XRP+0.0096%1h1.5522+0.028%$3.0M$12.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5524+0.039%$455K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5528+0.068%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5518+0.002%$39.3M$77.3M100xas long as short
Pacifica XRP+0.0100%1h1.5542+0.152%$671K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5516−0.014%$558.7M$1.95B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5517−0.006%$348.2M$886.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5516−0.013%$127.4M$872.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5544+0.168%$580K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5542+0.155%$117K$735K20xas long as short
Bulk XRP-USD+0.0100%1h1.5683+1.063%$1.7M$616K20xas long as short
Gate XRP_USDTlong+0.0100%8h1.5518long leg$374.9M$138.7M100x
MEXC XRP_USDT+0.0100%8h1.55180.000%$289.3M$841.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5519+0.006%$113.8M$157.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5519+0.006%$270.6M$359.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5522+0.026%—$3.7M—as long as short
Variational Omni XRP+0.0100%8h1.5595+0.494%$11.8M$30.1M—as long as short
edgeX XRPUSDC+0.0100%4h1.5564+0.294%$677K$100.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5554+0.235%$1.1M$41.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5582+0.412%$1.0M$881K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5529+0.071%$46K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5523+0.030%$42K$65K20xas long as short
Derive XRP-PERP+0.0100%1h1.5524+0.042%$836K$79K10xas long as short
SunX XRP-USDT+0.0100%8h1.5524+0.037%$130K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.55180.000%$32K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5513−0.030%$51.0M$15.3M75xas long as short
Phemex XRPUSDTshort+0.0100%8h1.5520+0.013%$55.3M$29.1M50x
Vest XRP-PERP+0.0100%1h1.5530+0.074%—$10K10xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5531+0.084%$484K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5536+0.116%$12K$250K20xas long as short
Extended XRP-USD+0.0104%1h1.5516−0.013%$2.2M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5522+0.023%$72K$40K3xas long as short
Hibachi XRP/USDT-P+0.0144%1h1.5580+0.402%$18K$81K7xas long as short
01 Exchange XRPUSD+0.0168%1h1.5543+0.161%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5523+0.030%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5530+0.077%$5.8M$46.8M50xas long as short
BloFin XRP-USDT+0.0220%8h1.55180.000%$24.6M$73.3M125xas long as short
Backpack XRP_USDC_PERP+0.0269%1h1.5526+0.052%$1.8M$988K25xas long as short
Kalshi KXXRPPERP+0.0317%8h1.5542+0.155%$1.9M$32.5M2.9xas long as short
Phoenix XRP+0.0516%1h1.5570+0.335%$69K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5548+0.195%$510K$622K10xas long as short
Hyperliquid XRP+0.0602%1h1.5538+0.129%$290.4M$200.5M20xas long as short
Aftermath Perps XRPUSD+0.0709%1h1.5594+0.489%$1K$11K10xas long as short