Funding arb · Price arb /

XRP

all XRP markets

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: SoDEX against Gate−0.019%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.019%, 7d avg −0.003%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5389	0.0100	pay 0.0100% / 8h	7h 56m	$375.2M	$147.4M	100x
Short	SoDEX XRP-USD	1.5386	0.0100	get 0.0013% / 1h	56m 51s	$30K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.003%: −$1.63
Slippage, 4 orders: −$7.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.86
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; SoDEX: live order book, 2 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, 2 min ago	0.33 bp	9.5 bp −$10	12.3 bp −$123	28.3 bp −$2,835	43.8 bp −$21.9K
Sell SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit

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	1.5364	−0.162%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5345	−0.284%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.253%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5385	−0.024%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5380	−0.061%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.111%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5386	−0.019%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5370	−0.123%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5389	−0.002%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5387	−0.013%	$514K	$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	1.5366	−0.149%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5370	−0.120%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5390	+0.008%	$39.0M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	−0.215%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5388	−0.005%	$541.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5389	0.000%	$341.0M	$932.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5385	−0.026%	$125.7M	$887.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.325%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	−0.156%	$116K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.338%	$1.7M	$565K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5389	long leg	$375.2M	$147.4M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5388	−0.006%	$302.7M	$889.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5388	−0.006%	$110.0M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5386	−0.019%	$269.8M	$378.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5387	−0.013%	—	$123.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.277%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.208%	$667K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	−0.130%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.240%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	−0.173%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	−0.097%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5379	−0.065%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5388	−0.008%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5392	+0.018%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5386	−0.019%	$30K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5386	−0.022%	$50.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5386	−0.019%	$54.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	−0.193%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5389	−0.003%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5390	+0.003%	$56K	$18K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0205%	1h	1.5394	+0.032%	$9.3M	$25.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5370	−0.126%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5390	+0.006%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5391	+0.013%	$5.8M	$47.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5388	−0.007%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.292%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5384	−0.032%	$2.2M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0318%	1h	1.5401	+0.078%	$1.7M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0583%	1h	1.5404	+0.097%	$292.0M	$216.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0780%	1h	1.5354	−0.228%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5371	−0.115%	$513K	$753K	10x	as long as short