Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.072%

Price spread now: Binance against GMX+0.015%7-day average −0.024% · you sell dearer than you buy

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.179%+$18 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.015%, 7d avg −0.024%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.039% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5132	L +0.0038% / S +0.0031%	pay 0.0005% / 1h	45m 13s	$787K	—	200x
Short	Binance XRPUSDT	1.5134	0.0100	get 0.0100% / 8h	4h 45m	$532.9M	$2.11B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $12.96
Price spread: +0.015% → −0.024%: $3.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.14
Costs to cover: 0.220%
Break-even: 9.8 days

Slippage unknown: GMX: no order-book sample; Binance: live order book, 14 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	12.2 bp −$1,222	27.7 bp −$13.8K

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	1.5119	−0.085%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5129	−0.021%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5133	+0.011%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.054%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	+0.001%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5131	−0.005%	$7.7M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.830%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0038% / S +0.0031%	1h	1.5132	long leg	$787K	—	200x
01 Exchange XRPUSD	+0.0048%	1h	1.5140	+0.054%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5133	+0.008%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5133	+0.010%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5134	+0.015%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5129	−0.018%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5131	−0.002%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5145	+0.087%	$281.3M	$225.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5137	+0.035%	$38.3M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5133	+0.007%	$607K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5134	+0.015%	$532.9M	$2.11B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5137	+0.034%	$344.5M	$931.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5138	+0.041%	$125.7M	$873.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5108	−0.157%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5114	−0.118%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.215%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	+0.015%	$369.3M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5136	+0.028%	$297.1M	$895.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5134	+0.017%	$107.9M	$173.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5132	+0.001%	$267.5M	$383.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5129	−0.018%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.020%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.126%	$656K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	−0.132%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5121	−0.071%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5135	+0.021%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5137	+0.034%	$43K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5133	+0.009%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5134	+0.013%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5136	+0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5129	−0.018%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.036%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5134	+0.015%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5133	+0.006%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5127	−0.028%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	−0.007%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5125	−0.044%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0156%	1h	1.5143	+0.074%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5131	−0.005%	$5.6M	$47.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5134	+0.015%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5136	+0.028%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5135	+0.021%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5139	+0.048%	$515K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0671%	1h	1.5138	+0.040%	$2K	$15K	10x	as long as short