Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.090%

Price spread now: Gate against GMX−0.009%7-day average −0.031% · you buy dearer than you sell

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

Long on GMX Short on Gate

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 3 days (all we have)−0.080%−$8 · spread now −0.009%, 7d avg −0.031%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.022% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5554	L +0.0082% / S +0.0132%	pay 0.0010% / 1h	36m 19s	$916K	—	200x
Short	Gate XRP_USDT	1.5553	0.0100	get 0.0100% / 8h	1h 36m	$373.6M	$138.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $3.86
Price spread: −0.009% → −0.031%: $2.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.97
Costs to cover: 0.270%
Break-even: 45.0 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	0.32 bp	9.0 bp −$9	12.6 bp −$126	25.0 bp −$2,498	35.3 bp −$17.7K

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	1.5603	+0.312%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5557	+0.019%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	−0.054%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	+0.006%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.700%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.174%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	−0.035%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0082% / S +0.0132%	1h	1.5554	long leg	$916K	—	200x
Lighter XRP	+0.0096%	1h	1.5541	−0.084%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5542	−0.080%	$455K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5558	+0.026%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5550	−0.031%	$39.5M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5565	+0.066%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5538	−0.107%	$560.9M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5538	−0.106%	$348.8M	$881.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5537	−0.112%	$127.1M	$870.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+0.042%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5570	+0.100%	$119K	$731K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.826%	$1.7M	$616K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5553	−0.009%	$373.6M	$138.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5554	−0.003%	$293.3M	$838.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5555	+0.002%	$114.5M	$157.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5543	−0.074%	$270.4M	$358.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5556	+0.010%	—	$116.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.869%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	+0.572%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.628%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.582%	$1.0M	$880K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5564	+0.061%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	−0.041%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	−0.009%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	+0.046%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.099%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.186%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.112%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	+0.095%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5564	+0.061%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	+0.042%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5546	−0.055%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	−0.048%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.349%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5567	+0.081%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5557	+0.014%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.074%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.344%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0298%	1h	1.5609	+0.351%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.151%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+1.129%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5573	+0.120%	$508K	$615K	10x	as long as short
Hyperliquid XRP	+0.0605%	1h	1.5573	+0.119%	$290.5M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	+0.527%	$1K	$11K	10x	as long as short