Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.061%
Price spread now: GRVT against GMX+0.067%111s7-day average −0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.067%, 7d avg −0.001%
=Together, before fees+0.015%+ Points / potential airdropGRVT: Active · farm board+$1 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 GRVT is 0.068% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX XRP/USD [ETH-USDC] | 1.5148 | L +0.0083% / S −0.0031% | pay 0.0010% / 1h | 33m 24s | $799K | — | 200x |
| Short | GRVT XRP_USDT_Perp | 1.5158 | 0.0100 | get 0.0100% / 8h | 1h 33m | $1.1M | $36.6M | 20x |
GMX XRP/USD [ETH-USDC]
GRVT XRP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.61
- Price spread: +0.067% → −0.001%
- $6.77
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$10.62
- Costs to cover
- 0.210%
- Break-even
- 27.6 days
Slippage unknown: GMX: no order-book sample; GRVT: live order book, 6 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 GRVT live order book, 6 min ago | 0.33 bp | 4.8 bp −$5 | 6.5 bp −$65 | 59.3 bp −$5,935 | doesn't fit |
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 | 1.5144 | −0.025% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5157 | +0.062% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.146% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5140 | −0.052% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5170 | +0.145% | $14.4M | $75.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.721% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5169 | +0.140% | $7.7M | $24.9M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC]long | L +0.0083% / S −0.0031% | 1h | 1.5148 | long leg | $799K | — | 200x | |
| Lighter XRP | +0.0096% | 1h | 1.5165 | +0.115% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5167 | +0.126% | $545K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5170 | +0.146% | $8K | $8K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5156 | +0.054% | $12K | $368K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5158 | +0.070% | $976K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5162 | +0.093% | $38.5M | $87.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5164 | +0.107% | $617K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5164 | +0.107% | $531.6M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5164 | +0.107% | $345.9M | $962.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5164 | +0.107% | $127.3M | $883.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5151 | +0.021% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5171 | +0.153% | $143K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5145 | −0.019% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5162 | +0.093% | $376.2M | $160.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5163 | +0.100% | $299.6M | $923.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5162 | +0.095% | $107.3M | $181.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5163 | +0.100% | $267.4M | $397.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5162 | +0.093% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5146 | −0.013% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5160 | +0.080% | $660K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perpshort | +0.0100% | 8h | 1.5158 | +0.067% | $1.1M | $36.6M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5169 | +0.140% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | +0.095% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5165 | +0.113% | $47K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5164 | +0.109% | $41K | $71K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5166 | +0.120% | $65K | $774K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5148 | +0.004% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5168 | +0.133% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5167 | +0.126% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.137% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5166 | +0.120% | $54.3M | $32.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5173 | +0.164% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5161 | +0.086% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | +0.106% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0152% | 1h | 1.5142 | −0.036% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0163% | 1h | 1.5160 | +0.080% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5172 | +0.159% | $5.7M | $48.3M | 50x | as long as short |
| Hyperliquid XRP | +0.0177% | 1h | 1.5175 | +0.179% | $288.4M | $264.6M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0208% | 8h | 1.5144 | −0.025% | $1.7M | $35.2M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5159 | +0.076% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5170 | +0.146% | $23.6M | $77.9M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5171 | +0.153% | $524K | $798K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0599% | 1h | 1.5158 | +0.065% | $2K | $16K | 10x | as long as short |
01 Exchange XRPUSD
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD