Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.132%93s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.224% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.132%, 7d avg −0.013%

Together, before fees+0.071%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.119% cheaper against GRVT than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 93 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	GRVT XRP_USDT_Perp	1.5154	0.0100	pay 0.0100% / 8h	3h 11m	$1.1M	$36.8M	20x
Short	Bitget XRPUSDT	1.5134	0.0100	get 0.0100% / 8h	3h 11m	$268.7M	$390.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.013%: −$11.89
Slippage, 4 orders: −$1.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.33
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Bitget: 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 GRVT live order book, 2 min ago	0.33 bp	4.8 bp −$5	13.9 bp −$139	72.5 bp −$7,250	doesn't fit
Sell Bitget live order book, 2 min ago	0.33 bp	6.4 bp −$6	8.8 bp −$88	23.0 bp −$2,297	32.2 bp −$16.1K

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	1.5137	−0.112%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	−0.087%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.146%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5138	−0.106%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5134	−0.135%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.679%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5132	−0.148%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5137	−0.109%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5137	−0.112%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5135	−0.125%	$9K	$351K	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	1.5132	−0.142%	$962K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5135	−0.127%	$38.9M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5140	−0.090%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5136	−0.119%	$533.5M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5137	−0.112%	$344.3M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5139	−0.099%	$125.5M	$884.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5148	−0.040%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	−0.106%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.103%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5136	−0.119%	$371.7M	$157.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5134	−0.132%	$296.9M	$907.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5137	−0.111%	$109.1M	$178.2M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5134	−0.132%	$268.7M	$390.7M	125x
BingX XRP-USDT	+0.0100%	8h	1.5136	−0.119%	—	$127.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	−0.021%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5159	+0.032%	$658K	$110.9M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5154	long leg	$1.1M	$36.8M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.099%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5136	−0.117%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5134	−0.132%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5130	−0.158%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5131	−0.152%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5133	−0.136%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	−0.123%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5135	−0.125%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.082%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5136	−0.119%	$53.9M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	−0.122%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5130	−0.158%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5132	−0.142%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5138	−0.106%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5136	−0.119%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0215%	8h	1.5147	−0.046%	$1.9M	$35.3M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5130	−0.157%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5144	−0.066%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0244%	1h	1.5145	−0.059%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5152	−0.016%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5139	−0.101%	$515K	$776K	10x	as long as short
Hyperliquid XRP	+0.0401%	1h	1.5154	0.000%	$297.8M	$251.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	+0.040%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0653%	1h	1.5157	+0.023%	$2K	$15K	10x	as long as short