Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.109%

Price spread now: GMX against OKX+0.185%7-day average +0.035% · you sell dearer than you buy

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.223%−$22 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.185%, 7d avg +0.035%

Together, before fees−0.275%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.150% dearer against OKX than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.035%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5444	0.0100	pay 0.0100% / 8h	2h 10m	$126.4M	$848.3M	100x
Short	GMX XRP/USD [ETH-USDC]	1.5473	L +0.0075% / S +0.0170%	pay 0.0021% / 1h	10m 05s	$911K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$56.76
Price spread: +0.185% → +0.035%: $14.98
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$63.78
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; GMX: no order-book sample. 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 OKX live order book, 4 min ago	0.32 bp	6.1 bp −$6	8.9 bp −$89	16.8 bp −$1,676	28.2 bp −$14.1K
Sell GMX no order-book sample	—	—	—	—	—

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	1.5439	−0.032%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5471	+0.172%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	+0.168%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5473	+0.188%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5473	+0.188%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.997%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5475	+0.201%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0075% / S +0.0170%	1h	1.5473	+0.185%	$911K	—	200x
Lighter XRP	+0.0096%	1h	1.5466	+0.143%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5468	+0.155%	$447K	$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	1.5469	+0.163%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5463	+0.122%	$39.4M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5472	+0.181%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5448	+0.026%	$555.8M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5448	+0.026%	$348.1M	$851.7M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5444	long leg	$126.4M	$848.3M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.110%	$574K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5477	+0.214%	$120K	$686K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.178%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5455	+0.071%	$368.9M	$133.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5462	+0.117%	$292.5M	$819.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5463	+0.125%	$112.1M	$149.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5447	+0.019%	$267.7M	$346.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5464	+0.130%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.279%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.126%	$671K	$97.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5436	−0.050%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	+0.130%	$1.0M	$871K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5470	+0.170%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5479	+0.227%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5475	+0.202%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.047%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5478	+0.223%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5466	+0.142%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5474	+0.197%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5463	+0.123%	$55.2M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5468	+0.157%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5467	+0.149%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5444	−0.001%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5470	+0.165%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5479	+0.227%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5467	+0.152%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5479	+0.227%	$5.6M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0203%	1h	1.5467	+0.149%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5476	+0.207%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5480	+0.233%	$24.2M	$68.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0284%	8h	1.5490	+0.298%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5441	−0.022%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5479	+0.225%	$407K	$499K	10x	as long as short
Hyperliquid XRP	+0.0508%	1h	1.5469	+0.162%	$285.2M	$190.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0526%	1h	1.5451	+0.045%	$1K	$11K	10x	as long as short