Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0728%/8h= −79.7% APRpaid last 24h −0.109%

Price spread now: Gate against RISEx−0.043%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.298%−$30 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.043%, 7d avg −0.051%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5334	0.0828	pay 0.0103% / 1h	37m 37s	$507K	$755K	10x
Short	Gate XRP_USDT	1.5327	0.0100	get 0.0100% / 8h	7h 37m	$373.6M	$149.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$152.84
Price spread: −0.043% → −0.051%: $0.79
Slippage, 4 orders: −$6.88
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$179.93
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from RISEx: live order book, 36 min ago; Gate: live order book, 1 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 RISEx live order book, 36 min ago	1.37 bp	4.4 bp −$4	9.2 bp −$92	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.33 bp	9.7 bp −$10	13.0 bp −$130	24.6 bp −$2,460	34.8 bp −$17.4K

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	1.5300	−0.219%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5324	−0.065%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5298	−0.232%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0012% / S +0.0082%	1h	1.5297	−0.237%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.477%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5300	−0.219%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5303	−0.199%	$9.3M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5327	−0.046%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5333	−0.004%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5327	−0.043%	$10K	$278K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5327	−0.043%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5297	−0.235%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5311	−0.148%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	−0.032%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5330	−0.023%	$539.6M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5329	−0.030%	$341.4M	$923.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5325	−0.056%	$124.8M	$869.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5328	−0.036%	$570K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5329	−0.030%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.246%	$1.6M	$517K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5327	−0.043%	$373.6M	$149.3M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5328	−0.036%	$307.4M	$900.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5328	−0.034%	$108.8M	$165.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5328	−0.036%	$268.1M	$375.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5326	−0.049%	—	$123.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5316	−0.114%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5315	−0.118%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	+0.016%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5315	−0.121%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5300	−0.221%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5304	−0.193%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5300	−0.217%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	−0.198%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5304	−0.193%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5301	−0.212%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5291	−0.276%	$50.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5299	−0.225%	$54.4M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5325	−0.058%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5300	−0.216%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5290	−0.284%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5299	−0.225%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5294	−0.258%	$24.0M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5309	−0.160%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5298	−0.230%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5314	−0.128%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5302	−0.204%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5306	−0.180%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0406%	1h	1.5333	−0.004%	$289.6M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.107%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0786%	1h	1.5315	−0.119%	$2K	$12K	10x	as long as short
RISEx XRP/USDClong	+0.0828%	1h	1.5334	long leg	$507K	$755K	10x