Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against SoDEX+0.136%7-day average +0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.136%, 7d avg +0.005%

Together, before fees−0.031%−$3 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: Gate is 0.131% dearer against SoDEX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5466	0.0100	pay 0.0013% / 1h	29m 54s	$29K	$1.9M	10x
Short	Gate XRP_USDT	1.5487	0.0100	get 0.0100% / 8h	1h 29m	$373.3M	$139.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.005%: $13.09
Slippage, 4 orders: −$6.72
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.62
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Gate: live order book, 4 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 SoDEX live order book, 4 min ago	0.32 bp	4.3 bp −$4	6.9 bp −$69	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.64 bp	10.4 bp −$10	13.6 bp −$136	27.4 bp −$2,744	38.0 bp −$19.0K

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	1.5461	−0.032%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5453	−0.087%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5466	0.000%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	+0.014%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.138%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0042%	1h	1.5467	+0.004%	$15.4M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5465	−0.006%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0125%	1h	1.5468	+0.013%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5462	−0.024%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5469	+0.019%	$438K	$3.2M	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	1.5457	−0.055%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5473	+0.045%	$39.2M	$77.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5462	−0.029%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5492	+0.169%	$557.9M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5498	+0.207%	$345.9M	$890.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5496	+0.194%	$126.6M	$874.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.317%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5462	−0.026%	$118K	$737K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5487	+0.136%	$373.3M	$139.4M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5488	+0.142%	$288.8M	$845.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5488	+0.142%	$113.2M	$158.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5495	+0.188%	$270.0M	$361.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5482	+0.103%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	+0.120%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.422%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.572%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.407%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5466	0.000%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5460	−0.039%	$45K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	+0.045%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5470	+0.028%	$833K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5472	+0.040%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5466	long leg	$29K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5453	−0.087%	$50.8M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5468	+0.013%	$55.1M	$29.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	+0.069%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5456	−0.065%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5457	−0.058%	$12K	$251K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5480	+0.088%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5467	+0.004%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5466	0.000%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5488	+0.144%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5462	−0.028%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5472	+0.039%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5470	+0.026%	$24.6M	$73.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0245%	1h	1.5474	+0.052%	$1.8M	$995K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5473	+0.045%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.672%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5466	−0.002%	$506K	$627K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5513	+0.304%	$290.3M	$202.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0726%	1h	1.5546	+0.517%	$1K	$11K	10x	as long as short