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: Gate against SunX+0.014%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.014%, 7d avg −0.023%

Together, before fees−0.038%−$4 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 0.038% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5314	0.0100	pay 0.0100% / 8h	7h 17m	$128K	$1.8M	30x
Short	Gate XRP_USDT	1.5316	0.0100	get 0.0100% / 8h	7h 17m	$373.7M	$151.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.023%: $3.77
Slippage, 4 orders: −$45.9
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.13
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Gate: 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 SunX live order book, 8 min ago	17.27 bp	21.3 bp −$21	24.3 bp −$243	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.33 bp	10.4 bp −$10	13.0 bp −$130	28.6 bp −$2,856	42.0 bp −$21.0K

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	1.5321	+0.047%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5305	−0.058%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.014%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0016% / S +0.0075%	1h	1.5309	−0.030%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.608%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5318	+0.027%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5313	−0.005%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5322	+0.051%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5327	+0.086%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5316	+0.014%	$9K	$280K	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	1.5311	−0.019%	$477K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5318	+0.031%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5323	+0.058%	$38.7M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5313	−0.005%	$633K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5327	+0.085%	$541.6M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5325	+0.073%	$341.7M	$919.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5320	+0.040%	$124.4M	$866.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	+0.021%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5320	+0.040%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.257%	$1.6M	$378K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5316	+0.014%	$373.7M	$151.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5314	+0.001%	$307.2M	$910.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5318	+0.031%	$110.4M	$166.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5320	+0.040%	$268.2M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5315	+0.008%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	+0.008%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5316	+0.017%	$667K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5327	+0.086%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5312	−0.012%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5327	+0.086%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	−0.006%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	+0.048%	$825K	$74K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5314	long leg	$128K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5321	+0.047%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5313	−0.007%	$50.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5325	+0.073%	$54.5M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	+0.015%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5317	+0.022%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5318	+0.026%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0142%	1h	1.5324	+0.067%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5317	+0.023%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	+0.060%	$24.1M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5325	+0.073%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5322	+0.053%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5328	+0.093%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5322	+0.054%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5292	−0.145%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0380%	1h	1.5333	+0.125%	$288.9M	$214.8M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	+0.040%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0798%	1h	1.5331	+0.110%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5324	+0.068%	$542K	$773K	10x	as long as short