Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Arcus+0.072%7-day average 0.000% · 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−$21as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.072%, 7d avg 0.000%

Together, before fees−0.028%−$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 0.073% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5227	0.0100	pay 0.0013% / 1h	23m 58s	$144K	$703K	20x
Short	Gate XRP_USDT	1.5238	0.0100	get 0.0100% / 8h	7h 23m	$377.8M	$154.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → 0.000%: $7.27
Slippage, 4 orders: −$8.83
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$21.06
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Arcus: live order book, 10 min ago; Gate: live order book, 5 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 Arcus live order book, 10 min ago	0.66 bp	3.5 bp −$4	5.3 bp −$53	28.3 bp −$2,832	doesn't fit
Sell Gate live order book, 5 min ago	0.66 bp	10.0 bp −$10	13.2 bp −$132	27.0 bp −$2,703	40.7 bp −$20.3K

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5231	+0.028%	$14.7M	$74.1M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5202	−0.164%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	−0.243%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	−0.270%	$247K	—	150x	as long as short
dYdX XRP-USD	+0.0008%	1h	1.5204	−0.153%	$1.1M	$158K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5236	+0.059%	$7.7M	$23.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.187%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5190	−0.243%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5232	+0.033%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5234	+0.046%	$619K	$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
01 Exchange XRPUSD	+0.0096%	1h	1.5223	−0.026%	$9K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5217	−0.066%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5211	−0.102%	$992K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5241	+0.092%	$38.6M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5210	−0.109%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5243	+0.105%	$531.0M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5240	+0.085%	$354.6M	$929.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5241	+0.092%	$126.8M	$848.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.223%	$557K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5227	long leg	$144K	$703K	20x
Bulk XRP-USD	+0.0100%	1h	1.5141	−0.562%	$1.6M	$13K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5238	+0.072%	$377.8M	$154.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5241	+0.092%	$313.1M	$920.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5236	+0.059%	$107.2M	$182.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5235	+0.053%	$269.4M	$377.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5239	+0.079%	—	$108.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	−0.476%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5172	−0.363%	$659K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5176	−0.336%	$1.1M	$33.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5177	−0.328%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5221	−0.038%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5227	0.000%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	+0.008%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5233	+0.039%	$78K	$647K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.508%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	−0.113%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5230	+0.020%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5229	+0.013%	$49.7M	$14.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5228	+0.007%	$54.3M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	−0.033%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5230	+0.021%	$2.1M	$6.6M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5231	+0.025%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0121% / S −0.0088%	1h	1.5228	+0.006%	$789K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5229	+0.013%	$5.3M	$47.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5211	−0.105%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0178%	1h	1.5241	+0.092%	$291.3M	$263.3M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0194%	1h	1.5242	+0.099%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5187	−0.263%	$23.8M	$77.2M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5225	−0.011%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5225	−0.014%	$521K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5184	−0.284%	$2K	$16K	10x	as long as short