Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0095%/8hpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Binance+0.113%7-day average −0.005% · you sell dearer than you buy

to open and close $10k−$281fees + slippage, both legs, in and out

costs, in % of the position2.807%what the two incomes have to cover

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.113%, 7d avg −0.005%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.118% dearer against Binance than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.005%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5018	0.0100	pay 0.0100% / 8h	4h 52m	$535.0M	$1.72B	100x
Short	gTrade (Gains Network) XRP/USD	1.5035	L +0.0003% / S −0.0005%	get 0.0001% / 1h	52m 04s	$267K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.113%Rate

Funding earned: −$20.05
Price spread: +0.113% → −0.005%: $11.78
Slippage, 4 orders: −$260.67
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$288.95
Costs to cover: 2.807%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 Binance live order book, 8 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	10.3 bp −$1,027	27.0 bp −$13.5K
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.01 bp	135.0 bp −$135	193.1 bp −$1,931	1958.1 bp −$195.8K	doesn't fit

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
GMX XRP/USD [ETH-USDC]	L −0.0206% / S +0.0292%	1h	1.5039	+0.138%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5037	+0.127%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5044	+0.174%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5030	+0.080%	$8.7M	$21.8M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0005%	1h	1.5035	+0.113%	$267K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.179%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5028	+0.067%	$179K	$777K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5046	+0.186%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5028	+0.066%	$2.9M	$9.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5027	+0.060%	$577K	$2.4M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5042	+0.160%	$11K	$249K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5027	+0.057%	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5026	+0.056%	$38.2M	$67.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5046	+0.187%	$665K	$1.0M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5018	long leg	$535.0M	$1.72B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5020	+0.013%	$341.8M	$774.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5018	0.000%	$125.9M	$790.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5049	+0.206%	$561K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5048	+0.200%	$121K	$591K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5024	+0.042%	$1.6M	$171K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5020	+0.013%	$349.7M	$125.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5023	+0.033%	$319.9M	$741.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5025	+0.048%	$111.6M	$137.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5020	+0.013%	$259.1M	$318.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5022	+0.027%	—	$103.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5057	+0.258%	$6.3M	$19.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5025	+0.048%	$652K	$88.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5033	+0.100%	$1.1M	$40.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5023	+0.033%	$995K	$785K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5036	+0.122%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5042	+0.160%	$49K	$418K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5039	+0.137%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5031	+0.085%	$810K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5045	+0.177%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5027	+0.060%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5030	+0.083%	$49.6M	$13.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5026	+0.053%	$54.5M	$26.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5045	+0.180%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5023	+0.034%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5031	+0.085%	$72K	$39K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0139%	1h	1.5032	+0.093%	$1.7M	$894K	25x	as long as short
Kalshi KXXRPPERP	+0.0172%	8h	1.5053	+0.233%	$1.7M	$31.9M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5035	+0.113%	$5.2M	$39.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0208%	1h	1.5041	+0.155%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5043	+0.166%	$23.9M	$58.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5026	+0.050%	$15.9M	$54.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5028	+0.064%	$19K	$37K	7x	as long as short
Hyperliquid XRP	+0.0420%	1h	1.5038	+0.133%	$273.4M	$155.5M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5048	+0.198%	$389K	$461K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5100	+0.546%	$67K	$89K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5062	+0.293%	$1K	$9K	10x	as long as short