Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance+0.128%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.128%, 7d avg −0.002%

Together, before fees−0.105%−$10 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 0.130% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5502	0.0100	pay 0.0100% / 8h	1h 59m	$557.6M	$1.89B	100x
Short	Gate XRP_USDT	1.5522	0.0100	get 0.0100% / 8h	1h 59m	$369.4M	$132.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → −0.002%: $13.01
Slippage, 4 orders: −$5.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.85
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago	0.32 bp	5.3 bp −$5	6.7 bp −$67	14.6 bp −$1,460	35.1 bp −$17.5K
Sell Gate live order book, 5 min ago	0.32 bp	8.4 bp −$8	12.0 bp −$120	26.0 bp −$2,596	36.2 bp −$18.1K

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
Nado XRP-PERP	−0.0305%	1h	1.5549	+0.306%	$1.1M	$5.3M	20x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5495	−0.046%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5491	−0.074%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.465%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5520	+0.116%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.368%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5521	+0.120%	$15.8M	$65.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5517	+0.096%	$82K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0072%	1h	1.5519	+0.109%	$9.5M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S +0.0158%	1h	1.5519	+0.106%	$915K	—	200x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5519	+0.110%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5526	+0.154%	$448K	$3.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5526	+0.156%	$39.5M	$73.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5512	+0.064%	$677K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5502	long leg	$557.6M	$1.89B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5520	+0.115%	$349.9M	$858.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5519	+0.109%	$126.6M	$858.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5499	−0.020%	$575K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5543	+0.264%	$122K	$701K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.307%	$1.7M	$470K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5522	+0.128%	$369.4M	$132.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5527	+0.160%	$283.7M	$810.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5522	+0.131%	$112.3M	$149.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5509	+0.044%	$268.7M	$348.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5514	+0.077%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	−0.241%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5461	−0.266%	$671K	$96.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	−0.116%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5459	−0.278%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5525	+0.148%	—	$10K	10x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5527	+0.162%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5509	+0.042%	$835K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5522	+0.126%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5518	+0.102%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5532	+0.195%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5525	+0.148%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5519	+0.109%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5538	+0.231%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5515	+0.085%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	+0.078%	$72K	$40K	3x	as long as short
Polymarket Perps XRP-USD	+0.0113%	1h	1.5548	+0.296%	$51K	$436K	20x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5542	+0.257%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5523	+0.135%	$5.7M	$45.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5540	+0.244%	$24.4M	$70.6M	125x	as long as short
01 Exchange XRPUSD	+0.0304%	1h	1.5634	+0.851%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5500	−0.014%	$1.9M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5529	+0.172%	$19K	$66K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0359%	1h	1.5530	+0.180%	$1.8M	$956K	25x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5458	−0.286%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5548	+0.294%	$409K	$524K	10x	as long as short
Hyperliquid XRP	+0.0608%	1h	1.5528	+0.166%	$287.6M	$192.1M	20x	as long as short