Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.089%

Price spread now: GMX against Binance−0.024%7-day average +0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.240%−$24 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.024%, 7d avg +0.019%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.043% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5164	0.0100	pay 0.0100% / 8h	2h 05m	$527.1M	$2.22B	100x
Short	GMX XRP/USD [ETH-USDC]	1.5160	L +0.0074% / S −0.0019%	get 0.0002% / 1h	5m 08s	$799K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$16.94
Price spread: −0.024% → +0.019%: −$4.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$43.23
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; GMX: no order-book sample. Net counts fees only.

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, 9 min ago	0.33 bp	5.3 bp −$5	6.7 bp −$67	12.0 bp −$1,199	27.2 bp −$13.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5172	+0.053%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5160	−0.030%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	+0.028%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5180	+0.106%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5160	−0.027%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.611%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0074% / S −0.0019%	1h	1.5160	−0.024%	$799K	—	200x
01 Exchange XRPUSD	+0.0080%	1h	1.5159	−0.033%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5164	0.000%	$7.7M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5164	0.000%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5165	+0.007%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5155	−0.059%	$11K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	+0.003%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5161	−0.020%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5167	+0.019%	$603K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5164	long leg	$527.1M	$2.22B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5163	−0.007%	$344.3M	$965.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	−0.020%	$126.4M	$890.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5159	−0.033%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5166	+0.013%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.212%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5162	−0.013%	$374.7M	$162.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	−0.007%	$298.4M	$929.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5163	−0.010%	$107.1M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5160	−0.026%	$266.6M	$399.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5162	−0.013%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5166	+0.012%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5167	+0.019%	$659K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5163	−0.007%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5174	+0.066%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5164	−0.003%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5163	−0.007%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5161	−0.016%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5159	−0.033%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5161	−0.019%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5163	−0.007%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5159	−0.033%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5162	−0.011%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5159	−0.033%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5167	+0.021%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.071%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5158	−0.036%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0145%	1h	1.5175	+0.073%	$289.6M	$264.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5172	+0.052%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5168	+0.026%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0208%	1h	1.5172	+0.053%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0218%	8h	1.5170	+0.040%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5153	−0.071%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5159	−0.033%	$23.2M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5164	−0.003%	$518K	$790K	10x	as long as short
Aftermath Perps XRPUSD	+0.0581%	1h	1.5151	−0.087%	$2K	$16K	10x	as long as short