Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against dYdX−0.069%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days−0.048%−$5 · spread now −0.069%, 7d avg −0.008%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.061% cheaper against dYdX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.008%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5188	0	get 0.0000% / 1h	29m 03s	$1.1M	$110K	10x
Short	Gate XRP_USDT	1.5178	0.0100	get 0.0100% / 8h	5h 29m	$370.0M	$152.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now −0.069%Rate

Funding earned: $21
Price spread: −0.069% → −0.008%: −$6.05
Slippage, 4 orders: −$52.9
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.96
Costs to cover: 0.779%
Break-even: 28.0 days

Slippage from dYdX: live order book, 5 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 dYdX live order book, 5 min ago	22.09 bp	27.1 bp −$27	27.1 bp −$271	142.7 bp −$14.3K	340.9 bp −$170.4K
Sell Gate live order book, 5 min ago	0.33 bp	11.4 bp −$11	13.9 bp −$139	26.0 bp −$2,602	34.6 bp −$17.3K

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5187	−0.010%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5188	long leg	$1.1M	$110K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5183	−0.038%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5176	−0.082%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.446%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5183	−0.038%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5181	−0.049%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5179	−0.062%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5173	−0.103%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5173	−0.102%	$512K	$3.3M	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	1.5172	−0.109%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5183	−0.039%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5184	−0.030%	$281.4M	$221.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5174	−0.098%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5187	−0.010%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5172	−0.109%	$537.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5171	−0.115%	$344.5M	$927.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5175	−0.089%	$125.9M	$868.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	−0.115%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5187	−0.010%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.213%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5178	−0.069%	$370.0M	$152.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5173	−0.102%	$291.8M	$898.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	−0.124%	$108.4M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5179	−0.062%	$268.2M	$380.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5177	−0.076%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.065%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.078%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5214	+0.166%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.129%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.012%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5188	−0.003%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	−0.023%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	−0.056%	$817K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	−0.013%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5173	−0.102%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5182	−0.045%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.115%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.004%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5169	−0.127%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	−0.110%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5178	−0.069%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5184	−0.030%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5177	−0.076%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5178	−0.069%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5198	+0.063%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5170	−0.120%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5182	−0.043%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5187	−0.011%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.010%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5182	−0.041%	$2K	$14K	10x	as long as short