Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.065%
Price spread now: BloFin against gTrade (Gains Network)+0.456%770s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2842.843% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.200%+$20 on $10k
Price spread, last 3 days (all we have)−0.544%−$54 · spread now +0.456%, 7d avg +0.012%
Together, before fees−0.344%−$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.444% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 770 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5124L +0.0003% / S −0.0004%pay 0.0000% / 1h36m 05s$252K150x
ShortBloFin XRP-USDT1.51930.0220get 0.0220% / 8h6h 36m$24.0M$75.2M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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

Funding earned
$45.5
Price spread: +0.456% → +0.012%
$44.39
Slippage, 4 orders
−$262.32
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$194.43
Costs to cover
2.843%
Break-even
36.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 33 min ago; BloFin: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 33 min ago130.04 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell BloFin live order book, 13 min ago0.99 bp7.3 bp −$77.9 bp −$7913.6 bp −$1,36127.4 bp −$13.7K

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5078−0.304%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5095−0.190%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5100−0.159%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5124long leg$252K150x
GMX XRP/USD [ETH-USDC]L +0.0018% / S +0.0062%1h1.5123−0.009%$801K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.883%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5128+0.028%$14.6M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0070%8h1.5127+0.020%$58K$947K50xas long as short
Lighter XRP+0.0096%1h1.5132+0.056%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5135+0.073%$517K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5110−0.093%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5110−0.094%$800K$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5131+0.046%$38.5M$84.5M100xas long as short
Pacifica XRP+0.0100%1h1.5106−0.116%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5130+0.040%$537.3M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5128+0.026%$340.0M$942.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5132+0.053%$123.8M$872.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5069−0.364%$561K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5116−0.053%$115K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5101−0.152%$1.6M$307K20xas long as short
Gate XRP_USDT+0.0100%8h1.5129+0.033%$367.1M$151.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5131+0.046%$288.7M$907.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5128+0.026%$106.7M$172.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5129+0.033%$265.5M$385.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5129+0.033%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5126+0.014%$6.2M$35.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5093−0.205%$655K$108.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5084−0.266%$1.1M$38.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5108−0.106%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5115−0.060%$12K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5129+0.033%$45K$446K20xas long as short
Bullet XRP-USD+0.0100%1h1.5128+0.026%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5131+0.044%$814K$79K10xas long as short
SunX XRP-USDT+0.0100%8h1.5136+0.079%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5130+0.040%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5130+0.040%$49.6M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5130+0.040%$53.8M$29.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5112−0.080%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5124−0.002%$2.0M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5130+0.036%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0144%1h1.5120−0.026%$8K$8K10xas long as short
Hyperliquid XRP+0.0207%1h1.5141+0.112%$280.0M$220.9M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5124+0.002%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5138+0.093%$5.7M$46.6M50xas long as short
BloFin XRP-USDTshort+0.0220%8h1.5193+0.456%$24.0M$75.2M125x
Deribit XRP_USDC-PERPETUAL+0.0279%1h1.5133+0.060%$7.6M$25.3M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5094−0.200%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0337%1h1.5141+0.112%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0342%8h1.5112−0.079%$2.1M$36.1M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5121−0.020%$535K$783K10xas long as short
Aftermath Perps XRPUSD+0.0798%1h1.5117−0.048%$2K$14K10xas long as short