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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Extended against gTrade (Gains Network)+0.016%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2762.759% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.110%+$11 on $10k
Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.016%, 7d avg −0.022%
Together, before fees+0.023%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.038% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5000L +0.0003% / S −0.0004%pay 0.0000% / 1h24m 11s$243K150x
ShortExtended XRP-USD1.50020.0104get 0.0013% / 1h24m 11s$1.9M$6.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.14
Price spread: +0.016% → −0.022%
$3.79
Slippage, 4 orders
−$260.89
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$250.96
Costs to cover
2.759%
Break-even
90.1 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 25 min ago; Extended: live order book, 5 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), 25 min ago130.02 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell Extended live order book, 5 min ago0.33 bp2.8 bp −$34.3 bp −$43doesn't fitdoesn't fit

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%1h1.4997−0.019%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5010+0.069%$14.1M$74.9M50xas long as short
dYdX XRP-USD0.0000%1h1.4997−0.017%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.4980−0.133%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5000long leg$243K150x
Injective XRP/USDC PERP+0.0033%1h1.5560+3.734%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.4998−0.011%$788K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.5005+0.034%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5010+0.070%$2.8M$15.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5010+0.067%$543K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.4990−0.066%$10K$362K20xas long as short
Nado XRP-PERP+0.0100%1h1.5000+0.004%$953K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5019+0.127%$286.4M$261.7M20xas long as short
Aster XRPUSDT+0.0100%8h1.5006+0.042%$38.2M$87.3M100xas long as short
Pacifica XRP+0.0100%1h1.5002+0.014%$600K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5010+0.067%$521.5M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5006+0.041%$341.6M$964.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5007+0.047%$124.5M$877.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4996−0.026%$556K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5000+0.001%$143K$719K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.180%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.5006+0.041%$368.4M$159.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5008+0.054%$278.1M$919.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5006+0.043%$104.7M$181.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5004+0.027%$263.5M$397.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5000+0.001%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.4960−0.266%$4.7M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.4951−0.324%$649K$112.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5001+0.005%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.4945−0.366%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5001+0.007%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5003+0.021%$51K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5000+0.001%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5005+0.034%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5004+0.029%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5004+0.030%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5010+0.067%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5007+0.044%$49.0M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5003+0.021%$53.5M$32.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5012+0.078%$468K$55K50xas long as short
Extended XRP-USDshort+0.0104%1h1.5002+0.016%$1.9M$6.8M50x
Aevo XRP-PERP+0.0104%1h1.5005+0.037%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0148%8h1.4999−0.006%$1.7M$35.8M2.9xas long as short
Deribit XRP_USDC-PERPETUAL+0.0150%1h1.5012+0.081%$7.6M$25.6M50xas long as short
Backpack XRP_USDC_PERP+0.0165%1h1.5017+0.114%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5014+0.094%$5.5M$48.2M50xas long as short
Hibachi XRP/USDT-P+0.0200%1h1.4994−0.040%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.4997−0.018%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.4995−0.033%$23.3M$76.3M125xas long as short
RISEx XRP/USDC+0.0305%1h1.4999−0.005%$515K$784K10xas long as short
Aftermath Perps XRPUSD+0.0616%1h1.5002+0.016%$2K$16K10xas long as short