Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: OKX against gTrade (Gains Network)−0.103%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$2812.810% of the position

Long on gTrade (Gains Network)Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.103%, 7d avg +0.016%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.119% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.016%). If the spread goes back, that is −$12 on $10k: about 4.1 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	gTrade (Gains Network) XRP/USD	1.5311	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	56m 40s	$242K	—	150x
Short	OKX XRP-USDT-SWAP	1.5295	0.0100	get 0.0100% / 8h	4h 56m	$124.0M	$820.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $20.3
Price spread: −0.103% → +0.016%: −$11.88
Slippage, 4 orders: −$260.98
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$272.56
Costs to cover: 2.810%
Break-even: 101.0 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 50 min ago; OKX: live order book, 6 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 gTrade (Gains Network) virtual book (oracle exchange), 50 min ago	130.02 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell OKX live order book, 6 min ago	0.33 bp	5.6 bp −$6	7.1 bp −$71	13.8 bp −$1,376	35.5 bp −$17.8K

XRP on 51 exchanges

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	1.5378	+0.440%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5316	+0.035%	$13.8M	$68.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5307	−0.023%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.126%	$69K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5317	+0.041%	$7.7M	$19.9M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5311	long leg	$242K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.628%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5322	+0.076%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5303	−0.047%	$2.7M	$13.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5309	−0.011%	$598K	$3.0M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XRPUSD	+0.0096%	1h	1.5304	−0.044%	$9K	$987	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5318	+0.048%	$5.4M	$42.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5305	−0.039%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5297	−0.089%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5305	−0.034%	$840K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5320	+0.061%	$297.7M	$264.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5302	−0.057%	$38.9M	$79.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5305	−0.039%	$588K	$985K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5301	−0.064%	$532.5M	$2.03B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5296	−0.096%	$360.6M	$856.3M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5295	−0.103%	$124.0M	$820.0M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5336	+0.165%	$562K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5305	−0.037%	$163K	$692K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5301	−0.063%	$377.2M	$156.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5302	−0.057%	$316.3M	$872.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5302	−0.059%	$104.7M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5298	−0.083%	$270.6M	$347.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5297	−0.089%	—	$98.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	+0.142%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	+0.044%	$667K	$105.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5339	+0.185%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	+0.198%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	+0.038%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5314	+0.022%	$52K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5314	+0.023%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5313	+0.015%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5313	+0.018%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5311	−0.001%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5313	+0.015%	$31K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5310	−0.005%	$49.9M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5312	+0.008%	$54.7M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5324	+0.090%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5291	−0.128%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5310	−0.008%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0113%	8h	1.5321	+0.067%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0173%	1h	1.5323	+0.080%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5309	−0.011%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5309	−0.014%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0253% / S −0.0496%	1h	1.5313	+0.018%	$885K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5306	−0.031%	$506K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0387%	1h	1.5320	+0.063%	$3K	$13K	10x	as long as short