Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.084%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.084%, 7d avg −0.002%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.086% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5417	0.0100	pay 0.0100% / 8h	2h 03m	$367.8M	$134.6M	100x
Short	Bybit XRPUSDT	1.5430	0.0100	get 0.0100% / 8h	2h 03m	$347.2M	$853.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.002%: $8.62
Slippage, 4 orders: −$9.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.82
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Bybit: live order book, 1 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 Gate live order book, 6 min ago	0.65 bp	11.6 bp −$12	16.7 bp −$167	33.0 bp −$3,303	44.0 bp −$22.0K
Sell Bybit live order book, 1 min ago	0.32 bp	5.9 bp −$6	7.3 bp −$73	15.4 bp −$1,537	29.5 bp −$14.7K

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	1.5415	−0.013%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.080%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5410	−0.045%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5422	+0.034%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5430	+0.084%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.824%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5426	+0.058%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0163%	1h	1.5422	+0.031%	$908K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5432	+0.094%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5433	+0.104%	$446K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5418	+0.010%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5425	+0.055%	$39.3M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	+0.004%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5430	+0.084%	$555.0M	$1.87B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5430	+0.084%	$347.2M	$853.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5430	+0.084%	$125.6M	$849.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.156%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	+0.032%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.354%	$1.7M	$470K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5417	long leg	$367.8M	$134.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5429	+0.078%	$286.5M	$825.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5429	+0.076%	$112.2M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5434	+0.110%	$267.5M	$347.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5428	+0.071%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.047%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5390	−0.173%	$669K	$96.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.123%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.201%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5410	−0.045%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5421	+0.026%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5418	+0.006%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5424	+0.046%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5421	+0.025%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	+0.058%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5417	+0.002%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5426	+0.058%	$55.1M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.018%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5422	+0.032%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5423	+0.037%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5425	+0.049%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5423	+0.039%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5425	+0.051%	$15.7M	$65.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5429	+0.078%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0203%	1h	1.5444	+0.175%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5418	+0.006%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5434	+0.110%	$24.3M	$69.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0301%	8h	1.5442	+0.162%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5398	−0.121%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5425	+0.053%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0516%	1h	1.5433	+0.104%	$284.2M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0572%	1h	1.5424	+0.048%	$1K	$11K	10x	as long as short