Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.028%

Price spread now: Deribit against Gate+0.039%51s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.039%, 7d avg +0.028%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5360	0.0100	pay 0.0100% / 8h	18m 28s	$361.3M	$148.0M	100x
Short	Deribit XRP_USDC-PERPETUAL	1.5366	0.0010	get 0.0001% / 1h	18m 28s	$9.4M	$25.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$18.9
Price spread: +0.039% → +0.028%: $1.06
Slippage, 4 orders: −$5.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.56
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Deribit: 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	0.33 bp	9.7 bp −$10	12.0 bp −$120	26.4 bp −$2,636	41.3 bp −$20.7K
Sell Deribit live order book, 1 min ago	0.32 bp	3.8 bp −$4	6.1 bp −$61	37.9 bp −$3,787	doesn't fit

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	1.5364	+0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5358	−0.013%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5370	+0.065%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5359	−0.007%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0095%	1h	1.5358	−0.011%	$844K	—	200x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0010%	1h	1.5366	+0.039%	$9.4M	$25.6M	50x
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5364	+0.023%	$15.0M	$69.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0059%	8h	1.5365	+0.033%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.302%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5355	−0.035%	$2.9M	$13.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5364	+0.026%	$440K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5362	+0.016%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5363	+0.021%	$39.1M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5361	+0.004%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5364	+0.025%	$546.6M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5361	+0.007%	$342.0M	$924.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5362	+0.013%	$125.5M	$879.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5356	−0.026%	$572K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5370	+0.065%	$117K	$758K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.082%	$1.7M	$571K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5360	long leg	$361.3M	$148.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5362	+0.013%	$299.5M	$888.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5360	+0.003%	$110.1M	$165.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5360	0.000%	$267.7M	$375.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5362	+0.013%	—	$121.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5364	+0.029%	$11.5M	$30.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	+0.002%	$667K	$105.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5364	+0.026%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5364	+0.026%	$1.0M	$900K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5361	+0.006%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.026%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5362	+0.014%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5366	+0.041%	$827K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5370	+0.065%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5365	+0.033%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5357	−0.021%	$50.4M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5369	+0.059%	$54.7M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	+0.046%	$479K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5366	+0.039%	$10K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5363	+0.017%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5363	+0.018%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5371	+0.072%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5357	−0.017%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5364	+0.026%	$24.3M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5372	+0.078%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5370	+0.065%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5364	+0.027%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5366	+0.039%	$2.0M	$34.5M	2.9x	as long as short
Hyperliquid XRP	+0.0585%	1h	1.5378	+0.117%	$293.7M	$213.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5378	+0.118%	$500K	$638K	10x	as long as short
Aftermath Perps XRPUSD	+0.0781%	1h	1.5375	+0.096%	$1K	$11K	10x	as long as short