Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against Gate−0.003%53s7-day average −0.001% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.403%−$40 · spread now −0.003%, 7d avg −0.001%

Together, before fees−0.340%−$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5145	0.0100	pay 0.0100% / 8h	7h 30m	$377.0M	$153.9M	100x
Short	Derive XRP-PERP	1.5145	0.0100	get 0.0013% / 1h	30m 16s	$815K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.001%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Derive: 3 bp × 2 orders: −$6
Net: −$21.2
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

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, 4 min ago	0.33 bp	9.2 bp −$9	13.8 bp −$138	25.9 bp −$2,593	35.4 bp −$17.7K
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5151	+0.039%	$14.7M	$74.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5145	0.000%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.165%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	+0.038%	$246K	—	150x	as long as short
dYdX XRP-USD	+0.0010%	1h	1.5149	+0.027%	$1.1M	$158K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5157	+0.079%	$7.7M	$23.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.740%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5143	−0.016%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5153	+0.051%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5155	+0.066%	$618K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5141	−0.026%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5145	+0.003%	$990K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5152	+0.046%	$38.5M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5146	+0.005%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5153	+0.053%	$528.2M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5151	+0.040%	$352.7M	$939.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5152	+0.046%	$125.8M	$848.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.033%	$556K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5152	+0.046%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.370%	$1.6M	$13K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5145	long leg	$377.0M	$153.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5154	+0.059%	$312.4M	$917.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5146	+0.009%	$105.8M	$183.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5149	+0.026%	$267.9M	$380.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5144	−0.007%	—	$108.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5142	−0.020%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	+0.107%	$659K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.350%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.066%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5152	+0.043%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	+0.026%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5149	+0.026%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5147	+0.013%	$77K	$648K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5145	−0.003%	$815K	$76K	10x
SunX XRP-USDT	+0.0100%	8h	1.5156	+0.073%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	−0.007%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	+0.029%	$49.5M	$14.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5156	+0.073%	$54.0M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5149	+0.027%	$472K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	−0.029%	$2.1M	$6.7M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5146	+0.007%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5152	+0.047%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0119% / S −0.0085%	1h	1.5151	+0.042%	$785K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5154	+0.059%	$5.3M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5150	+0.033%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5160	+0.096%	$289.8M	$267.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5156	+0.073%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5144	−0.007%	$23.7M	$77.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5147	+0.015%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5150	+0.032%	$519K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0559%	1h	1.5176	+0.207%	$2K	$16K	10x	as long as short