Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.085%

Price spread now: Binance against GMX+0.029%7-day average −0.027% · you sell dearer than you buy

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.180%+$18 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.029%, 7d avg −0.027%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.056% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5245	L +0.0019% / S +0.0071%	pay 0.0002% / 1h	2m 40s	$836K	—	200x
Short	Binance XRPUSDT	1.5250	0.0100	get 0.0100% / 8h	7h 02m	$538.8M	$2.05B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.029%Rate

Funding earned: $16.98
Price spread: +0.029% → −0.027%: $5.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $0.63
Costs to cover: 0.220%
Break-even: 6.7 days

Slippage unknown: GMX: no order-book sample; Binance: live order book, 11 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.32 bp	5.5 bp −$6	7.3 bp −$73	14.1 bp −$1,407	30.4 bp −$15.2K

GMX: 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
Hotstuff XRP-PERP	−0.0080%	1h	1.5249	+0.025%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5241	−0.030%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5250	+0.029%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5256	+0.071%	$9.2M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0019% / S +0.0071%	1h	1.5245	long leg	$836K	—	200x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.065%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5253	+0.052%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5258	+0.084%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5259	+0.094%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5265	+0.130%	$511K	$3.3M	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	1.5245	−0.001%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5237	−0.053%	$475K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5252	+0.046%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5264	+0.125%	$38.6M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5250	+0.034%	$627K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5250	+0.029%	$538.8M	$2.05B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5240	−0.034%	$340.1M	$920.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5232	−0.086%	$123.2M	$863.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−0.198%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5235	−0.066%	$114K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.686%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5235	−0.066%	$366.5M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5242	−0.021%	$300.1M	$917.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5255	+0.064%	$110.4M	$167.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5228	−0.112%	$267.1M	$376.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5236	−0.060%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	+0.456%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.676%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.542%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5318	+0.478%	$1.2M	$998K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5254	+0.058%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5250	+0.030%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5256	+0.073%	$821K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5263	+0.115%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	+0.052%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5251	+0.039%	$50.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5240	−0.034%	$54.1M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5264	+0.123%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5229	−0.103%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5256	+0.072%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5250	+0.033%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5232	−0.086%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5251	+0.039%	$5.7M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0245%	1h	1.5246	+0.005%	$14.4M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0302%	1h	1.5263	+0.117%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5315	+0.461%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5263	+0.117%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0363%	1h	1.5272	+0.176%	$287.6M	$215.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.557%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5239	−0.039%	$539K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0857%	1h	1.5325	+0.524%	$2K	$13K	10x	as long as short