Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.053%

Price spread now: edgeX against GMX−0.174%7-day average −0.052% · you buy dearer than you sell

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

Long on GMX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.174%, 7d avg −0.052%

Together, before fees+0.046%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.121% cheaper against GMX than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of −0.052%). If the spread goes back, that is −$12 on $10k: about 4.7 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.037% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5365	L +0.0015% / S +0.0078%	pay 0.0002% / 1h	24m 44s	$842K	—	200x
Short	edgeX XRPUSDC	1.5338	0.0100	get 0.0050% / 4h	3h 24m	$666K	$107.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $17.9
Price spread: −0.174% → −0.052%: −$12.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.22
Costs to cover: 0.210%
Break-even: 13.0 days

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 4 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 edgeX live order book, 4 min ago	1.30 bp	5.8 bp −$6	6.0 bp −$60	9.2 bp −$916	doesn't fit

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	1.5359	−0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5365	+0.003%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5365	+0.001%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0015% / S +0.0078%	1h	1.5365	long leg	$842K	—	200x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.269%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5374	+0.059%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5377	+0.078%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5356	−0.059%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5366	+0.007%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5369	+0.026%	$516K	$3.2M	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	1.5353	−0.078%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5361	−0.024%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5361	−0.023%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5371	+0.039%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5368	+0.020%	$622K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5366	+0.009%	$542.5M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5369	+0.026%	$342.8M	$919.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5368	+0.020%	$125.0M	$869.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.319%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5359	−0.039%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.199%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5370	+0.033%	$375.5M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5370	+0.033%	$314.9M	$905.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5369	+0.025%	$109.1M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5369	+0.026%	$269.0M	$375.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5367	+0.013%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.085%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5338	−0.174%	$666K	$107.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.200%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	−0.098%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5359	−0.040%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5368	+0.020%	$50K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5369	+0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5373	+0.055%	$828K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5369	+0.025%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5371	+0.039%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5374	+0.060%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.046%	$54.7M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5365	+0.001%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5373	+0.050%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	−0.030%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5369	+0.026%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5374	+0.059%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5370	+0.031%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5375	+0.065%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5373	+0.052%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5352	−0.087%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0390%	1h	1.5381	+0.104%	$290.3M	$214.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	−0.098%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0804%	1h	1.5343	−0.142%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5361	−0.029%	$515K	$758K	10x	as long as short