Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0093%/8h= −10.2% APRnext payment $0.12 per $10,000 · paid last 24h +0.031%
Price spread now: gTrade (Gains Network) against GMX+0.003%7-day average −0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.088%+$9 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.003%, 7d avg −0.028%
Together, before fees+0.085%+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.031% dearer against GMX than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.028%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XRP/USD [ETH-USDC]1.5217L +0.0097% / S −0.0055%pay 0.0012% / 1h48m 29s$785K200x
ShortgTrade (Gains Network) XRP/USD1.5218L +0.0003% / S −0.0004%get 0.0000% / 1h48m 29s$246K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$19.61
Price spread: +0.003% → −0.028%
$3.07
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$38.54
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) virtual book (oracle venue), 56 min ago130.02 bp135.0 bp −$135193.1 bp −$1,9311958.1 bp −$195.8Kdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5208−0.060%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5231+0.094%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDshortL +0.0003% / S −0.0004%1h1.5218+0.003%$246K150x
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5224+0.045%$7.8M$24.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.253%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5221+0.026%$14.5M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5240+0.149%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5239+0.144%$605K$3.2M20xas long as short
GMX XRP/USD [ETH-USDC]longL +0.0097% / S −0.0055%1h1.5217long leg$785K200x
Katana Perps XRP-USD+0.0099%8h1.5226+0.058%$10K$372K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5231+0.088%$1.0M$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5233+0.104%$38.7M$87.1M100xas long as short
Pacifica XRP+0.0100%1h1.5239+0.144%$614K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5234+0.110%$533.5M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5229+0.078%$350.3M$958.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5231+0.091%$127.9M$882.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5190−0.178%$566K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5242+0.163%$145K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5191−0.175%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5238+0.137%$379.6M$159.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5239+0.144%$315.5M$917.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5237+0.128%$107.3M$184.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5231+0.091%$269.3M$393.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5236+0.124%$107.5Mas long as short
Variational Omni XRP+0.0100%8h1.5190−0.181%$4.9M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5208−0.061%$661K$113.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5188−0.189%$1.1M$35.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5215−0.014%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5233+0.103%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5235+0.117%$50K$511K20xas long as short
Bullet XRP-USD+0.0100%1h1.5217−0.001%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5218+0.006%$75K$686K50xas long as short
Derive XRP-PERP+0.0100%1h1.5220+0.019%$819K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5210−0.050%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5219+0.012%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5218+0.006%$49.7M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5225+0.052%$54.4M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5241+0.155%$475K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5237+0.128%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5216−0.007%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0120%1h1.5216−0.005%$17K$78K7xas long as short
01 Exchange XRPUSD+0.0128%1h1.5233+0.104%$9K$2K10xas long as short
Backpack XRP_USDC_PERP+0.0167%1h1.5232+0.098%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0168%1h1.5245+0.183%$290.4M$267.5M20xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5222+0.032%$5.6M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0210%8h1.5211−0.040%$1.7M$34.6M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5211−0.039%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5219+0.012%$23.7M$78.0M125xas long as short
RISEx XRP/USDC+0.0394%1h1.5242+0.163%$530K$803K10xas long as short
Phoenix XRP+0.0526%1h1.5200−0.113%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0669%1h1.5215−0.012%$2K$16K10xas long as short