Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.013%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.013%, 7d avg −0.002%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XRPUSDT	1.5325	0.0100	pay 0.0100% / 8h	5h 05m	$54.7M	$33.1M	50x
Short	Gate XRP_USDT	1.5327	0.0100	get 0.0100% / 8h	5h 05m	$377.7M	$161.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.002%: $1.52
Slippage, 4 orders: −$11.94
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.42
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 2 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 Phemex live order book, 2 min ago	1.30 bp	11.5 bp −$12	13.9 bp −$139	26.3 bp −$2,631	doesn't fit
Sell Gate live order book, 2 min ago	0.33 bp	9.1 bp −$9	13.6 bp −$136	31.7 bp −$3,171	41.7 bp −$20.8K

XRP on 51 exchanges

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	1.5395	+0.457%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5330	+0.035%	$13.8M	$69.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5327	+0.010%	$1.1M	$154K	10x	as long as short
01 Exchange XRPUSD	0.0000%	1h	1.5331	+0.039%	$9K	$987	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.033%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5329	+0.026%	$7.7M	$20.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5318	−0.044%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.533%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5327	+0.016%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5330	+0.032%	$2.8M	$14.2M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5333	+0.052%	$599K	$3.2M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5328	+0.021%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5320	−0.033%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	−0.003%	$838K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5339	+0.091%	$297.5M	$264.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5329	+0.023%	$39.0M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5326	+0.008%	$589K	$987K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5328	+0.018%	$533.0M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5326	+0.007%	$361.4M	$859.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5322	−0.020%	$124.2M	$824.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5267	−0.378%	$562K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5330	+0.033%	$163K	$695K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5327	+0.013%	$377.7M	$161.3M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5328	+0.020%	$316.6M	$909.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5327	+0.012%	$105.0M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5327	+0.013%	$271.4M	$350.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5325	0.000%	—	$98.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5324	−0.004%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5302	−0.147%	$665K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5299	−0.170%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5287	−0.248%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5328	+0.023%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5329	+0.026%	$52K	$470K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5326	+0.009%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5326	+0.007%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	−0.144%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5332	+0.044%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5327	+0.013%	$32K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5322	−0.020%	$49.9M	$13.2M	75x	as long as short
Phemex XRPUSDTlong	+0.0100%	8h	1.5325	long leg	$54.7M	$33.1M	50x
Bulk XRP-USD	+0.0100%	1h	1.5324	−0.003%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	−0.029%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5323	−0.015%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5326	+0.007%	$5.5M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0117%	8h	1.5327	+0.013%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0158%	1h	1.5338	+0.085%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5328	+0.020%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5325	−0.003%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5333	+0.052%	$507K	$723K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0245% / S −0.0472%	1h	1.5328	+0.019%	$886K	—	200x	as long as short
Aftermath Perps XRPUSD	+0.0367%	1h	1.5306	−0.123%	$3K	$13K	10x	as long as short