Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0258%/8h= −28.3% APRpaid last 24h −0.120%

Price spread now: Gate against RISEx−0.094%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.324%−$32 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.094%, 7d avg −0.049%

Together, before fees−0.230%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.045% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5168	0.0358	pay 0.0045% / 1h	16m 57s	$516K	$776K	10x
Short	Gate XRP_USDT	1.5154	0.0100	get 0.0100% / 8h	3h 16m	$372.2M	$156.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: −$54.23
Price spread: −0.094% → −0.049%: −$4.48
Slippage, 4 orders: −$7.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.77
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from RISEx: live order book, 37 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 RISEx live order book, 37 min ago	1.61 bp	4.6 bp −$5	10.2 bp −$102	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.33 bp	8.9 bp −$9	14.0 bp −$140	28.4 bp −$2,839	38.8 bp −$19.4K

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	1.5167	−0.008%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5179	+0.071%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5171	+0.018%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5178	+0.065%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5177	+0.056%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.583%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5171	+0.016%	$796K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	+0.065%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5175	+0.045%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5159	−0.061%	$9K	$351K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5176	+0.055%	$977K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5150	−0.120%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5176	+0.053%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5152	−0.107%	$535.0M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.107%	$344.8M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	−0.094%	$125.9M	$884.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	−0.034%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5169	+0.005%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.024%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5154	−0.094%	$372.2M	$156.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5149	−0.127%	$295.9M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5160	−0.051%	$109.3M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	−0.100%	$269.0M	$390.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5153	−0.100%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.123%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.081%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.011%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	−0.034%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5169	+0.003%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5175	+0.045%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5171	+0.019%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5172	+0.025%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5173	+0.034%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5178	+0.065%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	+0.045%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5174	+0.036%	$49.6M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	−0.008%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5175	+0.047%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	−0.118%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5171	+0.020%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5168	−0.001%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5181	+0.084%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5168	0.000%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	−0.034%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0250%	8h	1.5182	+0.091%	$1.9M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5170	+0.012%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5167	−0.011%	$17K	$82K	7x	as long as short
RISEx XRP/USDClong	+0.0358%	1h	1.5168	long leg	$516K	$776K	10x
Hyperliquid XRP	+0.0408%	1h	1.5177	+0.058%	$298.3M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.144%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0648%	1h	1.5178	+0.067%	$2K	$15K	10x	as long as short