Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Arcus+0.110%7-day average +0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.110%, 7d avg +0.004%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.107% dearer against Arcus than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5393	0.0100	pay 0.0013% / 1h	3m 50s	$120K	$688K	20x
Short	Gate XRP_USDT	1.5410	0.0100	get 0.0100% / 8h	2h 03m	$367.6M	$134.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.004%: $10.67
Slippage, 4 orders: −$11.64
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.47
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Arcus: live order book, 20 min ago; Gate: live order book, 5 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 Arcus live order book, 20 min ago	1.30 bp	5.3 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.65 bp	9.2 bp −$9	12.7 bp −$127	28.7 bp −$2,870	39.9 bp −$20.0K

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	1.5398	+0.032%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5391	−0.015%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.370%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5391	−0.011%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	+0.026%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.669%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5395	+0.013%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0164%	1h	1.5390	−0.018%	$906K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5395	+0.014%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5397	+0.026%	$445K	$3.1M	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	1.5391	−0.010%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5395	+0.016%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5390	−0.018%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5411	+0.118%	$554.5M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5410	+0.110%	$346.8M	$853.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5412	+0.123%	$125.5M	$848.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	+0.104%	$573K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5393	long leg	$120K	$688K	20x
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.510%	$1.7M	$470K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5410	+0.110%	$367.6M	$134.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5410	+0.110%	$286.8M	$825.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5393	+0.001%	$112.0M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5410	+0.110%	$267.2M	$347.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5410	+0.110%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.109%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.326%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	+0.075%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5410	+0.110%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5392	−0.005%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5396	+0.019%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	+0.005%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5392	−0.009%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5398	+0.034%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5393	0.000%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5389	−0.027%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5393	0.000%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5391	−0.013%	$480K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5398	+0.032%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5410	+0.109%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	−0.003%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5400	+0.045%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5393	−0.002%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5401	+0.052%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5401	+0.052%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5392	−0.006%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5396	+0.019%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5414	+0.136%	$1.8M	$31.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5387	−0.037%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5395	+0.016%	$404K	$498K	10x	as long as short
Hyperliquid XRP	+0.0514%	1h	1.5411	+0.117%	$283.8M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5417	+0.153%	$1K	$11K	10x	as long as short