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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.030%
Price spread now: Gate against Coinbase International−0.020%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.356% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.020%, 7d avg −0.027%
Together, before fees+0.102%+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XRP-PERP-INTX1.53720.0112pay 0.0014% / 1h55m 52s$5.5M$44.7M50x
ShortGate XRP_USDT1.53690.0100get 0.0100% / 8h5h 55m$383.5M$155.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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
−$2.52
Price spread: −0.020% → −0.027%
$0.72
Slippage, 4 orders
−$10.65
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$37.45
Costs to cover
0.356%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago0.32 bp9.1 bp −$912.3 bp −$12328.1 bp −$2,805doesn't fit
Sell Gate live order book, 1 min ago0.65 bp10.8 bp −$1115.5 bp −$15533.5 bp −$3,35044.1 bp −$22.0K

XRP on 50 exchanges

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%1h1.5403+0.202%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5369−0.018%$14.1M$71.6M50xas long as short
dYdX XRP-USD0.0000%1h1.5385+0.085%$1.1M$155K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5371−0.007%$7.9M$21.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5383+0.070%$246K150xas long as short
01 Exchange XRPUSD+0.0016%1h1.5379+0.046%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.223%$2K$107K30xas long as short
Ondo Perps XRP-USD.P+0.0047%1h1.5389+0.111%$565K$37K5xas long as short
SoDEX XRP-USD+0.0051%1h1.5365−0.046%$30K$1.5M10xas long as short
Lighter XRP+0.0096%1h1.5368−0.026%$2.8M$14.0M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5373+0.007%$601K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5384+0.079%$480K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5377+0.033%$9K$400K20xas long as short
Nado XRP-PERP+0.0100%1h1.5375+0.023%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5377+0.033%$299.7M$267.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5367−0.034%$39.3M$81.8M100xas long as short
Pacifica XRP+0.0100%1h1.5387+0.099%$595K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5367−0.033%$535.9M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5370−0.013%$364.5M$890.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5369−0.020%$124.9M$840.2M100xas long as short
Arcus XRP-USD+0.0100%1h1.5385+0.085%$165K$684K20xas long as short
Bulk XRP-USD+0.0100%1h1.5379+0.046%$1.6M$25K20xas long as short
Gate XRP_USDTshort+0.0100%8h1.5369−0.020%$383.5M$155.7M100x
MEXC XRP_USDT+0.0100%8h1.5366−0.039%$309.9M$885.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5370−0.015%$106.8M$181.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5368−0.026%$272.6M$358.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5370−0.013%$103.5Mas long as short
Variational Omni XRP+0.0100%8h1.5390+0.116%$5.0M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5392+0.133%$669K$110.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5411+0.254%$1.1M$31.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5406+0.221%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5377+0.030%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.53720.000%$53K$475K20xas long as short
Bullet XRP-USD+0.0100%1h1.5368−0.026%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5368−0.026%$84K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5370−0.012%$129K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5378+0.042%$50.1M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.53720.000%$54.8M$33.3M50xas long as short
Backpack XRP_USDC_PERP+0.0101%1h1.5375+0.020%$2.0M$1.2M25xas long as short
Extended XRP-USD+0.0104%1h1.5359−0.082%$2.2M$6.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5364−0.055%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTXlong+0.0112%1h1.5372long leg$5.5M$44.7M50x
Hibachi XRP/USDT-P+0.0120%1h1.5387+0.101%$17K$76K7xas long as short
Kalshi KXXRPPERP+0.0141%8h1.5384+0.078%$1.9M$34.9M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0171% / S −0.0376%1h1.5367−0.030%$609K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5380+0.052%$23.9M$78.8M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5363−0.059%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5384+0.076%$514K$739K10xas long as short
Aftermath Perps XRPUSD+0.0435%1h1.5397+0.159%$3K$14K10xas long as short
Phoenix XRP+0.0516%1h1.5390+0.117%$69K$108K15xas long as short