Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Gate against Derive−0.031%7-day average −0.003% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.031%, 7d avg −0.003%

Together, before fees+0.068%+$7 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 0.028% cheaper against Derive than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5327	0.0100	pay 0.0013% / 1h	34m 11s	$825K	$81K	10x
Short	Gate XRP_USDT	1.5322	0.0100	get 0.0100% / 8h	7h 34m	$373.8M	$149.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Derive. 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 DerivebpFee GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.003%: −$2.81
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.81
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	0.33 bp	9.7 bp −$10	13.0 bp −$130	24.6 bp −$2,460	34.8 bp −$17.4K

Derive: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5329	+0.014%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5325	−0.011%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5321	−0.037%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5324	−0.018%	$9.3M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0081%	1h	1.5321	−0.040%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.521%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5325	−0.012%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5325	−0.013%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5328	+0.008%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5331	+0.027%	$10K	$279K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5324	−0.018%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5330	+0.024%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5325	−0.013%	$38.7M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	+0.014%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5313	−0.090%	$539.2M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5313	−0.090%	$341.2M	$921.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5323	−0.025%	$124.7M	$868.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.071%	$571K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5333	+0.040%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.202%	$1.6M	$517K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5322	−0.031%	$373.8M	$149.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5322	−0.031%	$307.9M	$902.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5322	−0.029%	$108.7M	$165.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5322	−0.031%	$268.0M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5319	−0.051%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.008%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5307	−0.127%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5296	−0.201%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.040%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5323	−0.025%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5331	+0.027%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5326	−0.007%	$41K	$68K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5327	long leg	$825K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5333	+0.040%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5323	−0.025%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5320	−0.042%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5326	−0.005%	$54.5M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5320	−0.046%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5333	+0.040%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5322	−0.031%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5323	−0.022%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5311	−0.103%	$23.9M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5333	+0.040%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5322	−0.029%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0285%	1h	1.5331	+0.027%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5334	+0.047%	$2.1M	$35.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5333	+0.042%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0401%	1h	1.5332	+0.034%	$289.5M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.151%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0802%	1h	1.5330	+0.018%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5338	+0.071%	$507K	$754K	10x	as long as short