Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.023%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.023%, 7d avg +0.036%

Together, before fees−0.044%+ Points / potential airdropExtended: Active · farm board−$4 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 0.059% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5163	0.0104	pay 0.0013% / 1h	33m 17s	$2.1M	$6.7M	50x
Short	Gate XRP_USDT	1.5159	0.0100	get 0.0100% / 8h	7h 33m	$373.7M	$153.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → +0.036%: −$5.94
Slippage, 4 orders: −$5.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.69
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; Gate: live order book, 6 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 Extended live order book, 6 min ago	0.33 bp	3.0 bp −$3	5.6 bp −$56	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	11.2 bp −$11	14.3 bp −$143	29.4 bp −$2,936	40.5 bp −$20.3K

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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5172	+0.059%	$14.7M	$74.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5155	−0.050%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5164	+0.011%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.049%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	+0.234%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	+0.069%	$7.7M	$23.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.621%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5197	+0.227%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5171	+0.053%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5162	−0.004%	$618K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5152	−0.070%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5156	−0.040%	$991K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5158	−0.033%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5158	−0.030%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5158	−0.030%	$528.4M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5159	−0.023%	$353.5M	$939.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5162	−0.004%	$126.3M	$849.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.082%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5160	−0.017%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.254%	$1.6M	$13K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5159	−0.023%	$373.7M	$153.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5160	−0.017%	$311.5M	$916.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5159	−0.023%	$105.9M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5166	+0.023%	$268.2M	$381.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5153	−0.063%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.247%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	+0.234%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.234%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.392%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	+0.064%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	−0.004%	$52K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5163	+0.005%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5164	+0.010%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.297%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5162	−0.004%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5167	+0.029%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5173	+0.069%	$49.5M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5173	+0.069%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	−0.017%	$473K	$54K	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5163	long leg	$2.1M	$6.7M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5167	+0.027%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5155	−0.050%	$8K	$2K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0084%	1h	1.5157	−0.037%	$786K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5168	+0.036%	$5.3M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5167	+0.029%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0184%	1h	1.5171	+0.056%	$289.7M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.049%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5186	+0.157%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5202	+0.260%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5159	−0.025%	$519K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0555%	1h	1.5198	+0.236%	$2K	$16K	10x	as long as short