Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0003%/8hnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: dYdX against gTrade (Gains Network)−0.233%7-day average +0.004% · 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−$334as in the Price arb table

costs, in and out, $10k−$3103.098% of the position

Long on gTrade (Gains Network)Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.233%, 7d avg +0.004%

Together, before fees+0.176%+$18 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: dYdX is 0.238% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$24 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	gTrade (Gains Network) XRP/USD	1.5068	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	23m 39s	$243K	—	150x
Short	dYdX XRP-USD	1.5033	0	get 0.0000% / 1h	23m 39s	$1.1M	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee dYdXbpOrdersPrice spread, now −0.233%Rate

Funding earned: −$0.69
Price spread: −0.233% → +0.004%: −$23.76
Slippage, 4 orders: −$289.8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$334.26
Costs to cover: 3.098%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 9 min ago; dYdX: 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.06 bp	135.1 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell dYdX live order book, 5 min ago	14.34 bp	20.3 bp −$20	24.8 bp −$248	31.8 bp −$3,177	83.4 bp −$41.7K

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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5068	+0.001%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5079	+0.075%	$7K	$2K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5033	−0.233%	$1.1M	$101K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5062	−0.038%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5068	long leg	$243K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.489%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5058	−0.064%	$179K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5035	−0.220%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5041	−0.177%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5080	+0.082%	$12K	$243K	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	1.5075	+0.051%	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5065	−0.017%	$38.3M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5034	−0.222%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5036	−0.211%	$531.5M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5038	−0.197%	$338.9M	$781.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5038	−0.197%	$125.6M	$788.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5017	−0.336%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.141%	$122K	$596K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.4992	−0.501%	$1.6M	$138K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5051	−0.111%	$350.5M	$126.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5036	−0.210%	$308.2M	$759.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5035	−0.220%	$111.2M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5039	−0.190%	$259.2M	$320.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5038	−0.197%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.427%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4999	−0.456%	$651K	$88.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.4998	−0.463%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4987	−0.536%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5065	−0.016%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5075	+0.048%	$50K	$421K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5064	−0.025%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5062	−0.041%	$811K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5057	−0.070%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5054	−0.091%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5047	−0.139%	$49.7M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5056	−0.078%	$54.1M	$27.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5034	−0.223%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5059	−0.055%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5053	−0.100%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5088	+0.135%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5072	+0.029%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5062	−0.038%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5061	−0.044%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5066	−0.010%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5083	+0.102%	$23.6M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5078	+0.067%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5057	−0.074%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0413%	1h	1.5053	−0.098%	$274.5M	$158.4M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5087	+0.125%	$405K	$473K	10x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5026	−0.276%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5020	−0.317%	$67K	$89K	15x	as long as short