Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Gate against gTrade (Gains Network)+0.045%7-day average +0.019% · 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−$288as in the Price arb table

costs, in and out, $10k−$2902.901% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.045%, 7d avg +0.019%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.026% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5321	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	48m 12s	$245K	—	150x
Short	Gate XRP_USDT	1.5328	0.0100	get 0.0100% / 8h	5h 48m	$381.8M	$156.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.045%Rate

Funding earned: $20.3
Price spread: +0.045% → +0.019%: $2.58
Slippage, 4 orders: −$265.08
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$267.2
Costs to cover: 2.901%
Break-even: 99.1 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 64 min ago; Gate: live order book, 4 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 exchange), 64 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Gate live order book, 4 min ago	0.33 bp	10.1 bp −$10	13.8 bp −$138	32.7 bp −$3,271	44.0 bp −$22.0K

XRP on 50 exchanges

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	1.5403	+0.535%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5328	+0.048%	$14.0M	$70.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5329	+0.050%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.123%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5330	+0.058%	$7.8M	$21.3M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5321	long leg	$245K	—	150x
01 Exchange XRPUSD	+0.0008%	1h	1.5323	+0.012%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.559%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0056%	1h	1.5327	+0.039%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5327	+0.039%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5327	+0.039%	$599K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5328	+0.043%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5321	−0.001%	$10K	$402K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5314	−0.046%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5335	+0.091%	$298.7M	$266.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5325	+0.026%	$39.3M	$81.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	+0.053%	$592K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5325	+0.028%	$534.2M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5326	+0.032%	$361.5M	$888.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5325	+0.025%	$124.7M	$836.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5321	−0.001%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5329	+0.052%	$165K	$681K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.378%	$1.6M	$25K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5328	+0.045%	$381.8M	$156.1M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5323	+0.012%	$313.4M	$889.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5327	+0.038%	$105.9M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5325	+0.025%	$271.9M	$357.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5327	+0.039%	—	$99.3M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5335	+0.091%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5325	+0.023%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5326	+0.034%	$666K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5340	+0.125%	$1.1M	$30.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	+0.130%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5325	+0.024%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5322	+0.006%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	−0.007%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5325	+0.025%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5329	+0.054%	$128K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5321	+0.002%	$49.9M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5327	+0.039%	$54.6M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5320	−0.004%	$2.2M	$6.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5335	+0.093%	$17K	$76K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	−0.005%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5330	+0.058%	$5.4M	$44.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0137%	8h	1.5333	+0.078%	$1.9M	$35.1M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0208% / S −0.0573%	1h	1.5322	+0.008%	$804K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5333	+0.078%	$23.9M	$78.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5323	+0.012%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5328	+0.048%	$515K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0436%	1h	1.5351	+0.193%	$3K	$13K	10x	as long as short