Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Gate−0.039%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−$35as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.039%, 7d avg −0.004%

Together, before fees−0.020%−$2 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: Arcus is 0.035% cheaper against Gate than usual: you would sell low and buy high, −$4 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	Gate XRP_USDT	1.5428	0.0100	pay 0.0100% / 8h	2h 03m	$368.1M	$134.6M	100x
Short	Arcus XRP-USD	1.5422	0.0100	get 0.0013% / 1h	3m 05s	$121K	$688K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.004%: −$3.52
Slippage, 4 orders: −$11.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$34.65
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Arcus: live order book, 21 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 Gate live order book, 6 min ago	0.65 bp	11.6 bp −$12	16.7 bp −$167	33.0 bp −$3,303	44.0 bp −$22.0K
Sell Arcus live order book, 21 min ago	1.30 bp	5.0 bp −$5	16.5 bp −$165	43.7 bp −$4,367	doesn't fit

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	1.5415	−0.084%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.151%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5410	−0.117%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5422	−0.037%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5430	+0.013%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.894%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5426	−0.013%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0163%	1h	1.5422	−0.041%	$908K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5432	+0.023%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5433	+0.032%	$446K	$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
Nado XRP-PERP	+0.0100%	1h	1.5418	−0.062%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5429	+0.008%	$39.3M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	−0.067%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5438	+0.065%	$555.3M	$1.88B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5439	+0.071%	$347.5M	$853.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5443	+0.097%	$125.7M	$850.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.227%	$573K	$40K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5422	−0.039%	$121K	$688K	20x
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.282%	$1.7M	$470K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5428	long leg	$368.1M	$134.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5429	+0.006%	$286.5M	$825.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5429	+0.005%	$112.2M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5446	+0.117%	$267.7M	$347.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5435	+0.045%	—	$114.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.118%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5390	−0.244%	$669K	$96.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.194%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.272%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5410	−0.116%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5421	−0.045%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5418	−0.065%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5424	−0.025%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5421	−0.046%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	−0.013%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5417	−0.069%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5426	−0.013%	$55.1M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.089%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5422	−0.039%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5447	+0.120%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5425	−0.022%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5423	−0.032%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5425	−0.021%	$15.7M	$65.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5429	+0.006%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0203%	1h	1.5444	+0.104%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5418	−0.065%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5434	+0.039%	$24.3M	$69.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0301%	8h	1.5442	+0.091%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5398	−0.192%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5425	−0.019%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0517%	1h	1.5451	+0.149%	$285.3M	$191.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0572%	1h	1.5424	−0.024%	$1K	$11K	10x	as long as short