Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Gate+0.010%7-day average −0.003% · 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−$289as in the Price arb table

costs, in and out, $10k−$2902.902% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.010%, 7d avg −0.003%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5224	0.0100	pay 0.0100% / 8h	1h 12m	$377.9M	$161.7M	100x
Short	gTrade (Gains Network) XRP/USD	1.5226	L +0.0003% / S −0.0004%	get 0.0000% / 1h	12m 43s	$246K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.010%Rate

Funding earned: −$20.18
Price spread: +0.010% → −0.003%: $1.32
Slippage, 4 orders: −$265.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$309.05
Costs to cover: 2.902%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 31 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, 1 min ago	0.99 bp	9.5 bp −$10	14.2 bp −$142	31.0 bp −$3,096	42.8 bp −$21.4K
Sell gTrade (Gains Network) virtual book (oracle venue), 31 min ago	130.02 bp	135.0 bp −$135	193.1 bp −$1,931	1958.1 bp −$195.8K	doesn't fit

XRP on 50 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	1.5233	+0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	+0.001%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.236%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5226	+0.010%	$246K	—	150x
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5224	+0.001%	$14.5M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.207%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5232	+0.053%	$7.9M	$24.6M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0090% / S −0.0043%	1h	1.5226	+0.012%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5233	+0.057%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5231	+0.046%	$547K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5218	−0.039%	$11K	$371K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5220	−0.023%	$995K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5231	+0.046%	$38.6M	$87.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5233	+0.061%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5234	+0.066%	$534.9M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	+0.039%	$349.3M	$961.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5233	+0.059%	$127.8M	$881.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5217	−0.046%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5231	+0.046%	$145K	$714K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5224	long leg	$377.9M	$161.7M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5229	+0.033%	$311.9M	$932.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5229	+0.033%	$108.0M	$182.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5222	−0.013%	$268.9M	$396.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5226	+0.013%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5233	+0.058%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5227	+0.019%	$661K	$114.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5234	+0.067%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	+0.026%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5232	+0.049%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5228	+0.026%	$64K	$492K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5229	+0.030%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	+0.013%	$75K	$695K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5235	+0.070%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5224	0.000%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5222	−0.014%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	+0.013%	$54.5M	$32.6M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.118%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5239	+0.099%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5220	−0.026%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5227	+0.016%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5231	+0.046%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5226	+0.016%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5230	+0.039%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5234	+0.066%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0215%	1h	1.5241	+0.112%	$290.2M	$266.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5225	+0.007%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	+0.020%	$23.6M	$78.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0222%	8h	1.5234	+0.066%	$1.8M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5229	+0.035%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0665%	1h	1.5236	+0.082%	$2K	$16K	10x	as long as short