Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.139%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.139%, 7d avg +0.021%

Together, before fees−0.147%−$15 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: SunX is 0.117% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5504	0.0100	pay 0.0100% / 8h	1h 05m	$363.4M	$143.0M	100x
Short	SunX XRP-USDT	1.5526	0.0100	get 0.0100% / 8h	1h 05m	$130K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.021%: $11.74
Slippage, 4 orders: −$45.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$57.2
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; SunX: live order book, 9 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, 3 min ago	0.32 bp	9.6 bp −$10	14.6 bp −$146	27.4 bp −$2,744	37.6 bp −$18.8K
Sell SunX live order book, 9 min ago	17.26 bp	27.1 bp −$27	34.2 bp −$342	doesn't fit	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	1.5513	+0.058%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5506	+0.016%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5521	+0.110%	$9.5M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0001% / S +0.0113%	1h	1.5522	+0.118%	$853K	—	200x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5521	+0.110%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.361%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5519	+0.095%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5521	+0.110%	$76K	$909K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5506	+0.016%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5520	+0.103%	$443K	$3.2M	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	1.5520	+0.101%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5507	+0.017%	$39.4M	$79.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5518	+0.089%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5506	+0.013%	$557.9M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5506	+0.013%	$346.1M	$903.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5506	+0.013%	$127.7M	$881.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5467	−0.239%	$576K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5522	+0.116%	$119K	$746K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	−0.017%	$1.7M	$578K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5504	long leg	$363.4M	$143.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5504	0.000%	$299.8M	$868.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5506	+0.013%	$113.0M	$161.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5506	+0.013%	$270.8M	$366.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5511	+0.045%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5501	−0.017%	$11.8M	$30.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5508	+0.026%	$673K	$101.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5513	+0.059%	$1.1M	$41.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5507	+0.019%	$1.0M	$884K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5526	+0.142%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5524	+0.130%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5523	+0.122%	$836K	$81K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5526	+0.139%	$130K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5520	+0.103%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5517	+0.086%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5517	+0.084%	$55.2M	$29.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5514	+0.062%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5517	+0.082%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5519	+0.097%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5499	−0.030%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5520	+0.101%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5527	+0.148%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5521	+0.107%	$1.4M	$8K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5529	+0.161%	$6.0M	$47.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5499	−0.032%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5494	−0.063%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5525	+0.135%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5526	+0.142%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5500	−0.026%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5534	+0.195%	$509K	$631K	10x	as long as short
Hyperliquid XRP	+0.0580%	1h	1.5521	+0.110%	$290.2M	$204.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0770%	1h	1.5520	+0.102%	$1K	$11K	10x	as long as short