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%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.055%7-day average +0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.055%, 7d avg +0.002%

Together, before fees−0.085%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: Variational Omni is 0.053% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5034	0.0100	pay 0.0100% / 8h	4h 46m	$350.3M	$125.7M	100x
Short	Variational Omni XRP	1.5042	0.0100	get 0.0100% / 8h	4h 46m	$6.3M	$19.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.002%: $5.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.66
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 7 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 7 min ago	0.33 bp	10.1 bp −$10	15.2 bp −$152	30.2 bp −$3,021	40.1 bp −$20.0K
Sell Variational Omni RFQ quote, 2 min ago	2.03 bp	doesn't fit	3.2 bp −$32	20.0 bp −$1,998	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
GMX XRP/USD [ETH-USDC]	L −0.0206% / S +0.0293%	1h	1.5035	+0.008%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5017	−0.113%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5018	−0.107%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5042	+0.053%	$8.7M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0005%	1h	1.5037	+0.021%	$267K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.279%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5033	−0.007%	$179K	$777K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5041	+0.048%	$3.0M	$10.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5042	+0.053%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5024	−0.067%	$12K	$244K	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	1.5021	−0.083%	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5032	−0.015%	$38.1M	$67.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5025	−0.061%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5039	+0.031%	$535.3M	$1.72B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5038	+0.027%	$342.4M	$775.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5035	+0.007%	$126.1M	$790.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5035	+0.007%	$559K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5033	−0.007%	$122K	$594K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5024	−0.064%	$1.6M	$171K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5034	long leg	$350.3M	$125.7M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5037	+0.020%	$315.7M	$744.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5037	+0.019%	$111.7M	$136.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5034	0.000%	$259.4M	$318.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5035	+0.007%	—	$3.6M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5042	+0.055%	$6.3M	$19.6M	—
edgeX XRPUSDC	+0.0100%	4h	1.5036	+0.014%	$653K	$88.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5032	−0.011%	$1.1M	$40.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5044	+0.067%	$997K	$785K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5024	−0.064%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5032	−0.013%	$49K	$418K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5032	−0.014%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5036	+0.014%	$810K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5034	+0.003%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5038	+0.027%	$33K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5028	−0.041%	$49.5M	$13.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5040	+0.040%	$54.4M	$26.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5020	−0.093%	$468K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5040	+0.037%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5042	+0.050%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5026	−0.053%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0146%	1h	1.5048	+0.093%	$1.7M	$894K	25x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5022	−0.080%	$1.7M	$31.9M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5044	+0.067%	$5.2M	$39.4M	50x	as long as short
Reya XRPRUSDPERP	+0.0208%	1h	1.5029	−0.031%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5011	−0.153%	$23.9M	$58.8M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5036	+0.016%	$15.3M	$55.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5015	−0.124%	$19K	$37K	7x	as long as short
Hyperliquid XRP	+0.0426%	1h	1.5053	+0.126%	$274.5M	$156.3M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5027	−0.049%	$389K	$461K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.106%	$67K	$89K	15x	as long as short
Aftermath Perps XRPUSD	+0.0572%	1h	1.5040	+0.038%	$1K	$9K	10x	as long as short