Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.080%

Price spread now: SunX against GMX+0.032%7-day average −0.007% · you sell dearer than you buy

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

Long on GMX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.189%+$19 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.032%, 7d avg −0.007%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.039% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5081	L +0.0024% / S +0.0063%	pay 0.0003% / 1h	39m 09s	$827K	—	200x
Short	SunX XRP-USDT	1.5086	0.0100	get 0.0100% / 8h	6h 39m	$127K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GMX. 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 GMXbpFee SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $16.01
Price spread: +0.032% → −0.007%: $3.89
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.1
Costs to cover: 0.200%
Break-even: 7.0 days

Slippage unknown: GMX: no order-book sample; SunX: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell SunX live order book, 6 min ago	17.59 bp	27.4 bp −$27	34.7 bp −$347	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5060	−0.138%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5091	+0.070%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.193%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5083	+0.011%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0024% / S +0.0063%	1h	1.5081	long leg	$827K	—	200x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.177%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5080	−0.008%	$14.4M	$72.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5082	+0.007%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0082%	1h	1.5083	+0.014%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5082	+0.006%	$2.8M	$14.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5086	+0.034%	$515K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5080	−0.006%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5107	+0.177%	$778K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5102	+0.142%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5102	+0.141%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5089	+0.051%	$535.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5095	+0.094%	$336.8M	$945.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5095	+0.094%	$123.5M	$871.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5098	+0.114%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.054%	$115K	$725K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.676%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5093	+0.080%	$366.4M	$150.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5091	+0.067%	$285.7M	$904.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5080	−0.004%	$106.7M	$172.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5093	+0.080%	$264.9M	$386.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5086	+0.034%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.115%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.475%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5080	−0.004%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.545%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	+0.144%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5107	+0.173%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5091	+0.069%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5083	+0.013%	$812K	$74K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5086	+0.032%	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5083	+0.014%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5092	+0.074%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5088	+0.047%	$53.6M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5093	+0.083%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5077	−0.025%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5082	+0.004%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5095	+0.094%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0183%	1h	1.5098	+0.114%	$279.1M	$220.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5104	+0.156%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5088	+0.047%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.744%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5062	−0.126%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5097	+0.107%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5099	+0.120%	$2.1M	$36.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5092	+0.075%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0800%	1h	1.5124	+0.288%	$2K	$14K	10x	as long as short