Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.005%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1361.356% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.005%, 7d avg −0.024%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5151	0.0100	pay 0.0100% / 8h	6h 43m	$127K	$1.8M	30x
Short	Gate XRP_USDT	1.5150	0.0100	get 0.0100% / 8h	6h 43m	$367.9M	$150.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.024%: $1.83
Slippage, 4 orders: −$112.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$133.81
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Gate: live order book, 6 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 SunX live order book, 12 min ago	44.24 bp	62.2 bp −$62	67.3 bp −$673	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	10.7 bp −$11	15.1 bp −$151	28.3 bp −$2,834	38.9 bp −$19.4K

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	1.5156	+0.034%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5155	+0.026%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.061%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5139	−0.077%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0065%	1h	1.5141	−0.067%	$830K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.701%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5148	−0.020%	$14.6M	$72.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5156	+0.034%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	−0.006%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5157	+0.041%	$518K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5153	+0.015%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	−0.022%	$882K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5162	+0.075%	$38.4M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5153	+0.015%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5153	+0.013%	$536.4M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5149	−0.012%	$337.8M	$938.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5152	+0.008%	$123.8M	$871.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5157	+0.041%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5157	+0.041%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.212%	$1.6M	$305K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5150	−0.005%	$367.9M	$150.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5152	+0.008%	$292.1M	$900.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5150	−0.009%	$108.4M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5149	−0.012%	$264.8M	$384.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5150	−0.005%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.029%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5178	+0.181%	$660K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	−0.006%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5185	+0.226%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5153	+0.011%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5152	+0.008%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5150	−0.003%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5159	+0.052%	$816K	$74K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5151	long leg	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5153	+0.015%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5153	+0.013%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5155	+0.028%	$53.8M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.010%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5146	−0.034%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	+0.031%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5161	+0.067%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5160	+0.061%	$9.0M	$25.0M	50x	as long as short
Hyperliquid XRP	+0.0173%	1h	1.5160	+0.061%	$280.5M	$223.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5148	−0.016%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5156	+0.034%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.279%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5141	−0.062%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0335%	8h	1.5152	+0.008%	$2.1M	$36.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0355%	1h	1.5164	+0.087%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5158	+0.045%	$537K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0797%	1h	1.5163	+0.083%	$2K	$14K	10x	as long as short