Funding you earn now, next payment 03:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.099%
Price spread now: GMX against Variational Omni−0.160%50s7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.247%−$25 on $10k
+Price spread, last 4 days (all we have)+1.081%+$108 · spread now −0.160%, 7d avg +0.045%
=Together, before fees+0.833%+ Points / potential airdropVariational Omni: Active · farm board+$83 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.205% cheaper against Variational Omni than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.045%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XRP | 1.5200 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $5.9M | $36.8M | — |
| Short | GMX XRP/USD [ETH-USDC] | 1.5175 | L +0.0031% / S +0.0037% | pay 0.0005% / 1h | 6m 23s | $833K | — | 200x |
Variational Omni XRP
GMX XRP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.74
- Price spread: −0.160% → +0.045%
- −$20.5
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$61.23
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; GMX: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago | 2.01 bp | doesn't fit | 5.8 bp −$58 | 21.1 bp −$2,111 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | 1.5161 | −0.254% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5167 | −0.213% | $1.1M | $110K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5175 | −0.161% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5156 | −0.286% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0031% / S +0.0037% | 1h | 1.5175 | −0.160% | $833K | — | 200x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.372% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0056% | 1h | 1.5155 | −0.293% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0077% | 8h | 1.5177 | −0.148% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5167 | −0.211% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5168 | −0.207% | $511K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5149 | −0.332% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5155 | −0.290% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5169 | −0.201% | $281.8M | $223.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5160 | −0.260% | $38.3M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5165 | −0.227% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5158 | −0.270% | $535.2M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5153 | −0.306% | $345.4M | $930.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5157 | −0.280% | $125.6M | $871.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5169 | −0.201% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5163 | −0.240% | $114K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | +0.154% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5164 | −0.234% | $368.4M | $154.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5159 | −0.267% | $297.5M | $904.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5159 | −0.269% | $108.6M | $172.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5155 | −0.293% | $268.9M | $381.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5158 | −0.273% | — | $126.0M | — | as long as short |
| Variational Omni XRPlong | +0.0100% | 8h | 1.5200 | long leg | $5.9M | $36.8M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5189 | −0.067% | $660K | $107.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5183 | −0.109% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5189 | −0.069% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | −0.250% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5157 | −0.280% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5159 | −0.264% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5178 | −0.143% | $817K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5181 | −0.122% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5172 | −0.181% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5173 | −0.173% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5173 | −0.175% | $53.9M | $30.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5164 | −0.231% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5157 | −0.283% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5176 | −0.156% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0181% | 1h | 1.5179 | −0.135% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0200% | 1h | 1.5175 | −0.162% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5157 | −0.280% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5175 | −0.161% | $5.6M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5179 | −0.135% | $24.2M | $75.6M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5172 | −0.184% | $14.3M | $73.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0341% | 8h | 1.5180 | −0.129% | $2.1M | $34.6M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5160 | −0.262% | $516K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | −0.063% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0654% | 1h | 1.5193 | −0.042% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD