Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Arcus−0.029%46s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.198% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.029%, 7d avg +0.006%

Together, before fees−0.051%−$5 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: Binance is 0.036% cheaper against Arcus than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 46 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	Arcus XRP-USD	1.5207	0.0100	pay 0.0013% / 1h	31m 47s	$114K	$646K	20x
Short	Binance XRPUSDT	1.5203	0.0100	get 0.0100% / 8h	2h 31m	$543.8M	$1.84B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.006%: −$3.55
Slippage, 4 orders: −$5.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.34
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Arcus: live order book, 57 min ago; Binance: live order book, 12 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 Arcus live order book, 57 min ago	1.32 bp	4.2 bp −$4	4.9 bp −$49	23.1 bp −$2,312	doesn't fit
Sell Binance live order book, 12 min ago	0.33 bp	5.5 bp −$6	7.2 bp −$72	13.0 bp −$1,299	29.7 bp −$14.8K

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 −0.0210% / S +0.0297%	1h	1.5207	+0.002%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5205	−0.013%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5211	+0.029%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	+0.283%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5209	+0.013%	$9.1M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5208	+0.009%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.546%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5202	−0.033%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5206	−0.004%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5209	+0.013%	$441K	$3.1M	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	1.5199	−0.049%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5201	−0.039%	$38.6M	$71.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5208	+0.004%	$662K	$1.0M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5203	−0.029%	$543.8M	$1.84B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5200	−0.046%	$340.4M	$834.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5198	−0.059%	$122.6M	$824.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5192	−0.099%	$568K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5207	long leg	$114K	$646K	20x
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.351%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5203	−0.026%	$355.0M	$129.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5206	−0.007%	$290.7M	$802.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5204	−0.018%	$112.2M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5198	−0.059%	$264.5M	$338.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5203	−0.026%	—	$113.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	+0.309%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5255	+0.316%	$662K	$95.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.296%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.375%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5203	−0.026%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	−0.046%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5207	0.000%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	−0.021%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5203	−0.026%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	−0.026%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5196	−0.069%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	−0.007%	$54.4M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.003%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5210	+0.020%	$12K	$245K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	−0.034%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5206	−0.008%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0121%	1h	1.5213	+0.039%	$1.7M	$919K	25x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5203	−0.026%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5203	−0.027%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5216	+0.059%	$5.4M	$43.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5198	−0.059%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5218	+0.072%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	−0.007%	$23.7M	$66.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5216	+0.059%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5208	+0.005%	$403K	$496K	10x	as long as short
Hyperliquid XRP	+0.0444%	1h	1.5220	+0.085%	$279.1M	$180.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5235	+0.182%	$1K	$10K	10x	as long as short