Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Arcus−0.026%7-day average +0.002% · 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−$24as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.026%, 7d avg +0.002%

Together, before fees+0.048%+$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: BingX is 0.029% cheaper against Arcus than usual: you would sell low and buy high, −$3 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	Arcus XRP-USD	1.5191	0.0100	pay 0.0013% / 1h	0m 05s	$144K	$715K	20x
Short	BingX XRP-USDT	1.5187	0.0100	get 0.0100% / 8h	0m 05s	—	$107.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.002%: −$2.87
Slippage, 4 orders: −$6.77
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.13
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Arcus: live order book, 39 min ago; BingX: live order book, 9 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, 39 min ago	0.99 bp	5.1 bp −$5	8.0 bp −$80	29.3 bp −$2,927	doesn't fit
Sell BingX live order book, 9 min ago	0.66 bp	5.7 bp −$6	5.7 bp −$57	7.7 bp −$770	15.3 bp −$7,634

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	1.5184	−0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5176	−0.101%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5188	−0.020%	$7.7M	$24.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	−0.047%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.429%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5185	−0.038%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	−0.087%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5189	−0.015%	$2.8M	$15.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5193	+0.013%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5177	−0.092%	$20K	$383K	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	1.5180	−0.069%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5185	−0.038%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5185	−0.039%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5185	−0.042%	$530.1M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5179	−0.079%	$350.3M	$948.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	−0.072%	$127.5M	$863.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−0.105%	$564K	$33K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5191	long leg	$144K	$715K	20x
Bulk XRP-USD	+0.0100%	1h	1.5189	−0.013%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5185	−0.039%	$378.0M	$163.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5189	−0.013%	$310.9M	$931.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5188	−0.022%	$106.7M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5178	−0.086%	$269.1M	$388.6M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5187	−0.026%	—	$107.9M	—
Variational Omni XRP	+0.0100%	8h	1.5167	−0.155%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.200%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5176	−0.099%	$1.1M	$33.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.197%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5184	−0.048%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5183	−0.053%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5184	−0.045%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5182	−0.059%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5164	−0.179%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	−0.042%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5183	−0.053%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	−0.001%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5189	−0.013%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	−0.015%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5176	−0.099%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5187	−0.026%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5181	−0.067%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5184	−0.049%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0148%	1h	1.5200	+0.059%	$290.1M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5192	+0.007%	$1.8M	$33.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5188	−0.020%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5199	+0.053%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5173	−0.118%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5178	−0.088%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5190	−0.006%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.072%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5180	−0.070%	$2K	$16K	10x	as long as short