Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Binance−0.038%58s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.038% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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	Binance XRPUSDT	1.5369	0.0100	pay 0.0100% / 8h	0m 24s	$542.4M	$2.07B	100x
Short	Aevo XRP-PERP	1.5363	0.0104	get 0.0013% / 1h	0m 24s	$72K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.038%Rate

Funding earned: $0.84
Price spread: −0.038% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.01
Costs to cover: 0.260%
Break-even: 248.7 days

Slippage unknown: Binance: live order book, 14 min ago; Aevo: 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 Binance live order book, 14 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.5 bp −$1,249	25.6 bp −$12.8K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	1.5372	+0.020%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5371	+0.015%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.124%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5367	−0.012%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5365	−0.023%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5373	+0.025%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5368	−0.007%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5376	+0.046%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.243%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5369	+0.002%	$2.9M	$13.8M	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	1.5372	+0.020%	$514K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5368	−0.006%	$1.1M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5368	−0.007%	$38.9M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5370	+0.007%	$632K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5369	long leg	$542.4M	$2.07B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5369	0.000%	$340.5M	$932.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5368	−0.007%	$125.8M	$886.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.319%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	−0.007%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.234%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5369	0.000%	$372.7M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5370	+0.007%	$302.8M	$901.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5371	+0.013%	$109.5M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5371	+0.013%	$268.9M	$377.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5366	−0.020%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.147%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5324	−0.296%	$665K	$106.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.323%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5328	−0.267%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5364	−0.032%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5372	+0.020%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5368	−0.006%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5369	−0.003%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.012%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5373	+0.026%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5366	−0.022%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.020%	$54.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	−0.011%	$479K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5366	−0.020%	$12K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5364	−0.036%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERPshort	+0.0104%	1h	1.5363	−0.038%	$72K	$40K	3x
01 Exchange XRPUSD	+0.0160%	1h	1.5368	−0.007%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5367	−0.016%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5374	+0.033%	$24.1M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5384	+0.098%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5381	+0.078%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5354	−0.098%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5384	+0.098%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0553%	1h	1.5386	+0.111%	$291.4M	$216.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5371	+0.013%	$526K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0775%	1h	1.5343	−0.171%	$1K	$11K	10x	as long as short