Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Binance+0.248%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$4as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.248%, 7d avg −0.004%

Together, before fees−0.214%−$21 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: Arcus is 0.252% dearer against Binance than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5510	0.0100	pay 0.0100% / 8h	1h 34m	$558.5M	$1.95B	100x
Short	Arcus XRP-USD	1.5548	0.0100	get 0.0013% / 1h	34m 32s	$118K	$732K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.248%Rate

Funding earned: $0
Price spread: +0.248% → −0.004%: $25.19
Slippage, 4 orders: −$6.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $4.27
Costs to cover: 0.209%
Break-even: from the start

Slippage from Binance: live order book, 10 min ago; Arcus: live order book, 49 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 Binance live order book, 10 min ago	0.32 bp	5.3 bp −$5	7.1 bp −$71	13.9 bp −$1,391	31.5 bp −$15.8K
Sell Arcus live order book, 49 min ago	1.30 bp	5.0 bp −$5	16.5 bp −$165	43.7 bp −$4,367	doesn't fit

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	1.5561	+0.332%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5550	+0.263%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5577	+0.438%	$261K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0007%	1h	1.5574	+0.416%	$9.6M	$25.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.415%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5561	+0.332%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5577	+0.435%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0131%	1h	1.5576	+0.429%	$918K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5559	+0.318%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5558	+0.313%	$456K	$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	1.5496	−0.084%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5550	+0.261%	$39.5M	$77.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5556	+0.303%	$671K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5510	long leg	$558.5M	$1.95B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5500	−0.061%	$348.4M	$884.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5499	−0.068%	$127.5M	$869.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+0.332%	$580K	$41K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5548	+0.248%	$118K	$732K	20x
Bulk XRP-USD	+0.0100%	1h	1.5683	+1.119%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5554	+0.287%	$374.7M	$138.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5497	−0.081%	$289.4M	$840.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5556	+0.301%	$114.1M	$157.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5496	−0.087%	$269.6M	$358.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5560	+0.326%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.549%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.582%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+0.564%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.874%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5515	+0.034%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5500	−0.061%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5504	−0.035%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5578	+0.441%	$839K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5567	+0.368%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5564	+0.351%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5567	+0.372%	$51.1M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5561	+0.332%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5555	+0.292%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5534	+0.158%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5542	+0.209%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5574	+0.416%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5580	+0.457%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5528	+0.119%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5495	−0.094%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5576	+0.429%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5551	+0.268%	$24.5M	$73.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0282%	1h	1.5571	+0.396%	$1.8M	$978K	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5564	+0.351%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	+0.583%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5544	+0.222%	$509K	$621K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5516	+0.042%	$290.0M	$200.2M	20x	as long as short
Aftermath Perps XRPUSD	+0.0692%	1h	1.5621	+0.719%	$1K	$11K	10x	as long as short