Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.020%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.020%, 7d avg −0.004%

Together, before fees+0.021%+$2 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: Bybit is 0.023% dearer against Binance than usual: you sell high and buy low, +$2 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	1.5289	0.0100	pay 0.0100% / 8h	5m 34s	$542.6M	$2.06B	100x
Short	Bybit XRPUSDT	1.5292	0.0100	get 0.0100% / 8h	5m 34s	$337.9M	$929.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.004%: $2.34
Slippage, 4 orders: −$1.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.49
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 4 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, 9 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.5 bp −$1,249	25.6 bp −$12.8K
Sell Bybit live order book, 4 min ago	0.33 bp	6.4 bp −$6	7.4 bp −$74	13.3 bp −$1,329	24.6 bp −$12.3K

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	1.5278	−0.072%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5261	−0.182%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.268%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5290	+0.009%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0091%	1h	1.5291	+0.012%	$838K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5304	+0.098%	$9.3M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5304	+0.095%	$14.9M	$69.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0060%	8h	1.5299	+0.065%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.773%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5268	−0.136%	$2.8M	$13.7M	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	1.5268	−0.137%	$510K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5292	+0.023%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5273	−0.102%	$38.7M	$82.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5272	−0.110%	$628K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5289	long leg	$542.6M	$2.06B	100x
Bybit XRPUSDTshort	+0.0100%	8h	1.5292	+0.020%	$337.9M	$929.7M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5292	+0.020%	$124.5M	$879.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5264	−0.164%	$570K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5290	+0.007%	$115K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	+0.288%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5274	−0.098%	$360.0M	$149.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5290	+0.007%	$294.3M	$897.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5290	+0.007%	$108.3M	$166.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5292	+0.020%	$267.0M	$377.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5285	−0.026%	—	$122.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5290	+0.009%	$8.2M	$33.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	+0.186%	$665K	$105.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5343	+0.353%	$1.1M	$40.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5301	+0.078%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5292	+0.019%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5292	+0.020%	$46K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5290	+0.004%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	+0.090%	$824K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5306	+0.112%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5301	+0.078%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5288	−0.004%	$50.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5308	+0.124%	$54.5M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5281	−0.052%	$476K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5284	−0.033%	$11K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5290	+0.003%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5298	+0.061%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5291	+0.013%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5292	+0.016%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5314	+0.164%	$24.1M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5309	+0.131%	$5.8M	$46.7M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5313	+0.157%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5294	+0.034%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5306	+0.111%	$2.0M	$34.6M	2.9x	as long as short
Hyperliquid XRP	+0.0559%	1h	1.5308	+0.124%	$290.2M	$215.5M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5295	+0.038%	$528K	$744K	10x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5324	+0.229%	$1K	$11K	10x	as long as short