Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.027%

Price spread now: Coinbase International against Binance+0.132%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.132%, 7d avg +0.027%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.105% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5179	0.0100	pay 0.0100% / 8h	6h 24m	$538.4M	$2.10B	100x
Short	Coinbase International XRP-PERP-INTX	1.5199	0.0216	get 0.0027% / 1h	24m 44s	$5.7M	$46.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.132%Rate

Funding earned: $24.36
Price spread: +0.132% → +0.027%: $10.5
Slippage, 4 orders: −$6.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $8.31
Costs to cover: 0.265%
Break-even: 4.6 days

Slippage from Binance: live order book, 4 min ago; Coinbase International: 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, 4 min ago	0.33 bp	5.3 bp −$5	6.6 bp −$66	12.2 bp −$1,224	26.2 bp −$13.1K
Sell Coinbase International live order book, 4 min ago	0.33 bp	9.0 bp −$9	10.8 bp −$108	24.2 bp −$2,425	doesn't fit

XRP on 50 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	1.5195	+0.105%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5184	+0.036%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.204%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5199	+0.130%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	+0.121%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.510%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5193	+0.090%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5201	+0.145%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5199	+0.132%	$7.7M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5182	+0.020%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5182	+0.020%	$517K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5184	+0.033%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	+0.056%	$896K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5185	+0.036%	$38.7M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5180	+0.007%	$609K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5179	long leg	$538.4M	$2.10B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5165	−0.092%	$341.4M	$940.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5166	−0.086%	$124.7M	$872.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.033%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5198	+0.125%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.069%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5185	+0.039%	$369.4M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5164	−0.099%	$290.7M	$912.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	+0.039%	$107.3M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5182	+0.020%	$266.3M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5187	+0.053%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	+0.132%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.030%	$659K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5181	+0.014%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	0.000%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	+0.131%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.138%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	+0.146%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5199	+0.129%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5198	+0.126%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	+0.112%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5197	+0.118%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5195	+0.105%	$54.1M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5197	+0.118%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5178	−0.004%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	+0.119%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5195	+0.105%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5196	+0.114%	$1.3M	$7K	15x	as long as short
Hyperliquid XRP	+0.0215%	1h	1.5194	+0.099%	$281.2M	$221.5M	20x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0216%	1h	1.5199	+0.132%	$5.7M	$46.8M	50x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5203	+0.158%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0358%	8h	1.5199	+0.132%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0363%	1h	1.5196	+0.112%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5198	+0.126%	$535K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5174	−0.032%	$2K	$14K	10x	as long as short