Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against Binance+0.006%7-day average −0.001% · you sell dearer than you buy

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

Long on Binance Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.006%, 7d avg −0.001%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5160	0.0100	pay 0.0100% / 8h	4h 00m	$533.2M	$2.12B	100x
Short	Derive XRP-PERP	1.5161	0.0100	get 0.0013% / 1h	0m 25s	$816K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.001%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$15.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Derive: 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	7.1 bp −$71	12.2 bp −$1,217	23.2 bp −$11.6K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5142	−0.119%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5152	−0.054%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	−0.016%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.066%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5157	−0.018%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5157	−0.020%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.639%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0047% / S +0.0019%	1h	1.5156	−0.026%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0095%	8h	1.5159	−0.007%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5166	+0.041%	$2.8M	$14.6M	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	1.5164	+0.026%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5152	−0.053%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	+0.023%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5171	+0.073%	$280.8M	$227.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5162	+0.011%	$38.3M	$83.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5164	+0.023%	$608K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5160	long leg	$533.2M	$2.12B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5161	+0.007%	$346.5M	$937.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5163	+0.020%	$127.0M	$877.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5120	−0.264%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5163	+0.020%	$117K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.303%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5158	−0.013%	$369.6M	$155.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	−0.007%	$293.2M	$904.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5162	+0.015%	$108.0M	$175.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5158	−0.013%	$268.3M	$385.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5161	+0.007%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	−0.041%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.179%	$657K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5140	−0.131%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	−0.112%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5159	−0.008%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	+0.013%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5158	−0.012%	$41K	$67K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5161	+0.006%	$816K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5161	+0.009%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5154	−0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5151	−0.057%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5163	+0.020%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5161	+0.007%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5156	−0.024%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5158	−0.011%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5163	+0.020%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5161	+0.007%	$5.6M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0194%	1h	1.5167	+0.046%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5157	−0.017%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5159	−0.005%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	−0.053%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5138	−0.145%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5165	+0.031%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5144	−0.104%	$2K	$15K	10x	as long as short