Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: edgeX against Binance+0.061%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.061%, 7d avg −0.035%

Together, before fees−0.147%+ Points / potential airdropedgeX: Active · farm board−$15 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: edgeX is 0.096% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5337	0.0100	pay 0.0100% / 8h	7h 58m	$541.3M	$2.07B	100x
Short	edgeX XRPUSDC	1.5347	0.0100	get 0.0050% / 4h	3h 58m	$666K	$106.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.035%: $9.62
Slippage, 4 orders: −$2.61
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.99
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; edgeX: live order book, 5 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, 15 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.5 bp −$1,249	25.6 bp −$12.8K
Sell edgeX live order book, 5 min ago	0.98 bp	5.5 bp −$5	5.5 bp −$55	9.1 bp −$911	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	1.5368	+0.201%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	+0.167%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.084%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	+0.112%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5354	+0.109%	$842K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5363	+0.169%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.453%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5362	+0.162%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5362	+0.159%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5364	+0.175%	$513K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5347	+0.063%	$38.9M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5353	+0.104%	$634K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5337	long leg	$541.3M	$2.07B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5342	+0.032%	$339.8M	$933.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5347	+0.064%	$125.5M	$885.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.112%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5355	+0.117%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.027%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5340	+0.019%	$372.3M	$146.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5349	+0.077%	$300.1M	$888.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5360	+0.147%	$109.7M	$167.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5354	+0.110%	$268.9M	$378.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5340	+0.019%	—	$123.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	+0.061%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5347	+0.061%	$666K	$106.4M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.208%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.097%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	+0.147%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.175%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5357	+0.133%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.173%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	+0.180%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	+0.143%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	+0.126%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5350	+0.084%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5361	+0.153%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5344	+0.042%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.159%	$72K	$2K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.146%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	+0.090%	$24.0M	$75.0M	125x	as long as short
01 Exchange XRPUSD	+0.0224%	1h	1.5360	+0.149%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5366	+0.188%	$5.8M	$47.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0230%	1h	1.5350	+0.084%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	+0.162%	$14.9M	$70.3M	50x	as long as short
Nado XRP-PERP	+0.0287%	1h	1.5360	+0.152%	$1.0M	$5.6M	20x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.193%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5367	+0.195%	$2.2M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5359	+0.143%	$290.9M	$216.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0773%	1h	1.5350	+0.087%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5360	+0.151%	$512K	$753K	10x	as long as short