Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Binance−0.278%7-day average −0.055% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.278%, 7d avg −0.055%

Together, before fees+0.037%+ Points / potential airdropOndo Perps: Active · farm board+$4 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: Ondo Perps is 0.223% cheaper against Binance than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5154	0.0100	pay 0.0100% / 8h	5h 35m	$537.2M	$2.09B	100x
Short	Ondo Perps XRP-USD.P	1.5112	0.0100	get 0.0013% / 1h	35m 43s	$563K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.278%Rate

Funding earned: $0
Price spread: −0.278% → −0.055%: −$22.34
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$37.34
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Ondo Perps: 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, 8 min ago	0.33 bp	5.3 bp −$5	6.8 bp −$68	12.8 bp −$1,276	28.0 bp −$14.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5132	−0.146%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	−0.024%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	−0.021%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0045%	1h	1.5150	−0.028%	$817K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.678%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	−0.074%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5153	−0.008%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5158	+0.025%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5151	−0.023%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5150	−0.027%	$512K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5135	−0.126%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	−0.050%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5158	+0.025%	$280.7M	$220.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5158	+0.027%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	−0.016%	$608K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5154	long leg	$537.2M	$2.09B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5154	−0.001%	$343.8M	$925.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5157	+0.019%	$125.6M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5112	−0.278%	$563K	$28K	5x
Arcus XRP-USD	+0.0100%	1h	1.5157	+0.019%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	−0.123%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	−0.008%	$369.6M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5157	+0.019%	$293.9M	$896.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	−0.039%	$106.7M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5155	+0.006%	$266.7M	$380.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5153	−0.008%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	−0.024%	$5.7M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.207%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−0.229%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.225%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5140	−0.095%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	−0.034%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	−0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	+0.019%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	−0.063%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	+0.019%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	−0.114%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	+0.019%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5155	+0.006%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5152	−0.016%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5153	−0.008%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0201%	1h	1.5165	+0.072%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5144	−0.067%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5160	+0.039%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.100%	$24.2M	$74.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5154	−0.003%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5131	−0.150%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5142	−0.080%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5148	−0.041%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.159%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0706%	1h	1.5133	−0.139%	$2K	$14K	10x	as long as short