Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0728%/8h= +79.7% APRpaid last 24h +0.109%

Price spread now: RISEx against Binance−0.048%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.306%+$31 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.048%, 7d avg +0.049%

Together, before fees+0.419%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.097% cheaper against Binance than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.049%). If the spread goes back, that is −$10 on $10k: about 11 hours of funding at the current rate (+$22 a day). At the pace of the last 3 days (+0.306% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5307	0.0100	pay 0.0100% / 8h	7h 32m	$539.0M	$2.06B	100x
Short	RISEx XRP/USDC	1.5299	0.0828	get 0.0103% / 1h	32m 46s	$505K	$754K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.048%Rate

Funding earned: $152.84
Price spread: −0.048% → +0.049%: −$9.73
Slippage, 4 orders: −$3.39
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $123.71
Costs to cover: 0.194%
Break-even: 1.3 days

Slippage from Binance: live order book, 11 min ago; RISEx: live order book, 41 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, 11 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	12.7 bp −$1,269	28.8 bp −$14.4K
Sell RISEx live order book, 41 min ago	1.37 bp	4.4 bp −$4	9.0 bp −$90	doesn't fit	doesn't fit

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	1.5327	+0.133%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5303	−0.021%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5310	+0.022%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0081%	1h	1.5307	+0.004%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.656%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5313	+0.042%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5316	+0.061%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5307	+0.001%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5310	+0.022%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5293	−0.089%	$10K	$277K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5300	−0.045%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	+0.117%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5313	+0.042%	$38.7M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5306	−0.004%	$619K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5307	long leg	$539.0M	$2.06B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5302	−0.030%	$340.9M	$920.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5299	−0.050%	$124.7M	$867.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	+0.061%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5302	−0.030%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.070%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5295	−0.076%	$373.1M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5303	−0.023%	$307.8M	$902.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5302	−0.030%	$108.6M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5294	−0.082%	$267.6M	$374.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5296	−0.069%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.141%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.045%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	+0.103%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.173%	$1.0M	$892K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5324	+0.114%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5312	+0.035%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5315	+0.057%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5326	+0.126%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5315	+0.055%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	+0.078%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5313	+0.042%	$54.5M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5319	+0.081%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5291	−0.099%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5308	+0.009%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5313	+0.044%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5318	+0.077%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5317	+0.068%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5319	+0.081%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5314	+0.048%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0284%	1h	1.5322	+0.101%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5327	+0.133%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5328	+0.137%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0401%	1h	1.5318	+0.077%	$289.3M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.153%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5328	+0.138%	$2K	$12K	10x	as long as short
RISEx XRP/USDCshort	+0.0828%	1h	1.5299	−0.048%	$505K	$754K	10x