Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against Binance−0.026%7-day average — · you buy dearer than you sell

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

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5225	0.0100	pay 0.0100% / 8h	7h 53m	$531.1M	$2.21B	100x
Short	01 Exchange XRPUSD	1.5221	0.0120	get 0.0015% / 1h	53m 17s	$9K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.026%Rate

Funding earned: $4.2
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$15.43
Costs to cover: 0.170%
Break-even: 32.7 days

Slippage unknown: Binance: live order book, 6 min ago; 01 Exchange: 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, 6 min ago	0.33 bp	5.3 bp −$5	6.5 bp −$65	13.2 bp −$1,321	27.5 bp −$13.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phemex XRPUSDT	−0.0267%	8h	1.5218	−0.046%	$54.3M	$32.6M	50x	as long as short
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5228	+0.021%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5206	−0.125%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5208	−0.112%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.164%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	−0.141%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5224	−0.007%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.200%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5171	−0.352%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5221	−0.024%	$2.8M	$14.5M	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	1.5226	+0.007%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5217	−0.053%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5219	−0.036%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5223	−0.016%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5213	−0.080%	$612K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5225	long leg	$531.1M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5218	−0.046%	$353.2M	$949.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5220	−0.033%	$126.9M	$863.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	−0.144%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5224	−0.007%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.233%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5222	−0.020%	$379.6M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5222	−0.020%	$313.4M	$911.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5224	−0.010%	$106.7M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5220	−0.033%	$269.9M	$387.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5221	−0.026%	—	$108.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−0.289%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.385%	$660K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5217	−0.054%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5166	−0.388%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5222	−0.018%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5222	−0.020%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5223	−0.016%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5223	−0.013%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.122%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	+0.009%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5221	−0.026%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5224	−0.009%	$49.7M	$15.3M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5220	−0.030%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5217	−0.051%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5220	−0.030%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0076%	1h	1.5220	−0.035%	$789K	—	200x	as long as short
01 Exchange XRPUSDshort	+0.0120%	1h	1.5221	−0.026%	$9K	$2K	10x
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5226	+0.007%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0165%	8h	1.5227	+0.013%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0214%	1h	1.5234	+0.059%	$290.9M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5218	−0.046%	$23.9M	$77.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5219	−0.038%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5215	−0.066%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5222	−0.022%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0551%	1h	1.5194	−0.205%	$2K	$16K	10x	as long as short