Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX0.000%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.015%+$2 · spread now 0.000%, 7d avg +0.004%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5320	0.0100	pay 0.0100% / 8h	7h 17m	—	$123.7M	—
Short	Bitget XRPUSDT	1.5320	0.0100	get 0.0100% / 8h	7h 17m	$268.1M	$375.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.004%: −$0.42
Slippage, 4 orders: −$3.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.99
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 1 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 BingX live order book, 6 min ago	0.98 bp	6.2 bp −$6	7.1 bp −$71	9.4 bp −$941	18.6 bp −$9,293
Sell Bitget live order book, 1 min ago	0.33 bp	6.4 bp −$6	9.5 bp −$95	16.2 bp −$1,618	30.5 bp −$15.2K

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	1.5273	−0.307%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5263	−0.369%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5297	−0.149%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0016% / S +0.0076%	1h	1.5296	−0.156%	$838K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.567%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5307	−0.085%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5277	−0.281%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5311	−0.059%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5314	−0.041%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5319	−0.007%	$514K	$3.2M	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	1.5278	−0.274%	$10K	$280K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5267	−0.346%	$476K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5280	−0.261%	$997K	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5306	−0.094%	$38.7M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5272	−0.313%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5319	−0.007%	$541.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5316	−0.026%	$341.5M	$919.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5320	0.000%	$124.5M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5259	−0.398%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5277	−0.281%	$116K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.297%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5318	−0.013%	$373.7M	$150.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5316	−0.026%	$307.8M	$910.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5308	−0.078%	$110.2M	$166.4M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5320	0.000%	$268.1M	$375.2M	125x
BingX XRP-USDTlong	+0.0100%	8h	1.5320	long leg	—	$123.7M	—
Variational Omni XRP	+0.0100%	8h	1.5315	−0.033%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5316	−0.023%	$667K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5327	+0.046%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5312	−0.052%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5285	−0.229%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5292	−0.183%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5297	−0.147%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5312	−0.053%	$824K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5296	−0.158%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5309	−0.072%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5308	−0.080%	$50.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5320	0.000%	$54.5M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5312	−0.051%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5305	−0.100%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5285	−0.226%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5284	−0.235%	$24.0M	$73.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5323	+0.020%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5314	−0.036%	$14.5M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5328	+0.052%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5287	−0.215%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5321	+0.004%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0380%	1h	1.5333	+0.085%	$288.9M	$214.8M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.065%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0800%	1h	1.5321	+0.007%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5277	−0.279%	$540K	$773K	10x	as long as short