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 −0.005%

Price spread now: Derive against BingX−0.110%7-day average +0.014% · you buy dearer than you sell

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

Long on BingX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.110%, 7d avg +0.014%

Together, before fees+0.029%+$3 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: Derive is 0.124% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5671	0.0100	pay 0.0100% / 8h	54m 47s	—	$3.7M	—
Short	Derive XRP-PERP	1.5654	0.0100	get 0.0013% / 1h	54m 47s	$843K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.110%Rate

Funding earned: $0
Price spread: −0.110% → +0.014%: −$12.38
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$28.38
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; Derive: 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 BingX live order book, 5 min ago	0.64 bp	7.1 bp −$7	11.4 bp −$114	27.3 bp −$2,728	71.4 bp −$35.7K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5645	−0.166%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5672	+0.009%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5653	−0.115%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5650	−0.134%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0003% / S +0.0109%	1h	1.5646	−0.160%	$860K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5654	−0.111%	$15.7M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5650	−0.134%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.517%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.708%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5675	+0.024%	$3.0M	$12.5M	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	1.5675	+0.026%	$447K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5656	−0.093%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5674	+0.020%	$39.8M	$79.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5655	−0.101%	$645K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5673	+0.012%	$562.2M	$2.00B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5669	−0.013%	$349.5M	$909.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5668	−0.019%	$128.4M	$893.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.498%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5657	−0.089%	$119K	$748K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5672	+0.006%	$375.8M	$142.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5675	+0.026%	$307.0M	$857.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5672	+0.008%	$114.4M	$162.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5669	−0.013%	$273.6M	$368.5M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5671	long leg	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5607	−0.406%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5584	−0.552%	$677K	$102.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5610	−0.391%	$1.1M	$41.0M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5641	−0.190%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5659	−0.077%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5650	−0.134%	$42K	$66K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5654	−0.110%	$843K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5654	−0.108%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5650	−0.134%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5643	−0.175%	$51.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5655	−0.102%	$55.7M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.698%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5653	−0.114%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5659	−0.077%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5668	−0.021%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5651	−0.128%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5663	−0.051%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5648	−0.149%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5649	−0.140%	$24.5M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5659	−0.077%	$6.0M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5591	−0.511%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5661	−0.064%	$2.0M	$33.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0419%	1h	1.5663	−0.051%	$1.7M	$1.0M	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	−0.453%	$69K	$90K	15x	as long as short
Hyperliquid XRP	+0.0624%	1h	1.5692	+0.134%	$296.6M	$206.0M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5669	−0.013%	$511K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0770%	1h	1.5583	−0.564%	$1K	$11K	10x	as long as short