Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against BingX−0.062%106s7-day average +0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$2862.861% of the position

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.062%, 7d avg +0.010%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.071% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5213	0.0100	pay 0.0100% / 8h	7h 52m	—	$4.2M	—
Short	gTrade (Gains Network) XRP/USD	1.5204	L +0.0003% / S −0.0004%	get 0.0000% / 1h	52m 32s	$247K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.062%Rate

Funding earned: −$20.18
Price spread: −0.062% → +0.010%: −$7.13
Slippage, 4 orders: −$266.1
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$313.41
Costs to cover: 2.861%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; gTrade (Gains Network): virtual book (oracle venue), 46 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, 13 min ago	0.33 bp	8.3 bp −$8	11.4 bp −$114	25.6 bp −$2,558	87.7 bp −$43.8K
Sell gTrade (Gains Network) virtual book (oracle venue), 46 min ago	130.05 bp	135.1 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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
Phemex XRPUSDT	−0.0267%	8h	1.5218	+0.033%	$54.3M	$32.6M	50x	as long as short
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5228	+0.100%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5206	−0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5217	+0.027%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.085%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5204	−0.062%	$247K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5224	+0.072%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.281%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5220	+0.048%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5213	+0.002%	$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	1.5218	+0.033%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5217	+0.026%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5221	+0.056%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5222	+0.060%	$38.6M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5215	+0.014%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5222	+0.059%	$531.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	+0.039%	$353.2M	$949.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5222	+0.059%	$126.9M	$862.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	−0.066%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5225	+0.079%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.154%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5220	+0.046%	$379.5M	$151.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5221	+0.053%	$313.1M	$911.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5221	+0.053%	$106.6M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5220	+0.046%	$269.9M	$387.1M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5213	long leg	—	$4.2M	—
Variational Omni XRP	+0.0100%	8h	1.5181	−0.210%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.306%	$660K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5217	+0.025%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5166	−0.309%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	+0.078%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5223	+0.066%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5217	+0.026%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5223	+0.066%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.043%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	+0.087%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5221	+0.053%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5224	+0.070%	$49.7M	$15.3M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5217	+0.027%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5217	+0.024%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5220	+0.049%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0076%	1h	1.5220	+0.043%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5229	+0.105%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5226	+0.085%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0165%	8h	1.5227	+0.092%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0214%	1h	1.5233	+0.131%	$290.9M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5218	+0.033%	$23.9M	$77.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5217	+0.028%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0278%	1h	1.5233	+0.131%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5227	+0.093%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0541%	1h	1.5198	−0.099%	$2K	$16K	10x	as long as short