Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against BingX−0.007%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.007%, 7d avg +0.044%

Together, before fees−0.013%−$1 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: Gate is 0.051% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5241	0.0100	pay 0.0100% / 8h	2h 38m	—	$3.7M	—
Short	Gate XRP_USDT	1.5240	0.0100	get 0.0100% / 8h	2h 38m	$355.6M	$129.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.044%: −$5.09
Slippage, 4 orders: −$12.55
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.64
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Gate: live order book, 6 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, 2 min ago	0.66 bp	8.4 bp −$8	11.8 bp −$118	29.1 bp −$2,913	66.1 bp −$33.1K
Sell Gate live order book, 6 min ago	0.33 bp	11.0 bp −$11	15.5 bp −$155	30.3 bp −$3,034	41.6 bp −$20.8K

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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5233	−0.053%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5194	−0.308%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5214	−0.176%	$1.1M	$100K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.190%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5236	−0.035%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5245	+0.026%	$9.2M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.322%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5237	−0.026%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5242	+0.005%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5243	+0.013%	$442K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5203	−0.249%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5241	−0.003%	$38.8M	$71.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5213	−0.187%	$662K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5248	+0.046%	$545.1M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5248	+0.046%	$341.9M	$834.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5246	+0.033%	$122.9M	$827.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5181	−0.394%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5216	−0.164%	$114K	$645K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.127%	$1.6M	$350K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5240	−0.007%	$355.6M	$129.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5240	−0.007%	$291.3M	$799.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5238	−0.018%	$112.6M	$146.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5248	+0.046%	$265.3M	$338.0M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5241	long leg	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5263	+0.142%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5261	+0.134%	$663K	$95.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	+0.036%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.151%	$1.0M	$842K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5210	−0.202%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5211	−0.197%	$53K	$463K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5225	−0.104%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5237	−0.027%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5245	+0.026%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5238	−0.020%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5232	−0.056%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5241	0.000%	$54.5M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5212	−0.187%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5219	−0.144%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5246	+0.032%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5240	−0.004%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0108%	1h	1.5253	+0.079%	$1.7M	$924K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5212	−0.190%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5238	−0.023%	$15.3M	$63.2M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5247	+0.039%	$5.3M	$43.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5212	−0.188%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0220%	8h	1.5211	−0.197%	$1.7M	$31.7M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5195	−0.302%	$23.7M	$65.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5256	+0.097%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5217	−0.155%	$403K	$498K	10x	as long as short
Hyperliquid XRP	+0.0444%	1h	1.5257	+0.105%	$279.8M	$179.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0514%	1h	1.5232	−0.060%	$1K	$10K	10x	as long as short