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 −0.020%

Price spread now: GRVT against BingX−0.492%114s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.509%+$51 · spread now −0.492%, 7d avg +0.017%

Together, before fees+0.534%+ Points / potential airdropGRVT: Active · farm board+$53 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: GRVT is 0.509% cheaper against BingX than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 114 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-USDT	1.5687	0.0100	pay 0.0100% / 8h	53m 42s	—	$120.1M	—
Short	GRVT XRP_USDT_Perp	1.5610	0.0100	get 0.0100% / 8h	53m 42s	$1.1M	$41.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.492%Rate

Funding earned: $0
Price spread: −0.492% → +0.017%: −$50.93
Slippage, 4 orders: −$2.85
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$72.78
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; GRVT: live order book, 5 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, 10 min ago	0.96 bp	6.0 bp −$6	6.0 bp −$60	7.5 bp −$753	13.8 bp −$6,883
Sell GRVT live order book, 5 min ago	0.32 bp	4.8 bp −$5	10.8 bp −$108	67.3 bp −$6,730	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5674	−0.083%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5680	−0.042%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5664	−0.147%	$9.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5655	−0.203%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0109%	1h	1.5654	−0.209%	$862K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5660	−0.174%	$15.7M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5661	−0.166%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.618%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.810%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5671	−0.105%	$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	1.5672	−0.096%	$447K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5667	−0.127%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5669	−0.115%	$39.8M	$79.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5680	−0.047%	$646K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5680	−0.045%	$562.5M	$2.00B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5688	+0.006%	$349.6M	$910.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5686	−0.006%	$128.5M	$894.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.599%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5691	+0.025%	$119K	$748K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5686	−0.006%	$375.6M	$142.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5687	0.000%	$306.8M	$859.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5668	−0.124%	$114.4M	$162.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5687	0.000%	$274.0M	$368.8M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5687	long leg	—	$120.1M	—
Variational Omni XRP	+0.0100%	8h	1.5607	−0.507%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5584	−0.654%	$677K	$102.6M	30x	as long as short
GRVT XRP_USDT_Perpshort	+0.0100%	8h	1.5610	−0.492%	$1.1M	$41.0M	20x
Vest XRP-PERP	+0.0100%	1h	1.5661	−0.168%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5672	−0.096%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5657	−0.191%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5665	−0.140%	$843K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5670	−0.108%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5658	−0.185%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5656	−0.196%	$51.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5659	−0.178%	$55.8M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.800%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5672	−0.094%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5687	0.000%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5685	−0.011%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5663	−0.153%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5681	−0.038%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5664	−0.149%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5649	−0.242%	$24.5M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5669	−0.115%	$6.0M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5652	−0.221%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5676	−0.070%	$2.0M	$33.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0427%	1h	1.5664	−0.147%	$1.7M	$1.0M	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	−0.555%	$69K	$90K	15x	as long as short
Hyperliquid XRP	+0.0607%	1h	1.5687	0.000%	$296.6M	$206.2M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5701	+0.092%	$512K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0765%	1h	1.5600	−0.556%	$1K	$11K	10x	as long as short