Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against BingX+0.053%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on BingX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.053%, 7d avg −0.011%

Together, before fees−0.110%+ Points / potential airdropLighter RH: Points live · farm board−$11 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: Lighter RH is 0.064% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5229	0.0100	pay 0.0100% / 8h	3h 52m	—	$127.4M	—
Short	Lighter RH XRP	1.5237	0.0096	get 0.0012% / 1h	52m 21s	$500K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$0.84
Price spread: +0.053% → −0.011%: $6.39
Slippage, 4 orders: −$6.12
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.57
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Lighter RH: 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	0.99 bp	6.6 bp −$7	7.5 bp −$75	10.0 bp −$999	17.4 bp −$8,680
Sell Lighter RH live order book, 6 min ago	1.32 bp	1.3 bp −$1	5.1 bp −$51	37.7 bp −$3,774	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	1.5209	−0.131%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	−0.030%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.022%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	−0.020%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	−0.064%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.173%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0017%	1h	1.5224	−0.036%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5222	−0.043%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5237	+0.053%	$500K	$3.3M	20x
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5229	0.000%	$62K	$934K	50x	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	+0.0098%	8h	1.5238	+0.059%	$12K	$338K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5243	+0.091%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5236	+0.046%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	+0.004%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5228	−0.009%	$535.2M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5237	+0.053%	$348.8M	$940.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5228	−0.007%	$127.7M	$886.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.361%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5245	+0.105%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.315%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5229	0.000%	$372.4M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5229	0.000%	$291.7M	$896.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5233	+0.026%	$109.0M	$176.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5224	−0.033%	$269.5M	$387.9M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5229	long leg	—	$127.4M	—
Variational Omni XRP	+0.0100%	8h	1.5139	−0.592%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.411%	$659K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.597%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	−0.295%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	−0.029%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5232	+0.020%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5227	−0.013%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5228	−0.010%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	+0.012%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.026%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5233	+0.030%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.020%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5228	−0.009%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5222	−0.044%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5224	−0.034%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5248	+0.125%	$9K	$8K	10x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5245	+0.105%	$286.0M	$230.6M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	−0.026%	$5.6M	$47.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5232	+0.021%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.190%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5206	−0.149%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5221	−0.053%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	+0.013%	$2.0M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5246	+0.111%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.453%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5172	−0.375%	$2K	$15K	10x	as long as short