Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Orderly against BingX−0.013%7-day average −0.007% · you buy dearer than you sell

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.342%−$34 · spread now −0.013%, 7d avg −0.007%

Together, before fees−0.408%−$41 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5126	0.0100	pay 0.0100% / 8h	3h 10m	—	$127.9M	—
Short	Orderly PERP_XRP_USDC	1.5124	0.0100	get 0.0100% / 8h	3h 10m	$62K	$934K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.007%: −$0.62
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.62
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 14 min ago; Orderly: 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, 14 min ago	0.99 bp	6.0 bp −$6	6.0 bp −$60	7.8 bp −$782	14.1 bp −$7,071
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	1.5130	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5132	+0.041%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5124	−0.012%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5132	+0.040%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5127	+0.009%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.869%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5122	−0.024%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	+0.040%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5132	+0.040%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5127	+0.007%	$10K	$351K	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	1.5128	+0.010%	$962K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5123	−0.023%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5132	+0.038%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5126	0.000%	$533.2M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5125	−0.007%	$343.9M	$945.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5128	+0.013%	$125.3M	$883.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5148	+0.145%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	+0.053%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.082%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5125	−0.007%	$371.5M	$157.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5124	−0.013%	$296.8M	$908.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5130	+0.027%	$109.0M	$178.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5128	+0.013%	$268.6M	$390.6M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5126	long leg	—	$127.9M	—
Variational Omni XRP	+0.0100%	8h	1.5130	+0.024%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5144	+0.118%	$658K	$110.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	+0.075%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	+0.159%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	+0.008%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5126	0.000%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5122	−0.028%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDCshort	+0.0100%	8h	1.5124	−0.013%	$62K	$934K	50x
Derive XRP-PERP	+0.0100%	1h	1.5125	−0.004%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5130	+0.029%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5128	+0.013%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.003%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5129	+0.020%	$53.8M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	+0.028%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5124	−0.011%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5126	−0.002%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5134	+0.053%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5135	+0.060%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0197%	8h	1.5139	+0.086%	$1.9M	$35.3M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5123	−0.021%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5132	+0.040%	$24.3M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0242%	1h	1.5141	+0.099%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5137	+0.071%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5131	+0.034%	$515K	$775K	10x	as long as short
Hyperliquid XRP	+0.0395%	1h	1.5139	+0.086%	$296.5M	$252.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.093%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0656%	1h	1.5149	+0.149%	$2K	$15K	10x	as long as short