Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against BingX+0.053%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)+0.456%+$46 · spread now +0.053%, 7d avg +0.028%

Together, before fees+0.418%+$42 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: Polymarket Perps is 0.025% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5199	0.0100	pay 0.0100% / 8h	2h 31m	—	$113.0M	—
Short	Polymarket Perps XRP-USD	1.5207	0.0100	get 0.0013% / 1h	31m 34s	$50K	$474K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.028%: $2.47
Slippage, 4 orders: −$8.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.82
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Polymarket Perps: live order book, 55 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, 3 min ago	0.99 bp	6.0 bp −$6	6.0 bp −$60	7.8 bp −$777	18.4 bp −$9,190
Sell Polymarket Perps live order book, 55 min ago	2.31 bp	7.4 bp −$7	9.5 bp −$95	doesn't fit	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5207	+0.055%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5203	+0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	+0.025%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.138%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5209	+0.066%	$9.1M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5208	+0.061%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.599%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5202	+0.020%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5201	+0.015%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5203	+0.026%	$441K	$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	1.5202	+0.023%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5197	−0.013%	$38.6M	$71.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5201	+0.014%	$661K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5205	+0.039%	$543.9M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5206	+0.046%	$340.5M	$833.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5202	+0.020%	$122.5M	$824.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5192	−0.046%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	+0.039%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.014%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5197	−0.013%	$354.9M	$129.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5196	−0.020%	$290.3M	$802.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	+0.001%	$112.1M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5204	+0.033%	$264.6M	$338.3M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5199	long leg	—	$113.0M	—
Variational Omni XRP	+0.0100%	8h	1.5254	+0.362%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5218	+0.122%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.349%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	+0.046%	$1.0M	$848K	50x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5207	+0.053%	$50K	$474K	20x
Bullet XRP-USD	+0.0100%	1h	1.5207	+0.053%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	+0.031%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5203	+0.026%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	+0.026%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5196	−0.016%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	+0.046%	$54.4M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	+0.008%	$474K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	+0.030%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5211	+0.079%	$11K	$245K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5196	−0.022%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5206	+0.045%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0121%	1h	1.5213	+0.092%	$1.7M	$919K	25x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5209	+0.066%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5203	+0.026%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5216	+0.112%	$5.4M	$43.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5203	+0.027%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5218	+0.125%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	+0.046%	$23.7M	$66.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5209	+0.064%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5209	+0.065%	$403K	$496K	10x	as long as short
Hyperliquid XRP	+0.0443%	1h	1.5219	+0.132%	$278.7M	$180.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5235	+0.234%	$1K	$10K	10x	as long as short