Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0427%/8h= +46.8% APRpaid last 24h +0.101%
Price spread now: RISEx against BingX+0.187%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$250.255% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.286%+$29 on $10k
Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.187%, 7d avg +0.047%
Together, before fees+0.068%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.140% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XRP-USDT1.55450.0100pay 0.0100% / 8h1h 20m$118.5M
ShortRISEx XRP/USDC1.55740.0527get 0.0066% / 1h20m 16s$510K$630K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$89.69
Price spread: +0.187% → +0.047%
$14.01
Slippage, 4 orders
−$9.46
Fee BingX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$78.25
Costs to cover
0.255%
Break-even
0.9 days
Slippage from BingX: live order book, 9 min ago; RISEx: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago1.29 bp6.3 bp −$66.7 bp −$678.7 bp −$87016.1 bp −$8,066
Sell RISEx live order book, 63 min ago3.44 bp6.4 bp −$614.4 bp −$144doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5577+0.206%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5569+0.152%$1.1M$113K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5535−0.064%$9.5M$25.3M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.55450.000%$260K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+0.096%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5538−0.047%$15.4M$68.7M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0119%1h1.5544−0.009%$1.1M200xas long as short
Orderly PERP_XRP_USDC+0.0054%8h1.5534−0.071%$78K$949K50xas long as short
Lighter XRP+0.0096%1h1.5546+0.005%$3.0M$12.3M20xas long as short
Lighter RH XRP+0.0096%1h1.55450.000%$440K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5554+0.055%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5546+0.006%$39.4M$78.6M100xas long as short
Pacifica XRP+0.0100%1h1.5573+0.180%$641K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.55450.000%$559.1M$1.98B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5546+0.006%$347.5M$900.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5546+0.006%$127.4M$880.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5556+0.071%$580K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5572+0.174%$119K$742K20xas long as short
Bulk XRP-USD+0.0100%1h1.5567+0.139%$1.7M$578K20xas long as short
Gate XRP_USDT+0.0100%8h1.5544−0.006%$373.8M$140.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5549+0.026%$296.6M$857.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5553+0.049%$113.9M$159.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5534−0.071%$271.3M$363.9M125xas long as short
BingX XRP-USDTlong+0.0100%8h1.5545long leg$118.5M
Variational Omni XRP+0.0100%8h1.5549+0.023%$11.8M$30.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5544−0.004%$676K$101.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5571+0.167%$1.1M$41.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5557+0.077%$1.0M$883K50xas long as short
Vest XRP-PERP+0.0100%1h1.5556+0.074%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5557+0.077%$47K$447K20xas long as short
Bullet XRP-USD+0.0100%1h1.5544−0.006%$42K$66K20xas long as short
Derive XRP-PERP+0.0100%1h1.5535−0.066%$836K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5544−0.007%$130K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5537−0.051%$33K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5543−0.011%$51.0M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5543−0.013%$55.3M$29.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5571+0.164%$485K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5561+0.103%$11K$261K20xas long as short
Extended XRP-USD+0.0104%1h1.5534−0.068%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5534−0.071%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0176%1h1.5573+0.180%$8K$8K10xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.5566+0.133%$18K$82K7xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5549+0.023%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5544−0.006%$5.8M$47.4M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5570+0.161%$24.5M$74.0M125xas long as short
Backpack XRP_USDC_PERP+0.0296%1h1.5572+0.174%$1.8M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0322%8h1.5569+0.154%$1.9M$33.0M2.9xas long as short
Phoenix XRP+0.0516%1h1.5560+0.096%$69K$90K15xas long as short
RISEx XRP/USDCshort+0.0527%1h1.5574+0.187%$510K$630K10x
Hyperliquid XRP+0.0596%1h1.5569+0.156%$291.7M$202.9M20xas long as short
Aftermath Perps XRPUSD+0.0745%1h1.5559+0.088%$1K$11K10xas long as short