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 0.000%

Price spread now: Variational Omni against BingX−0.266%7-day average −0.002% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.251%+$25 · spread now −0.266%, 7d avg −0.002%

Together, before fees+0.251%+ Points / potential airdropVariational Omni: Active · farm board+$25 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: Variational Omni is 0.264% cheaper against BingX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5230	0.0100	pay 0.0100% / 8h	47m 05s	—	$107.5M	—
Short	Variational Omni XRP	1.5190	0.0100	get 0.0100% / 8h	47m 05s	$4.9M	$38.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.266%Rate

Funding earned: $0
Price spread: −0.266% → −0.002%: −$26.36
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 7 min ago	0.99 bp	6.0 bp −$6	6.2 bp −$62	7.7 bp −$766	13.7 bp −$6,843
Sell Variational Omni RFQ quote, 2 min ago	2.04 bp	doesn't fit	2.0 bp −$20	15.1 bp −$1,506	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	1.5232	+0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5231	+0.010%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5233	+0.022%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5233	+0.020%	$7.8M	$24.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.167%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5224	−0.039%	$14.5M	$73.7M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5230	0.000%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5232	+0.013%	$605K	$3.2M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0098% / S −0.0056%	1h	1.5233	+0.018%	$786K	—	200x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5231	+0.007%	$10K	$372K	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	1.5223	−0.046%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5231	+0.007%	$38.7M	$87.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5234	+0.028%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5230	0.000%	$533.2M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5228	−0.013%	$350.4M	$958.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5229	−0.007%	$127.9M	$881.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.263%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5243	+0.085%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.259%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5231	+0.007%	$379.5M	$159.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5231	+0.007%	$315.4M	$918.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5230	+0.002%	$107.3M	$184.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5225	−0.033%	$269.2M	$393.3M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5230	long leg	—	$107.5M	—
Variational Omni XRPshort	+0.0100%	8h	1.5190	−0.266%	$4.9M	$38.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5208	−0.145%	$661K	$113.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5188	−0.274%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5214	−0.105%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5240	+0.068%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5241	+0.072%	$50K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5233	+0.020%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5232	+0.013%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5233	+0.023%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5244	+0.089%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.033%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5233	+0.022%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5234	+0.026%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5239	+0.060%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5225	−0.033%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5230	−0.001%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5238	+0.052%	$17K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5243	+0.085%	$9K	$2K	10x	as long as short
Hyperliquid XRP	+0.0166%	1h	1.5244	+0.092%	$290.4M	$267.5M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5235	+0.033%	$5.6M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0180%	1h	1.5240	+0.066%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0208%	8h	1.5240	+0.066%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5235	+0.033%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5230	0.000%	$23.8M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5242	+0.079%	$530K	$803K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5200	−0.197%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0662%	1h	1.5219	−0.071%	$2K	$16K	10x	as long as short