Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.013%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.013%, 7d avg −0.042%

Together, before fees+0.017%+$2 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: BingX is 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5370	0.0100	pay 0.0100% / 8h	0m 44s	$340.5M	$932.5M	100x
Short	BingX XRP-USDC	1.5368	0.0100	get 0.0100% / 8h	0m 44s	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.042%: $2.86
Slippage, 4 orders: −$7.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.04
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; BingX: live order book, 9 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 Bybit live order book, 8 min ago	0.33 bp	5.8 bp −$6	7.1 bp −$71	12.5 bp −$1,247	24.0 bp −$12.0K
Sell BingX live order book, 9 min ago	0.65 bp	8.0 bp −$8	11.8 bp −$118	24.7 bp −$2,466	69.5 bp −$34.7K

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	1.5350	−0.130%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5343	−0.173%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.130%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5355	−0.096%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5354	−0.104%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5373	+0.018%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5365	−0.033%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5376	+0.039%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.236%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5369	−0.005%	$2.9M	$13.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5372	+0.013%	$514K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5347	−0.153%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5369	−0.003%	$38.9M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5350	−0.129%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5367	−0.019%	$542.3M	$2.07B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5370	long leg	$340.5M	$932.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5369	−0.007%	$125.8M	$886.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.325%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5348	−0.143%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.240%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5369	−0.007%	$372.6M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5367	−0.020%	$303.7M	$901.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5369	−0.004%	$109.5M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5370	0.000%	$268.8M	$378.0M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5368	−0.013%	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5346	−0.153%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5324	−0.302%	$665K	$106.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.330%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5328	−0.273%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.143%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5356	−0.091%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5356	−0.093%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5369	−0.009%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.005%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5373	+0.020%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5366	−0.029%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.013%	$54.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5348	−0.144%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	−0.169%	$12K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5366	−0.027%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5363	−0.045%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5347	−0.150%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5353	−0.114%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5374	+0.026%	$24.1M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5384	+0.091%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5381	+0.072%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5341	−0.190%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5384	+0.091%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0553%	1h	1.5385	+0.098%	$291.4M	$216.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5352	−0.117%	$525K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0781%	1h	1.5335	−0.230%	$1K	$11K	10x	as long as short