Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.023%

Price spread now: Binance against Coinbase International−0.033%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.033%, 7d avg −0.025%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5543	0.0216	pay 0.0027% / 1h	36m 16s	$5.8M	$46.7M	50x
Short	Binance XRPUSDT	1.5538	0.0100	get 0.0100% / 8h	1h 36m	$560.9M	$1.95B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.033%Rate

Funding earned: −$24.36
Price spread: −0.033% → −0.025%: −$0.86
Slippage, 4 orders: −$6.57
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.79
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 8 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 Coinbase International live order book, 3 min ago	0.64 bp	8.1 bp −$8	9.9 bp −$99	25.7 bp −$2,566	doesn't fit
Sell Binance live order book, 8 min ago	0.32 bp	5.3 bp −$5	6.0 bp −$60	13.2 bp −$1,316	26.8 bp −$13.4K

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	1.5603	+0.386%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5557	+0.093%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	+0.019%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	+0.080%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.628%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.100%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	+0.039%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0132%	1h	1.5554	+0.074%	$916K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5541	−0.010%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5542	−0.006%	$455K	$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	1.5558	+0.100%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5550	+0.043%	$39.5M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5565	+0.139%	$672K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5538	−0.033%	$560.9M	$1.95B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5538	−0.032%	$348.8M	$881.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5537	−0.039%	$127.1M	$870.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+0.116%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5570	+0.174%	$119K	$731K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.901%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5553	+0.064%	$373.6M	$138.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5554	+0.071%	$293.3M	$838.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5555	+0.075%	$114.5M	$157.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5543	0.000%	$270.4M	$358.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5556	+0.084%	—	$116.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.944%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	+0.646%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.702%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.656%	$1.0M	$880K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5564	+0.135%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	+0.032%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	+0.065%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	+0.120%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.026%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.112%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.039%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	+0.169%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5564	+0.135%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	+0.116%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5546	+0.019%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	+0.026%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.423%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5567	+0.154%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5557	+0.088%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5543	long leg	$5.8M	$46.7M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.418%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0298%	1h	1.5609	+0.425%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.225%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+1.203%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5573	+0.194%	$508K	$615K	10x	as long as short
Hyperliquid XRP	+0.0605%	1h	1.5573	+0.193%	$290.5M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	+0.601%	$1K	$11K	10x	as long as short