Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Derive−0.031%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 Derive Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.031%, 7d avg +0.002%

Together, before fees+0.057%+$6 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: Binance is 0.033% cheaper against Derive than usual: you would sell low and buy high, −$3 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	Derive XRP-PERP	1.5137	0.0100	pay 0.0013% / 1h	11m 23s	$814K	$72K	10x
Short	Binance XRPUSDT	1.5132	0.0100	get 0.0100% / 8h	3h 11m	$533.4M	$2.16B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Derive. 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 DerivebpFee BinancebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → +0.002%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Binance: live order book, 3 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 Derive no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.33 bp	6.0 bp −$6	7.2 bp −$72	12.6 bp −$1,257	28.2 bp −$14.1K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5135	−0.011%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5132	−0.029%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5131	−0.037%	$258K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5134	−0.017%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.797%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	−0.039%	$794K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5143	+0.042%	$7.7M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5141	+0.027%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5142	+0.035%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5128	−0.057%	$9K	$351K	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	1.5130	−0.041%	$962K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5131	−0.040%	$38.9M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5138	+0.012%	$607K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5132	−0.031%	$533.4M	$2.16B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5136	−0.004%	$344.2M	$945.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5137	+0.002%	$125.4M	$883.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5148	+0.075%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5140	+0.022%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.011%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5132	−0.031%	$371.6M	$157.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5131	−0.037%	$297.0M	$907.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5133	−0.023%	$108.9M	$178.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5137	+0.002%	$268.7M	$390.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5133	−0.024%	—	$127.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.094%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5144	+0.048%	$658K	$110.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	+0.005%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	+0.088%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5132	−0.031%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5131	−0.037%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5130	−0.041%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5134	−0.018%	$62K	$934K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5137	long leg	$814K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5135	−0.008%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	+0.016%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	+0.033%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5136	−0.004%	$53.9M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5135	−0.010%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5133	−0.023%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	+0.002%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5139	+0.016%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5136	−0.004%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0215%	8h	1.5147	+0.068%	$1.9M	$35.3M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5129	−0.049%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5144	+0.049%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0244%	1h	1.5145	+0.055%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5137	+0.001%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5139	+0.016%	$515K	$776K	10x	as long as short
Hyperliquid XRP	+0.0398%	1h	1.5143	+0.042%	$297.0M	$252.1M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.022%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0654%	1h	1.5153	+0.109%	$2K	$15K	10x	as long as short