Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Binance against edgeX+0.236%60s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.216% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.196%−$20 · spread now +0.236%, 7d avg +0.032%

Together, before fees−0.126%+ Points / potential airdropedgeX: Active · farm board−$13 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 0.204% dearer against edgeX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5161	0.0100	pay 0.0050% / 4h	3h 58m	$658K	$113.3M	30x
Short	Binance XRPUSDT	1.5196	0.0100	get 0.0100% / 8h	7h 58m	$530.5M	$2.21B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.236%Rate

Funding earned: $0
Price spread: +0.236% → +0.032%: $20.37
Slippage, 4 orders: −$2.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1.26
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Binance: live order book, 16 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 edgeX live order book, 1 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.4 bp −$842	doesn't fit
Sell Binance live order book, 16 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	12.5 bp −$1,252	32.3 bp −$16.2K

XRP on 50 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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5170	+0.064%	$14.6M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5197	+0.240%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	+0.212%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5173	+0.080%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.634%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	+0.113%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5194	+0.218%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5196	+0.233%	$605K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5185	+0.164%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5199	+0.253%	$38.5M	$86.1M	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XRP	+0.0100%	1h	1.5195	+0.227%	$611K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5196	+0.236%	$530.5M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5184	+0.154%	$352.7M	$949.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	+0.181%	$127.5M	$863.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.095%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5204	+0.286%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.190%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5200	+0.260%	$378.4M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5198	+0.247%	$311.5M	$909.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5197	+0.237%	$106.6M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5195	+0.227%	$269.5M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5193	+0.214%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	+0.045%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5161	long leg	$658K	$113.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	+0.115%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	+0.003%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.193%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	+0.075%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	+0.091%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5173	+0.082%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5172	+0.078%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5175	+0.092%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5172	+0.075%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5180	+0.130%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5174	+0.088%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.307%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5196	+0.234%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5203	+0.280%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	+0.062%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5173	+0.079%	$784K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5178	+0.115%	$7.7M	$24.0M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5178	+0.115%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5185	+0.161%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0200%	1h	1.5210	+0.326%	$290.3M	$268.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.101%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5169	+0.055%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0227%	1h	1.5184	+0.154%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5201	+0.269%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.128%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5176	+0.102%	$2K	$16K	10x	as long as short