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% APRpaid last 24h +0.021%

Price spread now: BingX against edgeX+0.158%55s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as 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−$290.290% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days−0.161%−$16 · spread now +0.158%, 7d avg −0.012%

Together, before fees−0.028%+ Points / potential airdropedgeX: Active · farm board−$3 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 0.170% dearer against edgeX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 55 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	1.5054	0.0100	pay 0.0050% / 4h	2h 16m	$654K	$113.3M	30x
Short	BingX XRP-USDC	1.5078	0.0100	get 0.0100% / 8h	2h 16m	—	$4.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → −0.012%: $17.02
Slippage, 4 orders: −$9.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$11.96
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	1.33 bp	5.8 bp −$6	5.9 bp −$59	9.0 bp −$902	doesn't fit
Sell BingX live order book, 3 min ago	0.66 bp	9.5 bp −$10	12.0 bp −$120	28.1 bp −$2,810	86.0 bp −$43.0K

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	1.5073	+0.125%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5079	+0.167%	$14.2M	$74.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5078	+0.161%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	+0.238%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5078	+0.160%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.360%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0014%	1h	1.5077	+0.150%	$794K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5084	+0.198%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5085	+0.201%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5085	+0.204%	$545K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5080	+0.171%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	+0.188%	$976K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5081	+0.178%	$38.3M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5083	+0.190%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5081	+0.178%	$524.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5080	+0.171%	$344.1M	$964.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5080	+0.171%	$126.0M	$883.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5044	−0.068%	$561K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.231%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.184%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5079	+0.164%	$370.5M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5080	+0.171%	$287.6M	$923.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5080	+0.170%	$105.5M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5076	+0.145%	$264.7M	$397.7M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5078	+0.158%	—	$4.2M	—
Variational Omni XRP	+0.0100%	8h	1.5046	−0.056%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5054	long leg	$654K	$113.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	+0.191%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5092	+0.251%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5087	+0.216%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5084	+0.198%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5079	+0.165%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5080	+0.171%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5081	+0.175%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5089	+0.233%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5082	+0.184%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5083	+0.188%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5078	+0.158%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5090	+0.236%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5076	+0.142%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5080	+0.174%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0107%	1h	1.5095	+0.271%	$288.1M	$262.1M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5087	+0.218%	$7.7M	$25.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5090	+0.238%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0192%	1h	1.5088	+0.224%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5090	+0.238%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0193%	8h	1.5090	+0.238%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5077	+0.153%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5077	+0.151%	$23.1M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5088	+0.226%	$519K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5059	+0.029%	$2K	$16K	10x	as long as short