Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended−0.019%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.019%, 7d avg +0.037%

Together, before fees−0.056%+ Points / potential airdropExtended: Active · farm board−$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 0.056% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5546	0.0104	pay 0.0013% / 1h	36m 02s	$2.2M	$7.1M	50x
Short	Binance XRPUSDT	1.5543	0.0100	get 0.0100% / 8h	1h 36m	$561.1M	$1.95B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$0.84
Price spread: −0.019% → +0.037%: −$5.58
Slippage, 4 orders: −$1.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.98
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 3 min ago	0.32 bp	3.0 bp −$3	4.8 bp −$48	doesn't fit	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	+0.367%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5557	+0.074%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	0.000%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	+0.061%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.647%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.119%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	+0.019%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0132%	1h	1.5554	+0.055%	$916K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5541	−0.030%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5542	−0.026%	$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	+0.081%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5538	−0.052%	$39.5M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5565	+0.120%	$672K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5543	−0.019%	$561.1M	$1.95B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5543	−0.019%	$348.6M	$881.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5540	−0.038%	$127.1M	$870.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+0.097%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5570	+0.155%	$119K	$731K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.881%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5537	−0.058%	$373.2M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5538	−0.051%	$292.4M	$838.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5534	−0.076%	$114.3M	$157.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5535	−0.071%	$270.3M	$358.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5538	−0.051%	—	$116.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.924%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	+0.626%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.683%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.637%	$1.0M	$880K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5564	+0.116%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	+0.013%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	+0.046%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	+0.101%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.045%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.131%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.058%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	+0.150%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5564	+0.116%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	+0.097%	$12K	$249K	20x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5546	long leg	$2.2M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5547	+0.007%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.404%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5567	+0.135%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5557	+0.069%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.019%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.399%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	−0.019%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.206%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+1.184%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5573	+0.174%	$508K	$615K	10x	as long as short
Hyperliquid XRP	+0.0602%	1h	1.5556	+0.064%	$290.2M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	+0.582%	$1K	$11K	10x	as long as short