Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended−0.033%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$240.241% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.033% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5361	0.0104	pay 0.0013% / 1h	12m 38s	$2.1M	$7.1M	50x
Short	BingX XRP-USDC	1.5356	0.0100	get 0.0100% / 8h	7h 12m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.84
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: −$9.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.2
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; BingX: live order book, 7 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, 1 min ago	0.32 bp	3.2 bp −$3	6.4 bp −$64	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.98 bp	8.6 bp −$9	12.5 bp −$125	23.0 bp −$2,297	70.2 bp −$35.1K

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	1.5369	+0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5360	−0.007%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5361	−0.001%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0017% / S +0.0074%	1h	1.5358	−0.023%	$843K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.295%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5362	+0.006%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5356	−0.033%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5364	+0.019%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5361	+0.001%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5371	+0.065%	$515K	$3.2M	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	+0.0100%	8h	1.5354	−0.046%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5366	+0.030%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5366	+0.036%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5364	+0.017%	$38.8M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5366	+0.034%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5367	+0.041%	$542.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5363	+0.013%	$342.4M	$919.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5362	+0.006%	$124.8M	$867.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5366	+0.032%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5363	+0.013%	$118K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.563%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5363	+0.013%	$374.9M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5365	+0.026%	$306.1M	$912.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5365	+0.026%	$111.3M	$166.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5367	+0.039%	$269.7M	$374.9M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5356	−0.033%	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5332	−0.188%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.020%	$668K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5366	+0.031%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5374	+0.084%	$1.2M	$997K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5371	+0.065%	$48K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5361	+0.001%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5366	+0.034%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.066%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	−0.013%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5359	−0.013%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5359	−0.013%	$54.6M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5367	+0.041%	—	$9K	10x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5361	long leg	$2.1M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.007%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5362	+0.008%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5366	+0.032%	$24.1M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	+0.039%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5357	−0.026%	$14.5M	$70.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0309%	1h	1.5364	+0.019%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5358	−0.017%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5385	+0.156%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0384%	1h	1.5375	+0.091%	$290.3M	$215.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.267%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0823%	1h	1.5356	−0.033%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	+0.011%	$543K	$773K	10x	as long as short