Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)−0.066%46s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$2872.872% of the position

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.066%, 7d avg −0.014%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.052% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day). The two prices were read 46 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	gTrade (Gains Network) XRP/USD	1.5527	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	27m 35s	$260K	—	150x
Short	BingX XRP-USDC	1.5517	0.0100	get 0.0100% / 8h	1h 27m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $20.31
Price spread: −0.066% → −0.014%: −$5.19
Slippage, 4 orders: −$267.21
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$272.09
Costs to cover: 2.872%
Break-even: 100.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 56 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 gTrade (Gains Network) virtual book (oracle venue), 56 min ago	130.03 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell BingX live order book, 7 min ago	0.96 bp	8.8 bp −$9	11.9 bp −$119	25.3 bp −$2,534	86.6 bp −$43.3K

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	1.5523	−0.027%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5501	−0.167%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5513	−0.091%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5527	long leg	$260K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.528%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5506	−0.139%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0124%	1h	1.5527	+0.001%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5517	−0.066%	$77K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5509	−0.117%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5509	−0.117%	$439K	$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
Nado XRP-PERP	+0.0100%	1h	1.5532	+0.034%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5513	−0.091%	$39.4M	$78.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5509	−0.117%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5536	+0.059%	$559.0M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5524	−0.021%	$347.2M	$892.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5521	−0.040%	$127.3M	$877.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5528	+0.005%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5536	+0.057%	$118K	$740K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5515	−0.079%	$374.0M	$139.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5520	−0.046%	$291.7M	$850.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5505	−0.146%	$113.2M	$158.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5522	−0.033%	$270.8M	$362.4M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5517	−0.066%	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5485	−0.275%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5495	−0.205%	$675K	$101.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5534	+0.042%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5504	−0.149%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5520	−0.044%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5532	+0.031%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5525	−0.014%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5520	−0.049%	$835K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	−0.018%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5509	−0.117%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5516	−0.071%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5514	−0.085%	$55.2M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.326%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5521	−0.038%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5528	+0.005%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5522	−0.036%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	−0.083%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5531	+0.024%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5527	−0.002%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5522	−0.033%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5517	−0.066%	$5.8M	$47.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5510	−0.111%	$24.6M	$73.4M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0266%	1h	1.5510	−0.111%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5556	+0.185%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.304%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5540	+0.080%	$509K	$629K	10x	as long as short
Hyperliquid XRP	+0.0598%	1h	1.5542	+0.096%	$291.1M	$202.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0727%	1h	1.5545	+0.112%	$1K	$11K	10x	as long as short