Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: BingX against GRVT−0.716%99s7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$300.295% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.686%+$69 · spread now −0.716%, 7d avg −0.062%

Together, before fees+0.660%+ Points / potential airdropGRVT: Active · farm board+$66 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 0.654% cheaper against GRVT than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 99 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	GRVT XRP_USDT_Perp	1.5652	0.0100	pay 0.0100% / 8h	1h 35m	$1.1M	$41.5M	20x
Short	BingX XRP-USDC	1.5540	0.0100	get 0.0100% / 8h	1h 35m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.716%Rate

Funding earned: $0
Price spread: −0.716% → −0.062%: −$65.42
Slippage, 4 orders: −$10.51
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.92
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; BingX: live order book, 14 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 GRVT live order book, 3 min ago	0.32 bp	6.5 bp −$6	13.0 bp −$130	58.2 bp −$5,824	doesn't fit
Sell BingX live order book, 14 min ago	0.96 bp	8.7 bp −$9	11.7 bp −$117	25.4 bp −$2,535	79.0 bp −$39.5K

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	−0.314%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	−0.690%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	−0.678%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	−0.618%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.313%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.796%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	−0.659%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0132%	1h	1.5554	−0.624%	$916K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5556	−0.615%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5547	−0.672%	$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	−0.598%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5538	−0.727%	$39.5M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5554	−0.624%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5556	−0.614%	$561.6M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5560	−0.588%	$348.9M	$882.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5560	−0.588%	$127.3M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	−0.582%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5570	−0.525%	$119K	$731K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.197%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5541	−0.710%	$373.3M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5555	−0.620%	$292.8M	$838.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5546	−0.680%	$114.4M	$157.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5544	−0.691%	$270.4M	$358.2M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5540	−0.716%	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5690	+0.240%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	−0.056%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5652	long leg	$1.1M	$41.5M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	−0.045%	$1.0M	$880K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5564	−0.563%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	−0.665%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	−0.633%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	−0.578%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.723%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.808%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.735%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	−0.530%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	−0.641%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	−0.582%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5534	−0.755%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	−0.672%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	−0.277%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5567	−0.544%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5557	−0.610%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.697%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	−0.282%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	−0.697%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	−0.473%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+0.498%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5573	−0.505%	$508K	$615K	10x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5557	−0.608%	$290.2M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	−0.100%	$1K	$11K	10x	as long as short