Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective+1.812%102s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 1.812% dearer against Injective than usual: you sell high and buy low: +$181 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour. The two prices were read 102 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	Injective XRP/USDC PERP	1.5290	0.0033	pay 0.0004% / 1h	35m 34s	$2K	$86K	30x
Short	BingX XRP-USDT	1.5567	0.0100	get 0.0100% / 8h	1h 35m	—	$116.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +1.812%Rate

Funding earned: $14
Price spread: +1.812% → 0.000%: $181.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $185.14
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	0.96 bp	6.0 bp −$6	6.0 bp −$60	7.3 bp −$730	14.7 bp −$7,335

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+2.047%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	+1.662%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	+1.674%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	+1.736%	$260K	—	150x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5290	long leg	$2K	$86K	30x
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	+1.553%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	+1.694%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0132%	1h	1.5554	+1.730%	$916K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5556	+1.739%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5547	+1.681%	$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	1.5576	+1.874%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5555	+1.731%	$39.5M	$76.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5554	+1.730%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5580	+1.899%	$562.5M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5583	+1.916%	$349.5M	$882.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5581	+1.903%	$127.3M	$873.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+1.772%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5574	+1.857%	$119K	$732K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+2.570%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5564	+1.792%	$374.0M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5555	+1.733%	$292.8M	$838.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5547	+1.681%	$114.4M	$157.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5582	+1.910%	$271.1M	$358.3M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5567	+1.812%	—	$116.9M	—
Variational Omni XRP	+0.0100%	8h	1.5690	+2.614%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+2.026%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+2.008%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+2.322%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5572	+1.845%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5585	+1.929%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	+1.688%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	+1.721%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	+1.776%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	+1.629%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	+1.541%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	+1.615%	$55.3M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	+1.712%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5578	+1.884%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5565	+1.798%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	+1.681%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+2.085%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5581	+1.903%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5580	+1.896%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	+1.655%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+2.080%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	+1.655%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+1.884%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+2.878%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5585	+1.930%	$509K	$620K	10x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5557	+1.746%	$290.2M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	+2.266%	$1K	$11K	10x	as long as short