Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Katana Perps−0.040%7-day average −0.005% · you buy dearer than you sell

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

Long on Katana Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.040%, 7d avg −0.005%

Together, before fees+0.062%+$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: BingX is 0.034% cheaper against Katana Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps XRP-USD	1.5150	0.0100	pay 0.0100% / 8h	6h 21m	$10K	$307K	20x
Short	BingX XRP-USDC	1.5144	0.0100	get 0.0100% / 8h	6h 21m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Katana Perps. 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 Katana PerpsbpFee BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0.04
Price spread: −0.040% → −0.005%: −$3.44
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.19
Costs to cover: 0.138%
Break-even: 2736.0 days

Slippage unknown: Katana Perps: no order-book sample; BingX: live order book, 9 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 Katana Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	0.33 bp	5.3 bp −$5	5.3 bp −$53	22.2 bp −$2,223	59.3 bp −$29.6K

Katana Perps: 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 50 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	1.5153	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5152	+0.010%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.396%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5149	−0.007%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0021% / S +0.0058%	1h	1.5148	−0.010%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.706%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5146	−0.024%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5150	0.000%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5152	+0.013%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	−0.001%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5152	+0.013%	$512K	$3.3M	20x	as long as short
Katana Perps XRP-USDlong	+0.0100%	8h	1.5150	long leg	$10K	$307K	20x
Nado XRP-PERP	+0.0100%	1h	1.5153	+0.023%	$925K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5154	+0.026%	$38.5M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5154	+0.030%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5145	−0.033%	$537.2M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5144	−0.040%	$341.0M	$940.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5148	−0.013%	$124.3M	$871.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	+0.152%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	+0.026%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.261%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	+0.020%	$368.6M	$152.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5145	−0.033%	$289.6M	$913.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5146	−0.026%	$107.0M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5144	−0.040%	$266.2M	$384.3M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5144	−0.040%	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5199	+0.323%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5169	+0.122%	$659K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	+0.237%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5174	+0.158%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5160	+0.064%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5157	+0.046%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5153	+0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5151	+0.009%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.013%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5155	+0.036%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	−0.020%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	+0.010%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.037%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5147	−0.018%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5154	+0.026%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0202%	1h	1.5166	+0.106%	$280.7M	$221.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5153	+0.020%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5157	+0.046%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5180	+0.200%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0349%	1h	1.5153	+0.020%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0362%	8h	1.5159	+0.059%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5157	+0.047%	$532K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0746%	1h	1.5166	+0.108%	$2K	$14K	10x	as long as short