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: Binance against OKX−0.026%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.015%+$2 · spread now −0.026%, 7d avg +0.004%

Together, before fees−0.025%−$2 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: Binance is 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5359	0.0100	pay 0.0100% / 8h	7h 57m	$125.7M	$885.3M	100x
Short	Binance XRPUSDT	1.5355	0.0100	get 0.0100% / 8h	7h 57m	$540.5M	$2.07B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.004%: −$2.97
Slippage, 4 orders: −$2.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.76
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 16 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 OKX live order book, 1 min ago	0.33 bp	6.2 bp −$6	8.4 bp −$84	16.8 bp −$1,679	33.2 bp −$16.6K
Sell Binance live order book, 16 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	11.4 bp −$1,141	28.3 bp −$14.2K

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	1.5343	−0.104%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5345	−0.089%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.059%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5344	−0.096%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5343	−0.104%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.309%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5342	−0.111%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5347	−0.078%	$9.3M	$25.7M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5346	−0.085%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5353	−0.036%	$2.9M	$13.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5360	+0.007%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	−0.098%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	−0.133%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5353	−0.039%	$38.9M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	−0.020%	$634K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5355	−0.026%	$540.5M	$2.07B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5357	−0.013%	$340.2M	$932.9M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5359	long leg	$125.7M	$885.3M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.254%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	−0.085%	$116K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.143%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5349	−0.065%	$372.6M	$147.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5355	−0.026%	$302.1M	$888.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5355	−0.025%	$109.7M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5355	−0.026%	$269.3M	$378.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5349	−0.065%	—	$123.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.082%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	−0.081%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.065%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.046%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5341	−0.118%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5342	−0.111%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5342	−0.110%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5344	−0.097%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5347	−0.079%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5344	−0.098%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5341	−0.114%	$50.3M	$15.7M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	+0.002%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5347	−0.080%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5343	−0.101%	$55K	$18K	3x	as long as short
Phemex XRPUSDT	+0.0188%	8h	1.5351	−0.052%	$54.7M	$29.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5338	−0.140%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	−0.052%	$24.0M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5350	−0.059%	$5.8M	$46.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0243%	1h	1.5356	−0.020%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	−0.102%	$14.9M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.051%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5350	−0.059%	$2.2M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0547%	1h	1.5370	+0.072%	$291.1M	$216.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5353	−0.037%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5349	−0.066%	$512K	$753K	10x	as long as short