Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Polymarket Perps+0.138%51s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$300.303% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−1.560%−$156 · spread now +0.138%, 7d avg −0.043%

Together, before fees−1.519%−$152 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 0.181% dearer against Polymarket Perps than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 51 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	Polymarket Perps XRP-USD	1.5172	0.0100	pay 0.0013% / 1h	58m 32s	$52K	$514K	20x
Short	BingX XRP-USDC	1.5193	0.0100	get 0.0100% / 8h	7h 58m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → −0.043%: $18.12
Slippage, 4 orders: −$12.31
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12.19
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 39 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 Polymarket Perps live order book, 39 min ago	1.65 bp	7.4 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.33 bp	7.7 bp −$8	10.0 bp −$100	24.5 bp −$2,448	92.2 bp −$46.1K

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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5170	−0.011%	$14.6M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5197	+0.165%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	+0.137%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5173	+0.005%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.557%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	+0.038%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5194	+0.143%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5196	+0.158%	$605K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5185	+0.089%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5199	+0.178%	$38.5M	$86.1M	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XRP	+0.0100%	1h	1.5195	+0.152%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5196	+0.160%	$530.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5184	+0.079%	$352.7M	$949.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	+0.105%	$127.5M	$863.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.020%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5204	+0.211%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.115%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5200	+0.185%	$378.4M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5198	+0.171%	$311.5M	$909.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5197	+0.162%	$106.6M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5195	+0.152%	$269.5M	$389.0M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5193	+0.138%	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5167	−0.030%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.075%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	+0.040%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.073%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.118%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5172	long leg	$52K	$514K	20x
Bullet XRP-USD	+0.0100%	1h	1.5174	+0.016%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5173	+0.007%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5172	+0.003%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5175	+0.017%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5172	0.000%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5180	+0.055%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5174	+0.013%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.232%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5196	+0.159%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5203	+0.204%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	−0.013%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5173	+0.004%	$784K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5178	+0.040%	$7.7M	$24.0M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5178	+0.040%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5185	+0.086%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0200%	1h	1.5210	+0.250%	$290.3M	$268.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.026%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5169	−0.020%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0227%	1h	1.5184	+0.079%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5201	+0.193%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.053%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5176	+0.027%	$2K	$16K	10x	as long as short