Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against SoDEX−0.006%55s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.206% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.006%, 7d avg +0.008%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5435	0.0100	pay 0.0013% / 1h	12m 23s	$33K	$1.9M	10x
Short	BingX XRP-USDT	1.5434	0.0100	get 0.0100% / 8h	2h 12m	—	$114.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.008%: −$1.44
Slippage, 4 orders: −$2.6
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.04
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; BingX: live order book, 12 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 SoDEX live order book, 1 min ago	0.32 bp	4.3 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.65 bp	6.3 bp −$6	7.4 bp −$74	9.5 bp −$952	18.9 bp −$9,467

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	1.5437	+0.013%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5450	+0.094%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	+0.227%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5439	+0.026%	$9.4M	$24.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5434	−0.009%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.939%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5438	+0.019%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0173%	1h	1.5433	−0.015%	$909K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5454	+0.121%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5455	+0.130%	$447K	$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	1.5448	+0.081%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5436	+0.009%	$39.3M	$73.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5449	+0.089%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5435	−0.003%	$555.3M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5438	+0.019%	$347.6M	$850.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5437	+0.013%	$126.0M	$847.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.052%	$574K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5441	+0.039%	$119K	$685K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5433	−0.013%	$368.6M	$133.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5433	−0.013%	$290.9M	$818.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5435	−0.002%	$111.9M	$148.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5434	−0.006%	$267.2M	$345.9M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5434	−0.006%	—	$114.6M	—
Variational Omni XRP	+0.0100%	8h	1.5430	−0.034%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.185%	$671K	$97.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5413	−0.143%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	+0.188%	$1.0M	$871K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5437	+0.011%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5438	+0.019%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5434	−0.008%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5435	−0.001%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5440	+0.031%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5435	long leg	$33K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5460	+0.162%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5435	0.000%	$55.1M	$28.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5438	+0.017%	$1.7M	$399K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5440	+0.030%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5437	+0.013%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5436	+0.007%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5438	+0.018%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5443	+0.052%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5433	−0.012%	$15.7M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5450	+0.097%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5444	+0.058%	$1.7M	$947K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5435	−0.003%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5427	−0.052%	$24.1M	$68.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5467	+0.207%	$1.8M	$31.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5444	+0.057%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5444	+0.060%	$406K	$498K	10x	as long as short
Hyperliquid XRP	+0.0503%	1h	1.5452	+0.110%	$284.7M	$190.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0533%	1h	1.5440	+0.033%	$1K	$11K	10x	as long as short