Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against SunX+0.126%46s7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$590.594% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.126%, 7d avg −0.017%

Together, before fees−0.152%−$15 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 0.143% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 46 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	SunX XRP-USDT	1.5654	0.0100	pay 0.0100% / 8h	54m 40s	$131K	$1.8M	30x
Short	Binance XRPUSDT	1.5674	0.0100	get 0.0100% / 8h	54m 40s	$562.3M	$2.00B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → −0.017%: $14.26
Slippage, 4 orders: −$41.45
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.19
Costs to cover: 0.594%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Binance: live order book, 4 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 SunX live order book, 11 min ago	17.59 bp	21.6 bp −$22	24.3 bp −$243	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.32 bp	5.7 bp −$6	6.6 bp −$66	12.9 bp −$1,292	28.0 bp −$14.0K

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	1.5674	+0.127%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5672	+0.117%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5653	−0.007%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5650	−0.026%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0003% / S +0.0109%	1h	1.5646	−0.052%	$860K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5654	−0.004%	$15.7M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5650	−0.026%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.409%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.601%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5675	+0.132%	$3.0M	$12.5M	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	1.5675	+0.134%	$447K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5667	+0.083%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5668	+0.091%	$39.8M	$79.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5669	+0.098%	$645K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5674	+0.126%	$562.3M	$2.00B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5666	+0.076%	$349.4M	$909.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5664	+0.063%	$128.4M	$893.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.390%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5670	+0.102%	$119K	$748K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5670	+0.102%	$375.3M	$142.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5661	+0.044%	$305.5M	$857.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5670	+0.103%	$114.4M	$162.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5675	+0.134%	$273.7M	$368.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5672	+0.114%	—	$120.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5607	−0.298%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5584	−0.445%	$677K	$102.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5610	−0.283%	$1.1M	$41.0M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5641	−0.083%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5659	+0.031%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5650	−0.026%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5654	−0.002%	$843K	$81K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5654	long leg	$131K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5650	−0.026%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5643	−0.068%	$51.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5655	+0.006%	$55.7M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.591%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5668	+0.089%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5676	+0.140%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5674	+0.125%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5651	−0.020%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5681	+0.172%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5648	−0.041%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5649	−0.033%	$24.5M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5659	+0.031%	$6.0M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5591	−0.404%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5661	+0.044%	$2.0M	$33.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0419%	1h	1.5663	+0.057%	$1.7M	$1.0M	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	−0.346%	$69K	$90K	15x	as long as short
Hyperliquid XRP	+0.0624%	1h	1.5692	+0.242%	$296.6M	$206.0M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5687	+0.208%	$511K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0770%	1h	1.5583	−0.457%	$1K	$11K	10x	as long as short