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: BingX against Variational Omni+0.435%7-day average −0.042% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.452%−$45 · spread now +0.435%, 7d avg −0.042%

Together, before fees−0.452%+ Points / potential airdropVariational Omni: Active · farm board−$45 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 0.477% dearer against Variational Omni than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5634	0.0100	pay 0.0100% / 8h	1h 42m	$11.8M	$29.8M	—
Short	BingX XRP-USDC	1.5702	0.0100	get 0.0100% / 8h	1h 42m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.435%Rate

Funding earned: $0
Price spread: +0.435% → −0.042%: $47.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $37.67
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BingX: live order book, 7 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 Variational Omni RFQ quote, 1 min ago	2.04 bp	doesn't fit	5.5 bp −$55	21.0 bp −$2,105	doesn't fit
Sell BingX live order book, 7 min ago	0.96 bp	8.7 bp −$9	11.7 bp −$117	25.4 bp −$2,535	79.0 bp −$39.5K

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	1.5725	+0.582%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5698	+0.411%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5706	+0.460%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5705	+0.451%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.200%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5700	+0.424%	$15.7M	$67.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5704	+0.448%	$82K	$938K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0140%	1h	1.5701	+0.430%	$926K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5698	+0.407%	$3.1M	$11.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5713	+0.505%	$464K	$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
Hibachi XRP/USDT-P	+0.0096%	1h	1.5709	+0.481%	$19K	$77K	7x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5718	+0.540%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5710	+0.484%	$39.9M	$75.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5697	+0.403%	$678K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5696	+0.394%	$569.5M	$1.93B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5697	+0.403%	$354.4M	$876.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5696	+0.396%	$128.8M	$874.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.122%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5706	+0.460%	$121K	$726K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.684%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5707	+0.467%	$376.8M	$136.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5695	+0.390%	$292.3M	$829.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5713	+0.508%	$114.5M	$155.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5700	+0.422%	$272.9M	$355.1M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5702	+0.435%	—	$3.7M	—
Variational Omni XRPlong	+0.0100%	8h	1.5634	long leg	$11.8M	$29.8M	—
edgeX XRPUSDC	+0.0100%	4h	1.5683	+0.310%	$681K	$99.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5730	+0.616%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5698	+0.409%	$1.0M	$879K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5726	+0.588%	$48K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5705	+0.453%	$42K	$63K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5706	+0.460%	$846K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5707	+0.469%	$132K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5704	+0.448%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5699	+0.416%	$51.6M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5720	+0.550%	$55.9M	$28.9M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5710	+0.489%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5698	+0.410%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5720	+0.550%	$13K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5715	+0.517%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5699	+0.416%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5730	+0.614%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5712	+0.502%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5710	+0.486%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5717	+0.531%	$24.8M	$72.6M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5724	+0.576%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0371%	1h	1.5723	+0.569%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5740	+0.678%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5731	+0.621%	$413K	$560K	10x	as long as short
Aftermath Perps XRPUSD	+0.0594%	1h	1.5649	+0.097%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0645%	1h	1.5727	+0.593%	$292.3M	$198.2M	20x	as long as short