Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.014%

Price spread now: BingX against 01 Exchange−0.173%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.173% cheaper against 01 Exchange than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5567	0.0160	pay 0.0020% / 1h	35m 46s	$8K	$8K	10x
Short	BingX XRP-USDC	1.5540	0.0100	get 0.0100% / 8h	1h 35m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$12.6
Price spread: −0.173% → 0.000%: −$17.34
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$46.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 14 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	0.96 bp	8.7 bp −$9	11.7 bp −$117	25.4 bp −$2,535	79.0 bp −$39.5K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5603	+0.231%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	−0.147%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	−0.135%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	−0.075%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.779%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.254%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	−0.116%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0132%	1h	1.5554	−0.081%	$916K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5556	−0.071%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5547	−0.128%	$455K	$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	1.5558	−0.055%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5538	−0.184%	$39.5M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5554	−0.081%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5556	−0.070%	$561.6M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5560	−0.045%	$348.9M	$882.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5560	−0.045%	$127.3M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	−0.039%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5570	+0.019%	$119K	$731K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.745%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5541	−0.167%	$373.3M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5555	−0.077%	$292.8M	$838.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5546	−0.137%	$114.4M	$157.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5544	−0.148%	$270.4M	$358.2M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5540	−0.173%	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5690	+0.788%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	+0.491%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.547%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.501%	$1.0M	$880K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5564	−0.019%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	−0.122%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	−0.089%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	−0.035%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.180%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.266%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.193%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	+0.014%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	−0.098%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	−0.039%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5534	−0.213%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	−0.129%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.268%	$18K	$81K	7x	as long as short
01 Exchange XRPUSDlong	+0.0160%	1h	1.5567	long leg	$8K	$8K	10x
Reya XRPRUSDPERP	+0.0211%	1h	1.5557	−0.066%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.154%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.263%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	−0.154%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.071%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+1.047%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5573	+0.039%	$508K	$615K	10x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5557	−0.064%	$290.2M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	+0.446%	$1K	$11K	10x	as long as short