Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Arcus+0.264%46s7-day average +0.002% · you sell dearer than you buy

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−$190.187% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.264%, 7d avg +0.002%

Together, before fees−0.282%−$28 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 0.263% dearer against Arcus than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.002%. 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	Arcus XRP-USD	1.5128	0.0100	pay 0.0013% / 1h	44m 52s	$143K	$718K	20x
Short	Binance XRPUSDT	1.5168	0.0100	get 0.0100% / 8h	1h 44m	$529.1M	$2.23B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.264%Rate

Funding earned: $0
Price spread: +0.264% → +0.002%: $26.26
Slippage, 4 orders: −$4.16
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: $7.6
Costs to cover: 0.187%
Break-even: from the start

Slippage from Arcus: live order book, 64 min ago; Binance: live order book, 14 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 Arcus live order book, 64 min ago	0.99 bp	3.2 bp −$3	5.4 bp −$54	24.2 bp −$2,418	doesn't fit
Sell Binance live order book, 14 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	13.0 bp −$1,298	32.4 bp −$16.2K

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	1.5125	−0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5117	−0.071%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.013%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5170	+0.278%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5173	+0.295%	$14.5M	$75.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.856%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5125	−0.020%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0080% / S −0.0027%	1h	1.5170	+0.275%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5172	+0.291%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5173	+0.297%	$546K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5118	−0.066%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	+0.166%	$993K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5164	+0.238%	$38.5M	$87.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5119	−0.062%	$604K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5168	+0.264%	$529.1M	$2.23B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5164	+0.238%	$346.0M	$969.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5168	+0.264%	$127.3M	$893.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5146	+0.119%	$563K	$32K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5128	long leg	$143K	$718K	20x
Bulk XRP-USD	+0.0100%	1h	1.5129	+0.006%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5164	+0.238%	$373.3M	$159.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5162	+0.225%	$297.2M	$919.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5166	+0.249%	$107.3M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5160	+0.212%	$267.5M	$400.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5160	+0.212%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5118	−0.067%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5138	+0.067%	$658K	$114.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5133	+0.033%	$1.1M	$36.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	+0.099%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5149	+0.138%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	+0.225%	$47K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5172	+0.289%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5170	+0.278%	$65K	$810K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5171	+0.286%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	+0.274%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5171	+0.284%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5172	+0.290%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	+0.271%	$54.2M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5122	−0.039%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5158	+0.199%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	+0.274%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5175	+0.311%	$7.7M	$25.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0152%	1h	1.5182	+0.357%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0162%	1h	1.5180	+0.344%	$289.1M	$264.8M	20x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5122	−0.038%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5174	+0.304%	$5.7M	$48.4M	50x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5161	+0.220%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5172	+0.291%	$23.5M	$78.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0221%	8h	1.5152	+0.159%	$1.7M	$35.3M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5126	−0.014%	$521K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0554%	1h	1.5143	+0.098%	$2K	$16K	10x	as long as short