Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Binance+0.029%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$160.165% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.029%, 7d avg −0.037%

Together, before fees+0.077%+ Points / potential airdropExtended: Active · farm board+$8 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: Extended is 0.066% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5103	0.0100	pay 0.0100% / 8h	2h 50m	$531.3M	$2.18B	100x
Short	Extended XRP-USD	1.5107	0.0104	get 0.0013% / 1h	50m 12s	$2.0M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0.84
Price spread: +0.029% → −0.037%: $6.59
Slippage, 4 orders: −$1.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.06
Costs to cover: 0.165%
Break-even: 82.5 days

Slippage from Binance: live order book, 9 min ago; Extended: 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 Binance live order book, 9 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	11.8 bp −$1,177	29.6 bp −$14.8K
Sell Extended live order book, 4 min ago	0.33 bp	3.0 bp −$3	4.4 bp −$44	doesn't fit	doesn't fit

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	1.5130	+0.179%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5106	+0.018%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5127	+0.160%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	+0.113%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5114	+0.073%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5119	+0.109%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.026%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5138	+0.232%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5121	+0.122%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5108	+0.030%	$2.8M	$14.8M	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	1.5107	+0.026%	$496K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5129	+0.172%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5130	+0.175%	$939K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5141	+0.252%	$291.1M	$258.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5109	+0.040%	$38.7M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5135	+0.212%	$607K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5103	long leg	$531.3M	$2.18B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5105	+0.013%	$342.0M	$950.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5108	+0.033%	$125.1M	$888.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5107	+0.026%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	+0.265%	$137K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	+0.072%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5126	+0.152%	$372.6M	$155.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5107	+0.026%	$295.7M	$904.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5135	+0.211%	$108.0M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5111	+0.053%	$268.3M	$392.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5122	+0.126%	—	$105.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	+0.165%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5106	+0.019%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5121	+0.117%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	+0.046%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5138	+0.232%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5121	+0.117%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5116	+0.086%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	+0.074%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5141	+0.254%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5107	+0.026%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5115	+0.077%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5107	+0.026%	$53.8M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	+0.217%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.182%	—	$11K	10x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5107	+0.029%	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5110	+0.046%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0152%	8h	1.5136	+0.218%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5115	+0.079%	$5.7M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5138	+0.232%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5128	+0.163%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5130	+0.179%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5125	+0.146%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5141	+0.254%	$516K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0624%	1h	1.5126	+0.150%	$2K	$15K	10x	as long as short