Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.007%

Price spread now: 01 Exchange against Binance−0.076%53s7-day average — · you buy dearer than you sell

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

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 −$3 a day on $10k at the current rate, and 01 Exchange is 0.076% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	Binance XRPUSDT	1.5316	0.0100	pay 0.0100% / 8h	5h 46m	$533.9M	$2.08B	100x
Short	01 Exchange XRPUSD	1.5304	0.0008	get 0.0001% / 1h	46m 46s	$9K	$987	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.076%Rate

Funding earned: −$19.32
Price spread: −0.076% → 0.000%: −$7.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$43.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; 01 Exchange: no order-book sample. 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 Binance live order book, 5 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	12.3 bp −$1,233	35.6 bp −$17.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

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 50 exchanges

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	1.5403	+0.570%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5311	−0.028%	$14.0M	$70.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5329	+0.085%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.159%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5313	−0.017%	$7.8M	$21.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5311	−0.031%	$245K	—	150x	as long as short
01 Exchange XRPUSDshort	+0.0008%	1h	1.5304	−0.076%	$9K	$987	10x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.595%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0055%	1h	1.5310	−0.037%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5315	−0.001%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5322	+0.041%	$599K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5318	+0.013%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5310	−0.037%	$10K	$399K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5314	−0.008%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5328	+0.081%	$298.6M	$266.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5318	+0.015%	$39.3M	$81.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5318	+0.015%	$591K	$1.0M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5316	long leg	$533.9M	$2.08B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5313	−0.017%	$361.3M	$887.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5305	−0.070%	$124.6M	$833.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5321	+0.035%	$562K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5317	+0.009%	$165K	$681K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	−0.010%	$1.6M	$26K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5309	−0.043%	$381.4M	$156.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5313	−0.017%	$311.8M	$890.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5316	+0.001%	$105.8M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5307	−0.057%	$271.6M	$356.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5302	−0.089%	—	$4.2M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5323	+0.048%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5325	+0.058%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5326	+0.070%	$666K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.081%	$1.1M	$30.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	+0.165%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5311	−0.030%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5310	−0.040%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5310	−0.037%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5313	−0.015%	$128K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5321	+0.037%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5312	−0.024%	$54.6M	$33.3M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5318	+0.018%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5307	−0.055%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5305	−0.073%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0112%	1h	1.5321	+0.037%	$17K	$76K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5316	+0.002%	$5.4M	$43.9M	50x	as long as short
Kalshi KXXRPPERP	+0.0135%	8h	1.5336	+0.133%	$1.9M	$35.1M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0209% / S −0.0580%	1h	1.5310	−0.035%	$804K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5315	−0.004%	$23.9M	$78.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5306	−0.062%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5317	+0.010%	$514K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0442%	1h	1.5346	+0.200%	$3K	$13K	10x	as long as short