Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h +0.159%

Price spread now: Aftermath Perps against BingX+0.145%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aftermath Perps

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 for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aftermath Perps is 0.145% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5169	0.0100	pay 0.0100% / 8h	3h 23m	—	$127.7M	—
Short	Aftermath Perps XRPUSD	1.5191	0.0681	get 0.0085% / 1h	23m 24s	$2K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BingX. 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 BingXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.145%Rate

Funding earned: $121.98
Price spread: +0.145% → 0.000%: $14.47
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $117.46
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: BingX: live order book, 16 min ago; Aftermath Perps: 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 BingX live order book, 16 min ago	0.99 bp	6.0 bp −$6	6.4 bp −$64	8.6 bp −$858	16.1 bp −$8,075
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	1.5178	+0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	−0.036%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5161	−0.053%	$7.8M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	−0.013%	$253K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5157	−0.079%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.578%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5154	−0.096%	$791K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5174	+0.033%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5174	+0.033%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5166	−0.020%	$9K	$348K	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	1.5166	−0.016%	$996K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5164	−0.030%	$38.7M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5171	+0.015%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5165	−0.025%	$534.7M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5168	−0.007%	$345.9M	$943.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5172	+0.020%	$126.5M	$883.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5147	−0.145%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5170	+0.007%	$131K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.030%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5169	0.000%	$370.7M	$155.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5167	−0.013%	$296.5M	$904.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	+0.007%	$109.1M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5167	−0.013%	$269.1M	$389.5M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5169	long leg	—	$127.7M	—
Variational Omni XRP	+0.0100%	8h	1.5187	+0.117%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.129%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	−0.022%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.178%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5167	−0.012%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5171	+0.013%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5166	−0.019%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5156	−0.086%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	−0.077%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5161	−0.052%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	−0.079%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.001%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	−0.073%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5170	+0.005%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5162	−0.044%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	−0.092%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5171	+0.013%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5167	−0.013%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5166	−0.020%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	+0.066%	$24.1M	$76.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5171	+0.013%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5160	−0.062%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0331%	8h	1.5174	+0.033%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5170	+0.007%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0405%	1h	1.5185	+0.105%	$299.4M	$246.7M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.138%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDshort	+0.0681%	1h	1.5191	+0.145%	$2K	$15K	10x