Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against BingX+0.123%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.123%, 7d avg +0.016%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.106% dearer against BingX than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.016%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5133	0.0100	pay 0.0100% / 8h	6h 18m	—	$4.1M	—
Short	dYdX XRP-USD	1.5152	0	get 0.0000% / 1h	18m 26s	$1.1M	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$21
Price spread: +0.123% → +0.016%: $10.64
Slippage, 4 orders: −$45.98
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$76.34
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; dYdX: live order book, 1 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 BingX live order book, 2 min ago	0.66 bp	8.0 bp −$8	11.8 bp −$118	26.6 bp −$2,658	75.0 bp −$37.5K
Sell dYdX live order book, 1 min ago	18.17 bp	23.7 bp −$24	26.2 bp −$262	42.6 bp −$4,264	84.3 bp −$42.1K

XRP on 50 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	1.5146	+0.086%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5152	+0.123%	$1.1M	$110K	10x
Phoenix XRP	0.0000%	1h	1.5170	+0.244%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	+0.064%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5141	+0.051%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5143	+0.068%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5139	+0.040%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5146	+0.086%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5158	+0.164%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5157	+0.159%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5124	−0.059%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5137	+0.030%	$934K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5141	+0.052%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5156	+0.151%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5146	+0.083%	$537.2M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5143	+0.066%	$340.9M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	+0.066%	$124.2M	$871.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.020%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5139	+0.040%	$114K	$701K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.373%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5143	+0.066%	$368.4M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5143	+0.066%	$289.6M	$915.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5135	+0.017%	$106.9M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5141	+0.053%	$266.7M	$384.4M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5133	long leg	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5151	+0.117%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5154	+0.137%	$658K	$109.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	+0.350%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.145%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5141	+0.050%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	+0.020%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5144	+0.074%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	+0.062%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	+0.120%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	+0.066%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	+0.038%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5144	+0.073%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5156	+0.153%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5130	−0.023%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5139	+0.039%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5131	−0.013%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0192%	1h	1.5145	+0.079%	$280.3M	$222.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5133	−0.003%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5149	+0.106%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5132	−0.006%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0342%	1h	1.5156	+0.152%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5140	+0.046%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5134	+0.004%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5153	+0.134%	$2K	$14K	10x	as long as short