Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Ondo Perps against BingX−0.099%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.099% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it 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-USDC	1.5197	0.0100	pay 0.0100% / 8h	3h 31m	—	$3.6M	—
Short	Ondo Perps XRP-USD.P	1.5182	0.0100	get 0.0013% / 1h	31m 18s	$565K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → 0.000%: −$9.87
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.87
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 13 min ago; Ondo 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, 13 min ago	0.66 bp	6.8 bp −$7	8.2 bp −$82	19.5 bp −$1,950	53.9 bp −$27.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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
GMX XRP/USD [ETH-USDC]	L −0.0207% / S +0.0293%	1h	1.5196	−0.005%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5183	−0.092%	$7K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0013%	1h	1.5195	−0.014%	$15.9M	$59.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5188	−0.061%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.178%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5199	+0.013%	$9.0M	$22.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5199	+0.014%	$257K	—	150x	as long as short
Orderly PERP_XRP_USDC	+0.0045%	8h	1.5191	−0.039%	$180K	$781K	50x	as long as short
Injective XRP/USDC PERP	+0.0050%	1h	1.5090	−0.704%	$2K	$51K	30x	as long as short
Vest XRP-PERP	+0.0072%	1h	1.5191	−0.042%	—	$9K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5186	−0.072%	$2.9M	$10.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5191	−0.039%	$567K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5194	−0.020%	$12K	$241K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5185	−0.076%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5189	−0.052%	$38.6M	$69.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5188	−0.059%	$671K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5197	0.000%	$539.7M	$1.78B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5199	+0.013%	$343.7M	$798.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5197	0.000%	$124.3M	$808.1M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5182	−0.099%	$565K	$45K	5x
Arcus XRP-USD	+0.0100%	1h	1.5191	−0.039%	$113K	$623K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5194	−0.020%	$354.7M	$127.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5198	+0.007%	$312.2M	$772.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5195	−0.011%	$110.5M	$140.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5198	+0.007%	$263.8M	$327.4M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5197	long leg	—	$3.6M	—
Variational Omni XRP	+0.0100%	8h	1.5188	−0.061%	$7.4M	$22.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.129%	$659K	$91.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	+0.013%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	−0.086%	$1.0M	$758K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5196	−0.007%	$50K	$460K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5195	−0.013%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	−0.010%	$818K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5190	−0.043%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5198	+0.007%	$28K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5178	−0.125%	$50.0M	$13.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5189	−0.053%	$54.5M	$27.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5194	−0.020%	$1.6M	$202K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.059%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5187	−0.066%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5196	−0.004%	$73K	$37K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5194	−0.020%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5205	+0.053%	$5.3M	$41.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5198	+0.007%	$1.7M	$895K	25x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5203	+0.039%	$1.7M	$31.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5195	−0.016%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5210	+0.086%	$23.4M	$61.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5191	−0.041%	$19K	$43K	7x	as long as short
RISEx XRP/USDC	+0.0330%	1h	1.5195	−0.014%	$401K	$502K	10x	as long as short
Hyperliquid XRP	+0.0443%	1h	1.5214	+0.112%	$283.5M	$165.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0465%	1h	1.5184	−0.086%	$1K	$10K	10x	as long as short